Goldman Sachs Continues to Invest in Marcus With New Initiatives

The Financial Brand looks into the new data gleaned from the recent Goldman Sachs investor day and concluded that their digital bank, Marcus, will become a force to be reckoned with; they recently launched their smartphone app and have announced new wealth management and checking account solutions will be coming soon; what has not been focused on is their possible expansion into banking-as-a-service; as they continue to invest more in tech Goldman Sachs, through the Marcus platform, is open to partnerships and collaborations that could include banking-as-a-service; as a company 46% of Goldman job postings are for positions in tech and with 47% of their $4 billion R&D budget going to new initiatives, we will likely see many new products coming from the banking giant in the future. The Financial Brand

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