David Solomon

Goldman Sachs’ global head of consumer, Harit Talwar, recently said the banks’ consumer finance business, Marcus, is inspired by how Amazon and iTunes disrupted their respective industries.
David Haber, Goldman Sachs’ vice president of strategy and corporate development, spoke last month about how Marcus has a unique opportunity to serve as a distribution platform or back end for companies outside of financial services.
Both comments suggest executives view Marcus as eventually serving as a digital hub for consumer finance.

Goldman Sachs’ consumer finance business may only be three years old, but the bank’s execs already have ambitions of making as big of an impact as two other giants in their respective industries: Amazon and Apple.

That’s the message to come out of three recent interviews Goldman execs have given. In a video posted this week on Goldman’s website, Harit Talwar, Goldman Sachs’ global head of consumer, said the firm is looking directly to Seattle and Cupertino, California, the homes of the two tech behemoths, for inspiration in growing its consumer banking footprint.

“We are trying to do with the brick and mortar traditional retail banks what Amazon did to the retail brick and mortar industry, or iTunes did to …read more

Source:: Businessinsider – Finance


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