Goldman faces probe after a trader hits the Apple Map algorithm in the tweets

FILE PHOTO: The ticker symbol and the logo of Goldman Sachs, is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, New York, USA on December 18, 2018. REUTERS/Brendan McDermid/File Photo

BENGALURU (Reuters) – An investigation into the Goldman Sachs Group, Inc. credit card practices has been launched following the tweets of a technical entrepreneur, alleging discrimination on the basis of sex in the new Apple Inc. map of the algorithms that have been used for the determination of the credit limit. In a series of Twitter messages, to start on a Thursday, by the name of David Heinemeier Hansson railed against Apple’s own Map to give it to him 20 times more than the limit, that is, his wife won, the international monetary Fund said on Saturday.

Hansson, who is the creator of the web-application framework Ruby on Rails, and not to disclose the specific income-related information, either for himself or for his wife, but she said they filed a joint income tax return, and that his wife has a better credit rating, according to the report. The New York Department of Financial Services has confirmed that an investigation was being conducted. Andrew Williams, a Goldman Sachs spokesman, declined to comment on the question of whether Hansson was in contact with Goldman with respect to the objections on Twitter, and because the bank does not discuss all of the issues in relation to the individuals out in the open.

The Apple Map was launched in August, is Goldman’s first credit card. The Wall Street investment bank to offer more products to consumers, including personal loans and savings accounts over to the Marcus bank.

The Department of Financial Services, will be conducting an investigation to determine whether or not the New York law was violated, and to ensure that all consumers are treated equally, regardless of sex,” a department spokeswoman told Reuters in a statement.

“An algorithm which, whether intentional or not, results in the discriminatory treatment of women, or any other legally protected class in violation of New York law.”

The iPhone-maker said that the card would have to be synced with the iPhone, users of Apple’s Purse, and it can be used to purchase Apple products at a discounted price.

Report by Mekhla Raina, Bengaluru, and Elizabeth Dilts in New York; Editing by Sonya Hepinstall

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