Tagged: goldman sachs

Goldman Sachs CEO Says They Get No Credit for Digital Bank Marcus

Goldman Sachs (NYSE:GS) CEO David Salomon reportedly told an audience last week that his company is getting zero credit for its digital bank startup Marcus. “If we were out in Silicon Valley and made 20% of the progress that we’ve made, we would get a… Read More

Money Management App Money Dashboard Announces Integration with Revolut, Chip and Marcus by Goldman Sachs

Money Dashboard, a UK-based online personal financial management service, announced on Tuesday it has released integrations with three new account providers – Revolut, Chip, and Marcus by Goldman Sachs. According to Money Dashboard, the integrations help consumers track spending and progress towards their savings goals in real time…. Read More

Digital Bank Marcus UK Tops 250,000 Customers, £8 Billion in Deposits

A report in Yahoo Finance indicates that Marcus, Goldman Sachs’ digital only challenger bank, is doing quite well in the United Kingdom. Des McDaid, the Managing Director for Marcus in the UK, stated: “We’ve passed a quarter of a million customers and just over £8bn… Read More

Goldman Sachs is Betting Big on Fintech

While most of the headlines covering Goldman Sachs’ (NYSE:GS) Q1 earnings report targeted the decline in earnings and profit, for investors that tuned in to the earnings call they were able to learn more about Goldman’s transformation into a financial services firm of the future…. Read More

Apple and Goldman Sachs to Partner on Credit Card Linked to iPhone Wallet

Apple (NASDAQ: APPL) and Goldman Sachs (NYSE: GS) are hooking up with a new credit card scheduled to launch this spring, according to a report in WSJ.com. Rumblings of a Goldman – Apple partnership first emerged in May of 2018, again reported by WSJ. At… Read More

Business Financial Management App Nav Secures $44 Million During Series C Funding Round Led By Goldman Sachs

Nav, a business financial management app that helps small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus, announced on Monday it secured $44 million through its Series C funding round, which… Read More

U.S. Fintech Climb Credit Secures $50 Million Investment From Gold Sachs Urban Investment Group

Online student lending platform, Climb Credit, announced on Wednesday it secured $50 million in lending capital from the Goldman Sachs Urban Investment Group. Since launching in 2014, Climb reported it has originated nearly $100 million worth of loans, funded the education of nearly 10,000 students and partnered with over 100… Read More

Nutmeg Secures £45 Million Through Latest Investment Round Led By Goldman Sachs & Convoy

UK-based fintech firm Nutmeg announced on Tuesday it secured £45 million through its latest funding round, which was led by Goldman Sachs and Convoy, which is an existing investor of the company. As previously reported, Nutmeg is described as the UK’s first online “discretionary investment management company.”… Read More

Digital Bank Marcus Now Has $35 Billion in Deposits. “Our Plan Has Always Been to Build a Platform”

Digital only bank Marcus continues to gain traction in both the US and the UK. During the Q4 earnings call by Goldman Sachs (NYSE: GS) yesterday, the management team shared some additional insight into the Fintech’s growth. Goldman, by the way, reported blowout numbers which… Read More

Fintech News: The Biggest Fintech Stories of 2018

Fintech, or financial innovation, is pervasive within the financial services industry. Innovation has always existed in this sector of business but the advent of the internet combined with the creativity of risk taking entrepreneurs has engendered an accelerated period of disruptive change in finance. Think about… Read More

Wall Street Backing Off Its Bitcoin and Crypto Ambitions- For Now

The cryptocurrency mania of 2017 was impossible for Wall Street to ignore, but a mainstream avalanche into crypto is easier said than done, and a stampede of clients demanding crypto-based products from their institutional brokers just hasn’t materialized yet, Bloomberg reports. “The market had unrealistic… Read More

Report Confirms that Goldman Will Move Into Wealth Management for the Masses

As we predicted just yesterday, Goldman Sachs will move into the wealth management space, according to a note by CNBC. The additional service was alluded to in the most recent Goldman earnings call which took place last week. The new financial advisor service will most… Read More

Goldman Sachs’ Digital Bank Marcus Rapidly Gains UK Consumer Accounts

Last week, Goldman Sachs (NYSE:GS) shared their 3rd quarter earnings report. Buried within the report was an update on Marcus, the digital bank and online lender that recently crossed the Atlantic setting up a beachhead in Europe by opening up in the UK in late September…. Read More

BitGo Attracts Goldman Sachs & Galaxy Digital Ventures As New Investors Through Series B Funding Round

Blockchain software firm BitGo announced on Thursday it has completed its latest Series B funding round, which raised $58.5 million. The company attracted new investors through the round, such as Goldman Sachs’ Principal Strategic Investments group and Galaxy Digital Ventures LLC, a venture investment firm founded by… Read More

From Goldman Sachs to Crypto: CoinFi Founder Believes it is the Dawn of a New Industry

CoinFi, is described as the “world’s first decentralized crypto market intelligence platform” designed to offer research, analysis and trading signals for crypto traders. The goal is to give users an edge when they speculate on the price movement of crypto – a higher that is… Read More

Fake News! Goldman Still Pursuing Bitcoin Product According to Report

Earlier this week, a report circulated by Business Insider indicated that Goldman Sachs had paused its efforts to launch a cryptocurrency trading desk – something Goldman had confirmed it was pursuing earlier this year. Today, according to CNBC, Goldman is still considering its options with… Read More

Report: Goldman Sachs Bails on Cryptocurrency Trading Desk, Bitcoin Drops

A report from earlier today indicates that Goldman Sachs has decided to shelve its plans to launch a cryptocurrency trading desk. At least in the near term, Goldman is holding off on its crypto ambitions, according to Business Insider. The news immediately threw cold water… Read More

Aspiring Online Money Centre bank Marcus by Goldman Sachs Nears UK Launch

Marcus began its existence as a mere online lender seeking to provide consumers with affordable credit all online. But as time moves on, it is becoming more clear that Marcus is being positioned as not just providing loans but becoming the bank of the future:… Read More

Axoni Secures $32 Million Through Series B Funding Round Led By Goldman Sachs & Nyca Partners

Enterprise blockchain technology provider Axoni announced on Tuesday it secured $32 million through its Series B funding round, which was led by Goldman Sachs and Nyca Partners. The funding round included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton… Read More

Japan Instant Post-Pay Credit Service Paidy Secures $55 Million Through Series C Funding Round

Paidy, Inc., a Japan-based post-pay credit account company, announced on Thursday it secured $55 million through its Series C funding round, which was led by ITOCHU Corporation with participation from Goldman Sachs. The company reported combined with its two previous Series A and B rounds,… Read More

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