Goldman Sachs held their investor day yesterday, opening up about their future plans; the bank has not been shy about...
Goldman Sachs was always seen as one of the smartest shops on the block but some of that thinking has...
I dig deeply into the $5.3 billion acquisition of data aggregator Plaid by $500 billion payments network Visa. We examine why this deal is worth 25-50x revenue, while Yodlee's sale to Envestnet was priced much lower. We also look at how Plaid could be an existential threat to Visa, and why paying 1% of marketcap to protect 200 million accounts may be a good bet. Broader implications for product manufacturers across payments, investments, and banking also emerge -- the middle is getting carved out, and infrastructure providers like Visa or BlackRock are moving closer to the consumer.
Asset management divisions within big banks have always been a solid revenue source but recently they have taken on greater...
Marcus is different than many fintechs who started off by offering an app-first experience; the bank has finally launched their...
The long time secretive bank is now opening up on future plans in an effort to win over investors. Today,...
Branchless banks have started to show their staying power when it comes to deposits in recent quarters even as they...
It took three years for Marcus to bring a mobile app to market which many would agree is a long...
Goldman Sachs slowed originations for their personal loan product through Marcus after they launched the Apple Card; “The slowing pace...
In this week’s PeerIQ Industry Update they cover the concerns former Fed Chair Ben Bernanke raised about the neutral rate...