Goldman Sachs gains competitive edge with Marcus partnerships

Posted by deevika on October 31st, 2019

New technologies and regulatory changes have revived payment ecosystem and are constantly reshaping competitive landscape of traditional banking activities. New regulations such as stricter capital requirements and changes in consumer market, shift activities from banks to non-banks. Goldman Sachs is embracing technological innovations to expand its fintech sector. They are introducing their technological portfolio by hiring Artificial Intelligence talents and indulging into data offerings. Innovative and agile startups are responsible for these changes as industry leaders like Goldman Sachs want to maintain their dominance. An intelligence report titled, “Enterprise Tech Ecosystem Series: Goldman Sachs” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

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Goldman Sachs’s starts team that comprises of financial engineers and data scientists is working towards a unified engineering front that will directly deal with bankers and clients. Starts team have two major goals to achieve; to digitize banker’s workflow with tools that improve productivity and quality of life; to engage clients with technology in a data driven way. Innovation and technology is Godman Sachs future strategy for fintech where customers will rely on software to access money instead of bankers.

Technological advancements improve customer service

Technological advancements enable banks to achieve many goals that include better access and customer service, enhanced insight on risk management and customer service, enhanced agility, and strengthened control and operations. Goldman Sachs launched Marcus, loan and savings app to gain competitive edge in market. Efforts on Marcus are expected to increase in future with multiple strategies that include emergence as support for direct-to-customer products including loan and deposit product. Strategic partnerships are also being planned for Marcus to reach large number of consumers at a point of time.

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Internal capabilities and external partnerships are based on insights derived from vast data and drive Goldman Sachs towards innovation. Data scientists and programmers have replaced traditional analysts in the digitally transformed banking industry.

Goldman Sachs’ enterprise tech ecosystem series: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Goldman Sachs’ enterprise tech ecosystem series. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Goldman Sachs’ enterprise tech ecosystem series. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on Goldman Sachs’ enterprise tech ecosystem series.

An insightful and deep-dive assessment of the competitive assessment of the Goldman Sachs’ enterprise tech ecosystem series pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Goldman Sachs’ enterprise tech ecosystem series. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Goldman Sachs’ enterprise tech ecosystem series: Research Methodology

Primary sources and secondary sources propel intelligence report on Goldman Sachs’ enterprise tech ecosystem series that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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