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Marcus

digital transformationmega banksneobankroboadvisor
·Oct. 7, 2019

Fintech Price War — Goldman’s $1.3B Marcus burn, Neobank £200MM loss, ETrade’s $75MM trading fees

We are like the hungry at the all-you-can-eat buffet. In the beginning, there is not enough! Let's democratize access to food; to music; to transportation; to healthcare; to finance; to payments; to banking; to lending; to investing. The billions in institutional capital across universities, pensions, and sovereigns are delegated to smart portfolio managers. The day before yesterday, it was allocated by small cap stock pickers (hi Warren!). Yesterday, it was the alternative managers of hedge funds and private equity. Today, it is the trading machine and the venture capitalist. Tomorrow, it is the cryptographic artificial intelligence.

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EuropeFintechNews Roundup
·May. 15, 2018

Marcus Looks to Expand to Germany after UK Launch

As Marcus looks to launch a UK savings product soon the bank is already eyeing additional European markets; they plan...
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FintechNews RoundupUSA
·Apr. 17, 2020

From the LendIt Fintech Vault: Boe Hartman of Marcus on The Future of Technology & Banking-Challenges Facing Online Platforms Today & What Lies Ahead

At LendIt Fintech USA 2019, Boe Hartman, the CTO of Marcus, revealed in a keynote stage interview that Marcus was...
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FintechNews RoundupUSA
·Jan. 30, 2020

Goldman Sachs Hosts First Investor Day, Shares Plans for 2020 and Beyond

Goldman Sachs held their investor day yesterday, opening up about their future plans; the bank has not been shy about...
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Peer to Peer Lending
·Oct. 13, 2016

The Goldman Sachs Consumer Lending Platform Called Marcus Has Launched

The long awaited consumer lending platform from Goldman Sachs, called Marcus, has launched today. We have written about the Goldman...
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FintechNews RoundupUSA
·Feb. 18, 2020

Consumers Show Big Appetite for Marcus Checking Account

According to a survey by Cornerstone Advisors 8.2 percent of respondents said they will open a checking account with Marcus...
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FintechNews RoundupUSA
·Jan. 20, 2020

An Interview with Adam Dell, Head of Product at Marcus

It took three years for Marcus to bring a mobile app to market which many would agree is a long...
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FintechNews RoundupUSA
·May. 22, 2018

Goldman Using Subprime Borrowing to Understand Credit Cycle

In early 2018 we learned that more than 80% of borrowers taking up loans with Goldman Sachs’ Marcus had FICO...
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FintechNews RoundupUSA
·Apr. 30, 2019

Goldman CEO Says Technology Transformation Will Take Time

Technology investments at big banks like Goldman Sachs will take time to pay off; CEO David Solomon speaking at the...
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asset managementdigital securities / STOfixed incomep2p & crowdfunding
·Feb. 10, 2020

Can the $4 Trillion municipal bond market be a digital asset in your pocket?

I reflect on ConsenSys acquiring a broker/dealer focused on municipal bonds, and why we believe that blockchain-native platforms are a fantastic fit for this $4 trillion asset class. Can direct holding of franctional munis enable deeper community participation and usage of common resources? Are there new sources of liquidity to unlock? At the same time, there are real dangers. I compare the evolution of digital lenders and their funding sources against the current possibilities in municipal bond markets. We also look into the reasons that some innovative Fintechs have failed to achieve their stated missions, and what can be learned and done better.

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