Malaysia files criminal charges against Goldman Sachs over 1MDB misuse
Bank denies wrongdoing – charges due to misappropriation of $2.7 billion from bonds.
Goldman Sachs
Goldman Sachs and Morgan Stanley go live with CLSNet
Automated FX services on the blockchain.
Goldman Sachs acquires financial modelling firm ClearFactr
Bank boosts tech capabilities with purchase of one-man operation.
Goldman Sachs and Ayco in huge financial coaching deal with Google
Ayco will provide financial coaching to Google’s US-based employees.
Crux Informatics aims to expand with $20m funding
Technology is the crux of managing data…
Goldman Sachs leads $25m funding in blockchain paytech Veem
Veem living the dream with its payments platform plan.
Goldman Sachs to spin off Simon finance app
In advanced talks with several firms to sell its three-year-old app.
Goldman Sachs leads $52m funding round for JUMO
Goldman Sachs, Proparco and Finnfund come on board as JUMO’s new investors.
Goldman Sachs hasn’t dropped crypto trading desk plans
Well… this story has been updated.
Goldman Sachs’ lending platform Marcus coming to UK
Revealed in an internal memo… that is now everywhere.
Goldman Sachs leads Axoni’s $32m funding round
Blockchain technology firm basks in Series B round.
Even Financial raises $19m funding for new card tricks
Takes its total funding to $25 million.
11:FS Podcast: death is no excuse
11:FS Fintech Insider podcast featuring FinTech Futures’ Tanya Andreasyan.
Goldman Sachs kicks off Immersive Lab’s cyber training programme
Immersive Labs aims to help companies train their staff in cyber skills.
Low-code development platform OutSystems reels in $360m funding
OutSystems’ valuation has now surpassed $1 billion.
Paytech firm Marqeta raises $45m from Iconiq Capital and Goldman Sachs
Bringing Marqeta’s total funding to $116 million.
Goldman Sachs heads $250m funding round in Tradeshift
Firm says its valuation now stands at $1.1 billion.
Morgan Stanley bets on Brazil’s fintech lending boom
Follows the well-heeled footsteps of Goldman Sachs.
Apple and Goldman Sachs to unveil new credit card
Could be on its way in 2019.
Mortgage maven Trussle gets Goldman Sachs backing
Goldman Sachs among investors and part of £13.6m Series B funding.
Goldman Sachs acquires personal finance app Clarity Money
Brings over one million customers to its online lending platform Marcus.
Fintech start-ups acquired by banks – CB Insights
2017 saw more acquisitions by top US banks than any other year.
Where top US banks are betting on fintech – CB Insights
Research company CB Insights has mapped out where the top ten US banks are investing in fintech.
Financeit recapitalisaton gives Goldman Sachs majority stake
Point of sale (POS) financing provider Financeit completed an investment round with existing shareholder Goldman Sachs
VTB applies for UK banking licence, selects core banking system
EXCLUSIVE: Russia’s second largest banking group, VTB, is looking to launch a retail banking business in the UK, Banking Technology understands. The bank has applied for a UK banking licence, to enable it to take retail deposits.
Fintech funding round-up: 13 September 2017
Quickly following on from the fintech funding round-up on 11 September, here’s more action in a concise form. Features InfoSum, Neyber, Goldman Sachs, Forward Partners and BlackRock. Data tech start-up InfoSum has added $5 million to its seed funding, taking the total raised to date to $8 million. Joining existing investors Mark Suster (Upfront Ventures) […]
Industry bullish on promise of fintech – Opimas research
Market players are bullish on the near- and longer-term promise of fintech, according to new research by Opimas, “Fintech Spending and Innovation in Capital Markets”. In 2017, it estimates fintech spending across all capital markets participants to exceed $127 billion.
Where top US banks are investing in fintech – CB Insights
Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. While investment activity dropped on a quarterly basis in Q1 2017, four of the last five quarters have seen over $1 billion invested into fintech start-ups in the US backed by venture capital firms.
Fintech funding round-up: 7 June 2017
Fintech funding can be an intense blur of money, jargon and unerringly similar expansion plans. Here’s a round-up that gets to the heart of the matter. Features Plynk, IHS Markit, Barclays, Goldman Sachs, HSBC, Morgan Stanley and Wahed. Ireland’s Plynk, a money messaging app, has revealed a Series A raise of €25 million. Led by […]
Top ten blockchain stories in 2016
It felt like there was a blockchain story every day in 2016, but we look back at some of the bigger stories with Banking Technology’s top ten! Microsoft and AMIS launch Asia’s first blockchain consortium Microsoft says it is also in “collaboration” with banks such as Ubon Financial, Cathay Financial Holdings and MegaBank to further […]
Fintech funding round-up: 20 December 2016
Because you’ve all been so good this year, here’s a fintech funding round-up to save you time… so you can eat and drink more over Christmas. Goldman Sachs, JP Morgan Chase and a group of other financial institutions including ICAP’s venture arm are finalising an investment in blockchain start-up Axoni, according to Reuters. New York-based […]
Infosys Finacle underpins Goldman Sachs’ new lending business, Marcus
Marcus, a newly launched online lending platform of Goldman Sachs, is running on Infosys’ Finacle core software. As Banking Technology exclusively reported earlier this year, Goldman Sachs has been working with Infosys on a new digital venture. The solution, which supports “the complete consumer loan-servicing lifecycle” at Marcus, is deployed in the cloud and hosted […]
Goldman Sachs leaves R3 blockchain consortium
Goldman Sachs has dropped out of the R3 blockchain consortium, according to the Wall Street Journal. The bank was one of nine original members of R3, but let its membership lapse. A spokeswoman for Goldman Sachs told the Wall Street Journal that it will continue to work with blockchain. No other details were forthcoming. As […]
Trouble in the R3 paradise?
More than 60 of financial institutions around the world (including many top-tier banks) are involved in the R3 consortium, with considerable financial and resource commitments. The international consortium promises to build a common blockchain-based platform – called Corda – but the end-result is still a number of years away.
Goldman Sachs launches new online personal loan platform, Marcus
Goldman Sachs has unveiled Marcus, an online platform offering unsecured personal loans to consumers. Named after Marcus Goldman, one of the firm’s founders, the platform provides consumers with a way to “consolidate their high-interest credit card debt”. Borrowers can apply for fixed-rate, no-fee personal loans of up to $30,000 for periods of two to six […]
Top fintech stories this week – 16 September 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Goldman Sachs goes blockchain for FX sake
All aboard the blockchain bandwagon – Goldman Sachs has filed a new patent application to use it on the foreign exchange (FX) market. The latest development follows on from late last year when Goldman Sachs made a patent application for a new virtual currency, dubbed “SETLcoin”, for “nearly instantaneous execution and settlement” of trades involving […]
Goldman Sachs in free software gambit
In a new gambit, Goldman Sachs is giving its most valuable software away for free to win more business from clients. In an interview with The Wall Street Journal, Michael Dubno, who was CTO at Goldman Sachs for 20 years, discussed how the investment bank makes “billions of dollars in well-timed trades, and sidestep billions […]
Top fintech stories this week – 10 June 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Goldman Sachs to underpin new digital bank with Infosys tech It’ll be the e-Finacle digital banking platform, Banking Technology understands. Infographics: The Euro 2016 guide to e-commerce In the spirit of that football tournament that starts today, we’ve got an e-commerce […]
Goldman Sachs to underpin new digital bank with Infosys tech
Goldman Sachs has recently launched a new digital bank, GS Bank. It accepts deposits from consumers and institutional clients, starting from just $1. Goldman Sachs is understood to be working with Infosys and its EdgeVerve division on this project, with the vendor’s e-Finacle platform as the underlying tech for GS Bank. Infosys’ spokesperson provided a […]
