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Scoop.it!
Goldman Sachs is pushing further into the UK retail market, co-leading a £45 million funding round for digital wealth management startup Nutmeg. 
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Scoop.it!
Digital only bank Marcus continues to gain traction in both the US and the UK. During the Q4 earnings call by Goldman Sachs (NYSE: GS) yesterday, the management team shared some additional insight into the Fintech's growth. Goldman, by the way, reported blowout numbers which
Vineet Anand's insight:
Marcus (Goldman Sachs) digital bank has harnessed $35 billion in deposits with nearly $7 billion from UK post a recent launch. Under its wealth management arm, likely a robo-advising service will be offered soon. No secret here, clients like savings rate of 2.25% compared with nominal of around say 0.01% offered by WF. This model will disrupt upcoming Neobanks as they venture from Europe to US in coming months including Revolut and N26!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Goldman's investment in Nutmeg presents an opportunity to bring wealth management to Marcus UK and US, in the near future!