Rather than letting existing financial companies handle all its payment processing, Apple wants to bring some of it in-house, according to an unconfirmed report. And the Mac-maker would also like to take on a range of other related services itself.

The goal is to reduce the amount of money Apple has to pay outside companies for financial services.

Apple hopes to depend less on outside financial companies

Use Apple Pay or the Apple Card and outside companies handle parts of the transaction. But Cupertino hopes to use these less in the future.

Bloomberg reports Wednesday that the company is building the infrastructure to take on “payment processing, risk assessment for lending, fraud analysis, credit checks and additional customer-service functions such as the handling of disputes.”

Supposedly, the plan is launch new financial products using the technology under development, not replace the companies handling its services now.

Apple did not confirm the report.

Going into a whole new business

The move is not without risks. As The Information pointed out, Apple getting into financial services is “sure to intensify questions at the European Commission and the U.S. Justice Department about whether the iPhone maker is using its dominance of the mobile market to expand into adjacent businesses.”

And its first forays into this area haven’t been perfectly smooth. There’s friction between Cupertino and big banks over Apple Pay and the Apple Card.

Perhaps problems were inevitable. The Mac-maker total revenue for 2021 was $366 billion, and when a company that large gets into a new area, it’s almost certain the shake things up.