Fundation Group LLC, a digitally-enabled lender and credit solutions provider, today announced that it has obtained a $100 million asset-backed credit facility from Goldman Sachs.
America's biggest banks are joining forces to combat the growing threat from cybercriminals, setting up a group that will work on preparing for attacks and improving information sharing, according to the Wall Street Journal.
Visa, MasterCard, WorldPay and others in the payments sector can relax: Bitcoin will remain a niche player and blockchain technology poses little risk, according to a new report from Credit Suisse, which has less comforting news for Swift.
A 98% fall in second quarter earnings has led Deutsche Bank to warn investors that it may need to cut more costs
Goldman Sachs Investment Partners has led a $44 million funding round in Plaid Technologies, a platform that lets the likes of Venmo and Transferwise connect with their users' bank accounts.
The use of blockchain technology for clearing and settlement in the cash equities market could save banks around the world $6 billion a year, mainly through lower headcounts and back office IT costs, according to a Goldman Sachs report.
Goldman Sachs is looking to expand its customer-base beyond the super-rich through the launch of an online retail bank where average Americans can open a savings account with just a $1 deposit.
Goldman Sachs announced that Goldman Sachs Bank USA (“GS Bank”) has acquired the online deposit platform of GE Capital Bank (“GECB”), and assumed approximately $16 billion of deposits.
Persado, a self-styled "cognitive content generation platform" for digital marketing, has raised $30 million in a Series C funding round led by Goldman Sachs.
M_Service, the operator of Vietnamese mobile money outfit MoMo, has raised $28 million in funding from Goldman Sachs and the private equity arm of Standard Chartered.
© Finextra Research 2016