Goldman Sachs mulls potential sale of BNPL fintech GreenSky
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
“The concept of being broad, with a consumer footprint, is not really playing to our strength,” says CEO.
Talwar leaves his role after six years and the launch of his consumer project.
the UK makes up just under a third of Marcus’ $100 billion deposit total globally.
Goldman says it picked Birmingham because of its talent pool and proximity to London.
Ismail architected the firm’s move into consumer digital banking.
0.5% is the highest paying easy-access rate in the UK.
Clarity Money is due to close on 5 March.
This isn’t its first challenger start-up foray.
Marcus plans to launch its new accounts later this year.
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
Marcus executive says banks must prepare for a post-COVID world.
Tune in to find out an eyebrow raising banished buzzword in another rendition of ‘Fintech Jail’!
Since January, Marcus has seen more than £8 billion inflow.
On 19 March, the Bank of England cut its base rate to 0.1%.
Its partnership with Apple has taken some of the momentum away from Marcus.
The app was designed to be Goldman Sachs’ eventual main mobile face.
Revealed in an internal memo… that is now everywhere.
Brings over one million customers to its online lending platform Marcus.
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.
Banking Technology puts the banking innovation in the US under the spotlight. The market is not short of digital offerings: Simple, Moven, Kabbage, Acorns, Earny, Debitize, MagnifyMoney and more – take your pick!
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 […]