Tagged: goldman sachs

October 13, 2022 @ 2:53 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the largest company in the world by market cap, is becoming more like a digital bank. Apple announced today that it will soon offer interest-bearing accounts alongside its highly popular Apple Card. The service will be available in partnership with Goldman Sachs (NYSE:GS),… Read More

September 22, 2022 @ 10:32 am By Omar Faridi  |  

Goldman Sachs (NYSE:GS) recently announced it is expanding Transaction Banking (TxB) to the European Union. Originally launched in the US in 2020 and expanded to the UK in 2021, this growth will deepen Goldman Sachs’ relationships “with existing clients who have banking needs in the… Read More

September 17, 2022 @ 3:03 pm By Omar Faridi  |  

Modern Treasury, a software platform that helps companies modernize money movement, and Goldman Sachs Transaction Banking (TxB) announced a partnership “to accelerate the shift to embedded payments, helping joint customers seamlessly embed and scale domestic and international payments into their products to drive growth.” Modern… Read More

September 16, 2022 @ 6:50 pm By JD Alois  |  

Marcus, the Goldman Sachs (NYSE:GS) owned digital bank serving consumers in both the US and the UK, is getting some scrutiny from the US Federal Reserve according to reports. The Fed is one of several federal agencies that has regulatory oversight over banks. The Fed… Read More

August 31, 2022 @ 2:09 pm By Omar Faridi  |  

Infobip Group, a global cloud communications platform company for customer engagement, and key player in CPaaS solutions, announced a partnership with Google and Goldman Sachs to launch “an innovative mentorship program for startups from Croatia, the youngest European Union member state with a population of… Read More

August 25, 2022 @ 4:35 pm By JD Alois  |  

It appears that Marcus by Goldman Sachs (NYSE:GS) is struggling with something so plebeian, like consumer checking. In a day when fewer and fewer people are using physical checks, opting for online payments and tap to pay with their iPhone, Marcus may delay its consumer checking… Read More

August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

July 18, 2022 @ 9:14 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has beaten analyst estimates reporting Q2 2022 earnings per share of $7.73. At the same time, Goldman raised its dividend to $2.50 a share, a whopping 25% increase over previous amount. The price of Goldman shares increased in pre-market trading. David Solomon,… Read More

July 3, 2022 @ 5:09 pm By Omar Faridi  |  

Derivative Path, a provider of capital markets tech and derivatives execution services to regional and community banks, announced it is working with Goldman Sachs Transaction Banking (TxB) to offer “an automated, digital-first payments platform to help financial institutions with spot foreign exchange and international payments.”… Read More

June 27, 2022 @ 10:24 am By JD Alois  |  

Shares in crypto exchange Coinbase (NASDQ:COIN) have dropped by over 9% today to around $56/share following a downgrade from Goldman Sachs. Coinbase is not quite at its 52-week low of around $40 a share but they are far off its 52-week high of over $368… Read More

June 9, 2022 @ 10:16 am By JD Alois  |  

Apple Pay Later, Apple’s (NASDAQ:AAPL) entry into the buy now – pay later sector (BNPL), will be managed directly by an Apple subsidiary according to multiple reports. The news of the BNPL product was revealed during the WWDC keynote address earlier this week representing a… Read More

June 1, 2022 @ 10:00 pm By Omar Faridi  |  

We recently connected with Craig Blitz, Chief Product Officer at Digital Asset, which is building the platform, developer tools, and leveraging the best modern infrastructure providers “to change how businesses interact.” Digital Asset (the company) is the creator of the Daml multi-party application platform. Our… Read More

June 1, 2022 @ 9:27 am By JD Alois  |  

FTX, a fast-growing crypto exchange serving both the US and global markets, is in talks with Goldman Sachs (NYSE:GS) in regards to crypto derivatives. While Goldman has been hesitant in the past to move into crypto demand from its customers continues to push the investment… Read More

May 20, 2022 @ 12:02 pm By JD Alois  |  

Caribou, an “auto Fintech” and future Insurtech, has raised $115 million in Series C funding at a solid valuation of $1.1 billion. The investment was led by Goldman Sachs Asset Management, with participation from new investors, including Innovius Capital and Harmonic, as well as existing… Read More

May 18, 2022 @ 10:17 am By Omar Faridi  |  

Elwood Technologies, a platform providing “institutional-grade” access to digital asset markets and liquidity venues, recently announced it has “closed a $70 million Series A funding round.” The round was co-led by Europe‘s largest B2B investor Dawn Capital and global investment bank, Goldman Sachs. There was… Read More

May 15, 2022 @ 6:37 pm By Omar Faridi  |  

Deserve, the venture-backed Fintech firm expanding and powering the real-time credit card economy, recently announced a $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve’s digital-first, mobile-centric, and “highly configurable” credit card platform, the company will “use this new… Read More

May 9, 2022 @ 5:26 pm By JD Alois  |  

SPACs, once red hot topping the traditional IPO market, have dimmed in recent months as the Securities and Exchange Commission has proposed new rules that may make the financing vehicle less viable. Today, the most prominent investment bank in the US, Goldman Sachs (NYSE:GS), has… Read More

April 19, 2022 @ 10:40 am By JD Alois  |  

Goldman Sachs (NYSE:GS), the words most prominent investment bank and aspiring global Fintech, announced Q1 earnings today that topped estimates. Goldman reported net revenues of $12.93 billion and earnings of $3.94 billion or an EPS of $10.76. Estimates had pegged EPS at $8.89. During the… Read More

April 13, 2022 @ 9:17 am By Omar Faridi  |  

Form3 clients are now able to “gain access to FX payments in 124 currencies across 163 countries.” Goldman Sachs Transaction Banking (TxB) and Form3, the Cloud-native payment technology provider, announced “a new solution that delivers FX and payments capabilities to Form3’s banking clients.” Form3’s platform… Read More

April 10, 2022 @ 8:33 pm By Omar Faridi  |  

It only feels like “yesterday” when CertiK was announcing their B2 round of funding, where the firm had been valued at $1 billion. The blockchain-focused firm also mentioned that just 3 months later, here they are again, and now they are “a $2 billion company.”… Read More