Big banks bond with CommonBond for $750m lending spree
US firm to use money for in-school student lending businesses.
Goldman Sachs
Goldman Sachs leads $44m funding in US business credit start-up Nav
Other investors include Point72 Ventures and Experian Ventures.
Student loan firm Climb-s to $50m funding
US company gets investment from 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 hasn’t dropped crypto trading desk plans
Well… this story has been updated.
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.
Apple and Goldman Sachs to unveil new credit card
Could be on its way in 2019.
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
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.
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 […]
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.
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 […]
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 new electronic market-making unit for FICC
Goldman Sachs has launched a new FICC Systematic Market Making (SMM) unit. SMM will consolidate its e-trading assets and capabilities across FICC. The move was reported in an internal memo as reflecting changes in market structure and client needs. The memo, signed by several executives including group chief information officer Martin Chavez, says, “Our ability to […]
Goldmans, JPM and Morgan Stanley plan reference data utility
Goldman Sachs, JP Morgan and Morgan Stanley are building a reference data utility with SmartStream, which they say will provide data normalisation and validation for all asset classes. The project aims to reduce costs for consumers of data in capital markets by economies of scale.
Taking stock in fixed income
Fixed income markets have historically been a bastion of high-touch trading, with manual processes, large tickets and little standardisation. But as recent years have seen inventory slashed and balance sheets cut in face of rising regulatory pressure, finding liquidity has become more of a challenge. A group of banks are hoping to reinvigorate the market though a standardised messaging system.
Orchestral manoeuvres
When first reports of an integrated communications project that had attracted a $66 million investment from a consortium of banks led by Goldman Sachs appeared last year, there was an element of cloak and dagger about the enterprise. The truth is both more prosaic and more interesting according to David Gurle, chief executive and founder of the company behind it.
Markit masses support for open messaging service
Financial information services company Markit is aiming to create the largest financial markets messaging community and remove barriers to cross-market communication through its open messaging initiative and supporting technology, Markit Collaboration Services.
