Apple’s iOS 17.4 update is mainly about adapting iOS to the EU Digital Market Regulation. But the company also released a new API called FinanceKit which allows developers to retrieve transactions and balance information from Apple Card, Apple Cash and Savings with Apple.
At launch, the company partnered with YNAB, Monarch, and Copilot. In a post on X, Copilot said users will be able to track all of Apple’s financial accounts in real time. Previously, Copilot users had to upload documents to view their transactions.
“We are thrilled to be one of the first apps selected by Apple to bring this feature to life,” said Todd Curtis, CEO of YNAB in a statement. “Since 2004, YNAB has been focused on helping people transform their relationship with money, and we’re excited that this integration will enhance the YNAB experience for Apple cardholders, making it even easier for them to spend with confidence, saving ambition and even offering with joy.”
Over the years, Apple has increased the number of financial products it offers. It launched the Apple Card in 2019. Earlier this year, it said Apple Card users would earn $1 billion in daily cash rewards by 2023. The company also said more than 12 million customers use Apple Cards. In April 2023, Apple launched a 4.15% APY savings account in partnership with Goldman Sachs. As of August 2023, the company said the new savings account already had more than $10 billion in deposits.
