Tagged: goldman sachs

April 17, 2018 @ 8:46 am By JD Alois  |  

A report yesterday stated that Barclays bank is considering launching a cryptocurrency trading desk. Barclays is not alone in considering this new line of business as it has been widely reported that Goldman Sachs is looking at doing the same. Other banks are expected to… Read More

April 15, 2018 @ 6:00 pm By JD Alois  |  

Goldman Sachs Bank USA has acquired Clarity Money a Fintech founded by CEO Adam Dell. Clarity Money is an app based service that helps consumers better manage their personal finances with machine learning and intuitive design to provide actionable insights. The robo-advisor claims over one million… Read More

April 13, 2018 @ 10:19 am By Cali Haan  |  

Press tracking events in crypto have been reporting on talent migrating from traditional tech and finance into blockchain and crypto for some time now. The latest news concerns an announcement that Richard Kim, formerly VP London at Goldman Sachs, is now CEO at Mike Novogratz’s new… Read More

February 15, 2018 @ 6:10 pm By JD Alois  |  

Investment banking is a highly profitable business. Goldman Sachs, perhaps the most prominent investment bank in the world, raked in $32 billion during fiscal 2017 with the majority of this revenue driven specifically by investment banking. Yet arguably, much of the value that is provided… Read More

February 13, 2018 @ 12:19 pm By JD Alois  |  

Today, during an investor presentation at the Credit Suisse 19th Annual Financial Services Forum in Key Biscayne, Florida, Goldman Sachs CEO Lloyd Blankfein delivered a presentation on his bank’s operations. Buried in the middle of the deck was some interesting perspective on Marcus, Goldman’s foray into… Read More

February 7, 2018 @ 1:56 pm By JD Alois  |  

Steven Strongin, Goldman Sachs Global Head of Investment Research, has published a report claiming most cryptocurrencies are going to zero. The harsh assessment comes at a time when pretty much all cryptocurrencies have been experiencing some gut wrenching volatility. At the end of 2017, Bitcoin hit… Read More

February 7, 2018 @ 10:45 am By JD Alois  |  

Online lending eventually will be the norm, not the exception. As bricks and mortar ebbs away, Fintech is filling the void due to demand and the sheer efficacy of the online lending process. Indicative of this systemic trend is a report this week in WSJ.com… Read More

January 17, 2018 @ 8:21 am By JD Alois  |  

Meeting a prediction from this past June set by Goldman Sachs CEO Lloyd Blankfein, online lending platform Marcus topped $2 billion in loan originations. Additionally, Marcus reported online deposits of over $5 billion. Deposits and consumer lending have now been combined under a single brand, thus,… Read More

January 17, 2018 @ 1:30 am By Timothy Li  |  

Last year, I boldly predicted 10 Fintech movements that will take place as Earth makes another perfect rotation around our Sun. It’s always fun to look back and see how wrong I was, so let’s stump the chump! Here are my original predictions. Let’s score… Read More

January 4, 2018 @ 9:51 pm By JD Alois  |  

  Ron Suber is one of the best known names in the marketplace lending world and a staunch champion of the future of online lending. For many years, Suber was President of Prosper – a leading platform that targets the consumer lending sector – mainly… Read More

December 21, 2017 @ 4:07 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) is getting into crypto. This is according to a report by Bloomberg that states the august investment bank will have a cryptocurrency trading desk set up by June 2018. The story is still developing but should come as no surprise as recent additions… Read More

October 27, 2017 @ 8:17 am By JD Alois  |  

CommonBond, an online lender that helps students and graduates finance their loans, has closed a $248 million securitization of refinanced student loans. This is the largest and highest rated securitization for the Fintech to date. The offering’s most senior notes achieved AA ratings from Moody’s,… Read More

October 24, 2017 @ 10:33 pm By JD Alois  |  

Klook, Asia’s largest in-destination services booking platform, has raised nearly $60 million in a Series C funding round.  The financing was led by Sequoia China which also led the Series B Funding. Goldman Sachs and Matrix Partners joined in the round. OurCrowd, a leading global investment… Read More

October 2, 2017 @ 12:26 pm By JD Alois  |  

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

September 13, 2017 @ 9:42 am By JD Alois  |  

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

September 12, 2017 @ 3:11 pm By Erin Hobey  |  

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

September 7, 2017 @ 11:18 am By JD Alois  |  

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

July 27, 2017 @ 12:53 pm By JD Alois  |  

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

June 24, 2017 @ 9:31 am By JD Alois  |  

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

June 16, 2017 @ 7:31 am By Jonathan Nieh  |  

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