Tagged: goldman sachs

Banking as a Service: Goldman Sachs Sizes Up Cloud based Financial Services for Fintechs & Other Banks

Marcus by Goldman Sachs (NYSE:GS), a digital bank serving customers in the US and UK, is expected to play a significant role in the future of the world’s most successful investment bank. During the recent Investor Day, Goldman outlined its vision for both corporate and… Read More

Goldman Sachs Investor Day Sheds Light on Company Strategy, Retail Ambitions

Goldman Sachs Group (NYSE: GS) presented the firm’s vision for the future today in an Investor Meeting that charted the roadmap for the bank over the next few years. Goldman said the investor day reflects their ongoing commitment to providing the market with a “clear… Read More

Goldman Sachs Promotes Marcus App, Explains Delay as Utility Not that High at First

Digital-only bank Marcus, part of Goldman Sachs (NYSE:GS) was recently announced after a several year delay. The app is now available on the Apple App store with Google Play availability this spring. Marcus is the first digital-only bank to have a federal charter in the… Read More

Goldman Sachs Disappoints On Q4 Bottom Line, Consumer & Wealth Management Generates “Record Revenues”

Goldman Sachs (NYSE:GS) is out with Q4 earnings reporting good topline numbers with a miss on the bottom line. Shares are trading marginally lower in pre-market activity. Goldman’s net revenues for the year ending December 31st came in at $36.55 billion with net earnings of… Read More

Goldman Sachs Launches Mobile App For Digital Bank Marcus

Goldman Sachs (NYSE: GS) has launched a mobile app for its digital banking service, Marcus.  The fact that such a prominent entrant into the digital bank sector has existed minus an App has long been a shortcoming of the Fintech. Goldman Sachs spokeswoman, Kristen Greco,… Read More

Goldman Sachs to Provide More Details on Consumer Segment Including Digital Bank Marcus

Goldman Sachs  (NYSE: GS), the leading global investment bank, will be segmenting out its business operations in the upcoming Q4 earnings report scheduled for January 15, 2020. This will include breaking out its emerging consumer division, a portion of its business that includes its digital… Read More

FinnoSummit: LatAm Fintech Revolution – Banking as a Service

Part 2 of a series of articles covering the fast-emerging Fintech ecosystem in Latin America. As sessions continue at the inaugural FinnoSummit by LendIt Fintech in December, I find myself in a fully packed, standing room only hall buzzing with investors and entrepreneurs. The excitement… Read More

India-Based Fintech ZestMoney Secures $15 Million During Series B Funding Round Led By Goldman Sachs

ZestMoney, an India-based fintech, announced this week it secured $15 million through its Series B investment round, which was led by Goldman Sachs with participation from Naspers Fintech, Quona Capital, and Omidyar Network. Founded in 2015, ZestMoney stated that it helps everyone “live their dream… Read More

AccessFintech Partners With Citi, Credit Suisse, Goldman Sachs, & JP Morgan For Global Data Network Utilization

Fintech

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

Payments Software Firm Bill.com Is Planning to Raise $100 Million via an IPO

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More

Goldman Sachs’ Consumer Banking Division Marcus to Offer Stocks and ISA Access, Supported By Nutmeg

New York-based investment bank Goldman Sachs’ consumer banking division, Marcus, is reportedly expanding its operations to include investment-related services in the UK. Marcus is introducing a new stock trading and ISA vehicle, which will be supported by digital wealth manager Nutmeg. The ISA will be… Read More

Goldman Sachs says “We Hear You” Regarding Apple Card Accusations of Gender Bias, Affirms Gender is Not Part of the Equation

Goldman Sachs Bank took to Twitter once again to address the ongoing allegations of gender bias in regards to the issuance of the Apple Card. The Twitterati blew up last week as multiple Apple Card users claimed that gender was a factor in allocating credit… Read More

As Twitter Condemns, Goldman Sachs Denies Accusations that Gender Plays a Role in Apple Card Issuance

This past weekend, Crowdfund Insider reported on the growing cacophony of accusations that individuals applying for an Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), were receiving lower credit limits based on gender. The entire dust-up was spawned by a series of tweets from David… Read More

Series of Tweets Regarding Apple Card Brings Scrutiny of New York Department of Financial Services

The relatively new Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), is receiving some unwanted regulatory scrutiny from the New York Department of Financial Services (DFS). A series of tweets from David Heinemeier Hansson, the creator of Ruby on Rails and CTO of Basecamp, noted… Read More

California-based Fair Credit Products Provider Deserve Raises $50 Million via Funding Round Led By Goldman Sachs

California-based Deserve, a Fintech firm that provides fair credit products for young consumers and a cloud-based credit card platform for companies, raised $50 million through a funding round led by giant Wall Street investment bank Goldman Sachs.  Deserve’s latest investment round also included contributions from… Read More

Report: Apple Card Generates $10 Billion in Credit Lines, $736 Million in Loan Balances

A report published by Bloomberg yesterday states that Goldman Sachs (NYSE:GS) has extended $10 billion in credit and 736 million in loan balances pertaining to the Apple Card, as of September 30th. The same report also states that following the rollout of the Apple Card,… Read More

“Very Good Security” Raises $35 Million led by Goldman Sachs

Very Good Security (VGS) has raised $35 million in Series B funding led by Goldman Sachs’ Merchant Banking Division. Existing investors Andreessen Horowitz and Vertex Ventures US also joined in the funding round. VGS is building “modern SaaS infrastructure for data security, compliance, and privacy.” … Read More

Goldman Sachs Reports $55 Billion in Consumer Deposits, No Color on Apple Card Partnership

Goldman Sachs (NYSE:GS) revealed Q3 earnings this morning. The conference call is scheduled for 11AM ET today. Results were good but not great as earnings missed estimates. Shares declined in pre-market trading. Buried within the presentation is the fact that Goldman Sachs now claims $55… Read More

Vista Equity Partners Might Sell a 50% Stake in $10 Billion Fintech Outfit Finastra

Vista Equity Partners might reportedly sell a 50% stake in $10 billion Fintech outfit Finastra, according to Bloomberg. Finastra was established in 2017 when Vista acquired Canadian firm D+H and merged it with London-headquartered Misys, another Fintech company owned by Vista. The merger helped establish… Read More

Goldman Sachs Provides $100 Million Secured Credit Facility to Mexican Fintech Konio

For the first time ever, giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division is providing a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. The funds will be directed toward Konfio’s business operations, which include providing unsecured working capital… Read More

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