FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Goldman Sachs
Goldman Sachs snaps up retirement robo-advisor NextCapital
The transaction is expected to be completed in the second half of 2022.
Goldman Sachs’ veteran tech head Nash Panchal to take over as MarketAxess CIO
MarketAxess COO says Panchal brings “impressive record” of leading global tech organisations.
Credit Suisse poaches Goldman Sachs’ Joanne Hannaford to lead technology & operations
Hannaford spent 25 years at Goldman Sachs in London and New York.
Goldman Sachs partners AWS for cloud data management and analytics solution
New offering is designed for hedge funds, asset managers and other institutional clients.
AmEx and Goldman Sachs partner to deliver cloud-based corporate payments platform
The platform will support multiple payment options and offer data and analytics dashboards.
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Goldman Sachs gets green light for total ownership of Chinese venture
Goldman becomes the second US bank to buy out its Chinese mainland joint venture partner.
Marcus chairman Harit Talwar set to retire in October
Talwar leaves his role after six years and the launch of his consumer project.
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Goldman Sachs acquires BNPL firm GreenSky in $2.2bn deal
US bank aims to furnish its Marcus app with new capabilities.
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Goldman Sachs to acquire asset management firm NNIP in $2bn deal
US bank continues drive towards new revenue streams.
Goldman Sachs hires AWS exec to boost asset management division
Kamlesh Talreja joins to improve client experience for Goldman clients.
Fiserv partnership with Goldman Sachs brings initial B2B payments offering
The two companies have forged a strategic relationship which will see additional combined solutions.
BNPL firm Zilch raises additional $110m in Series B extension
The funding has been led by Goldman Sachs Asset Management and DMG Ventures.
Apple reportedly in talks with Goldman Sachs to launch BNPL service
Goldman Sachs has been Apple’s partner for the Apple Card credit card since 2019.
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Goldman Sachs partners with Visa for cross-border payments
The partnership aims to streamline the bank’s existing systems for both commercial and corporate clients.
Goldman Sachs leads $45m funding round in auto finance specialist MotoRefi
Funding follows strong growth over the last twelve months for US-based company.
ComplyAdvantage extends funding round with Goldman Sachs investment
The funding is an extension of its Series C funding round from July 2020.
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UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
Goldman’s consumer head Omer Ismail leaves for Walmart’s fintech venture
Ismail architected the firm’s move into consumer digital banking.
Goldman winds down Clarity Money to focus on Marcus Insights
Clarity Money is due to close on 5 March.
Goldman picks Marqeta to power Marcus current account rollout
Marcus plans to launch its new accounts later this year.
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
FCA and PRA fine Goldman Sachs £96.6m for 1MDB scandal
The investigation found that GSI breached a number of FCA and PRA principles and rules.
Three major US banks make up half of 2020’s $11.39bn fine total
Together, Goldman Sachs, Wells Fargo, and JPMorgan Chase paid $7.85 billion of this total.
Goldman Sachs to buy General Motors’ credit card portfolio
Goldman reportedly beats Barclays to nab consumer credit pool worth $8.5bn.
Goldman Sachs launches transaction banking service with Volante
The new cloud-based system is an “industry first” according to the pair.
FinnovateFall 2020: Digital tools creating a new kind of banking customer
Marcus executive says banks must prepare for a post-COVID world.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Goldman appoints Mathew McDermott as head of digital assets
An old-school banker takes a digital currency role at Goldman.
Goldman Sachs signs multi-year deal with Publicis Sapient
The consultancy firm is both a client and partner for new Goldman platform.
Marqeta plans 2021 IPO
The Oakland, California firm is tapping up investment banks.
Documentation firm H4 snags $27m in funding from Goldman, JP Morgan, Barclays
H4 claims that documentation in capital markets is ripe for change.
Goldman Sachs says crypto is “not a suitable investment” on invite-only call
Bitcoin reclaimed its $10,000 territory on Monday.
Major banks assess COVID-19 working from home policies
A list of how some major banks are responding to COVID-19 remote working policies.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
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