Apple CEO Tim Cook had trouble getting an Apple Card just a month before it was unveiled. Application
Apple CEO Tim Cook had trouble getting an Apple Card just a month before it was unveiled. Cook’s application for the card was rejected by an automatic underwriting system that was developed in conjunction with Goldman Sachs. This system checks an applicant’s income, expenses, debts, and assets to determine if they can get a credit card.
In the case of Tim Cook, the system considered that he was not who he represented himself, and rejected his application, considering him as a potential fraudster. As a result of the problem, engineers from Apple and Goldman Sachs worked tirelessly for several months to find a solution.
In the end, Goldman Sachs approved the Apple CEO’s application for a credit card.
