Fintech Insider Podcast by 11:FS cover image

672. News: Will Goldman Sachs call time on Marcus?

Fintech Insider Podcast by 11:FS

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Goldman Marcus

Goldman is like the most Wall Street of Wall Street banks. It's not, you know, they tried to do this pivot with Marcus and appeal to the really everyday average consumer but that's not where their strength has historically been. So it makes a lot of sense that they're taking a lot of these products and then saying we're going to apply it to some of our existing partnerships and our existing customers. They have their work place offering and that's been pretty successful for them. And so I think this is really them just focusing in realizing first of all how expensive it is to build some products like checking accounts,. realizing what the challenges are and deciding that they're going to pivot and focus

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