Tagged: goldman sachs

Report: Goldman Sachs May Be Getting into Bitcoin Trading

Goldman Sachs is strongly considering launching a cryptocurrency trading division. This is according to a report by WSJ.com that apparently received the information directly from  GS executives. If Goldman Sachs launches the new operation, it will be the first Blue Chip Wall Street firm to… Read More

Robo-Advisor Betterment Adds Goldman & Blackrock Portfolio Strategies

Betterment, the largest independent online investment advisor, will now offer two new portfolio strategies: a smart beta portfolio strategy and an income portfolio strategy. Betterment has selected the portfolio strategies from BlackRock and Goldman Sachs Asset Management (GSAM) designed to meet users diverse needs and… Read More

Goldman Sachs Loves thy Neyber, Makes £100 Million Investment in UK Consumer Lender

Goldman Sachs has invested in the UK consumer lender Neyber through its private capital unit by providing £100M of debt and equity financing to Neyber, a fintech start-up providing loans that are repaid out of people’s salaries, reported multiple news sources. Existing investors Gael de… Read More

Report: SoFi CEO Cagney Cancels Participation at Goldman Fintech Event

SoFi CEO Mike Cagney has decided not to participate in the Goldman Fintech event taking place this week in Manhattan, according to a report by Bloomberg. The report attributed the schedule change to the ongoing litigation that is challenging the Fintech platform. SoFi Spokesperson Jim… Read More

Goldman Sachs Announces Private Bank Select, A New Online Lending Program for Affluent

Goldman Sachs (NYSE:GS) announced a new digital service today. The global banking group introduced Goldman Sachs Private Bank Select (or GS Select) – an online lending program that provides financial advisors the ability to offer securities based loans (SBLs) to their clients. The loan may… Read More

Lloyd Blankfein Says Marcus Has Crossed $1 Billion in Lending, Will Top $2 Billion by Year End

Lloyd Blankfein, CEO of Goldman Sachs (NYSE:GS), was interviewed by Jim Cramer on Mad Money this past week. Blankfein spoke broadly about the status of Goldman Sachs (along with the fact he has started to use Twitter). But one topic of interest was an update… Read More

Circle Launches Free Cross-Border Mobile Payments Based on Blockchain

Circle, a Blockchain based Fintech startup backed by Goldman Sachs, announced recently it was launching its mobile payments solution to the US, UK, and Europe, which will allow people to transfer money across countries without any fees instantly. Free and Instant Cross-Border Payments Blockchain is the… Read More

Goldman Sachs Shares Few Details on Marcus Progress During Quarterly Call

During a “period of recalibration” for Goldman Sachs (NYSE: GS), the diversified financial firm announced Q1 2017 financial results today. Goldman reported net revenues of $8.03 billion and net earnings of $2.26 billion for the first quarter ended March 31st. Diluted earnings per common share… Read More

Big News for Prosper: Marketplace Lender Signs Agreement for $5 Billion in Loan Purchases from Consortium of Investors

Prosper Marketplace, one of the leading online lenders in the US, has signed an agreement with a group of institutional investors to purchase up to $5 billion in loans over the next 24 months. The agreement alleviates a challenging situation that has been endured by… Read More

Ram Ahluwalia of PeerIQ Shares the Future of Online Lending

In the online lending world, there are a handful of people that know everything that is going on. From the good to the not so good, their vantage point is unique. Ram Ahluwalia, CEO and co-founder of PeerIQ, is one of these individuals. Ahluwalia launched PeerIQ in… Read More

Kleiner Perkins & Others Invest $15 Million in Online Lender Better Mortgage

Better Mortgage has received $15 million in funding during a Series B round. Kleiner Perkins, the VC firm that helped to fund companies like Google and Amazon, participated in the funding round alongside Goldman Sachs Principal Strategic Investments Group and Pine Brook. Better previously raised… Read More

Banks, Startups and Trolls to Duke Over Blockchain?

Reports came out during the holiday season last year of banks quietly stocking up on blockchain patents.  Banks will compete with startups making the same moves.  They will also compete for patents with trolls who suppress innovation. The future of blockchain innovation depends on who… Read More

Share the Love: Goldman Sachs’ Online Lender Marcus Now Open to All Borrowers

Marcus, Goldman Sach’s (NYSE:GS) foray into the universe of online lending, launched late last year. The catch was you had to be “invited” to take out a loan. Management was clearly testing things before the training wheels came off. Today, Marcus is emailing folks to let… Read More

Crowdfunding & Fintech Predictions for 2017

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

No Thanks: Goldman Sachs Drops Out of R3 CEV Blockchain Group

Goldman Sachs is no longer part of the R3 CEV blockchain group, according to the WSJ. Founded in 2014 by CEO David Rutter to explore the use of the distributed database technology, especially for tech utilizing bitcoin, R3 CEV explores way banks can save billions of dollars through streamlining outdated… Read More

Goldman Sachs Introduces First Advertising Campaign Aimed Towards The Masses (Video)

Goldman Sachs (NYSE:GS) has launched its first advertising campaign that is aiming towards those in need of getting out of their credit card debt and looking for a fixed-rate, lower-cost personal loan. According to CNBC, The new 15 and 30-second campaign ad will appear on various video… Read More

Goldman Sachs, Pivot Investment Partners & Wells Fargo Invest $16 Million in Fintech Company Droit

New York-based Fintech firm Droit Financial Technologies secured a $16 million in Series A investments earlier this month from Goldman Sachs, Pivot Investment Partners, and Wells Fargo. Principal trading firm DRW also participated. Droit is a New York-based Fintech firm focused on providing enterprise solutions for OTC… Read More

Singaporean Government & Banks to Award S$1.15 million to FinTech Companies

The Government of Singapore is inviting startups, tech companies, investors, and banks to its inaugural Singapore FinTech Festival between November 14-18. Events will include a Hackcelerator Demo Day, the FinTech Awards, and a speakers expo. Finalists competing in the FinTech Awards had been busy implementing… Read More

Fitch: Goldman Sachs Blends Banking & Fintech with Launch of Marcus

Fitch Ratings is out with a note on Goldman Sachs’ foray into the online lending market. Fitch says that Marcus, Goldman’s recently launched lending platform, seeks to combine the best of both Fintech and the stability of being a more traditional bank. Marcus is differentiated from… Read More

Marcus, Goldman Sachs’ Online Lender, Launches to Provide Affordable Consumer Loans

Goldman Sachs’  long-anticipated online lending platform labeled Marcus has launched for users who received a special code by mail.  The Fintech platform is poised to challenge established marketplace lending platforms such as Prosper and Lending Club by offering consumers a chance to refinance onerous credit… Read More