To mark the 150th anniversary of Goldman Sachs, documentary filmmaker Ric Burns chronicles the firm’s history from its founding after the Civil War up until today. Thank you for subscribing to BRIEFINGS: our weekly email about trends shaping markets, industries and the global economy. deleted this comment on November 15, 2018, How unwanted crowdsourcing can be the difference between life and death for the United States Department of Defense (DoD) and leads to Open Innovation in an insurgent war, DHL: Cracking Logistics with the help of Machine Learning. And the strength of the Mastercard network means Apple Card … GS: Get the latest Goldman Sachs stock price and detailed information including GS news, historical charts and realtime prices. Available at: https://www.pymnts.com/earnings/2018/goldman-sachs-digital-expansion-earnings/ I would be nervous that any security breach from one of the apps (like we see often on iphones) would cause extreme media backlash as we saw with Wells Fargo. Pay down high-interest debt with a no-fee personal loan. ... App Store Preview. Where Top US Banks Are Betting On Fintech. GS commitment to innovation is formidable, but “Joy’s Law” stipulates that no matter who you are, the smartest people work for someone else. Goldman’s son-in-law, Samuel Sachs, joined the company in 1882. GOLDMAN SACHS LAUNCHES NEW ONLINE PERSONAL LOAN PLATFORM; MARCUS BY GOLDMAN SACHS FOCUSES ON HELPING PEOPLE MANAGE CREDIT CARD DEBT. Through in-depth interviews with leaders of the firm past and present, the films explore the evolution of Goldman Sachs and the global economy across a century and a half of growth, change and innovation. HBS Gender Initiative Director Colleen Ammerman has a question for you. [Accessed 11 November 2018]. Simultaneously, a 2.1% gap between the federal funds rate and the non-jumbo[4] savings rate has enticed new players to enter digital retail banking (figure 1), including Marcus by GS[5]. [5]The Economist, 2017. Currently, GS innovation strategy can be divided into FinTech investments and an internal open innovation crowdsourcing, named GS Accelerate[11]. Some error occurred. How to manage outside innovation. Available at: https://fred.stlouisfed.org/series/SAVNRNJ If GS seeks to increase retail revenue to $5 billion[13], GS will need to rely on more than its internal innovation, and leverage a larger scale community to quickly and effectively scale. [1]Goldman Sachs, 2016. Homepage. The Goldman Sachs Events app provides the latest information on various firm events to registered attendees. Student Modified Nov 13, 2018 Next: How unwanted crowdsourcing can be the difference between life and death for the United States Department of Defense (DoD) and leads to Open Innovation in an insurgent war. [16]K. Boudreau and K. Lakhani. [13]The Economist, 2017. [10]Federal Deposit Insurance Corporation, 2018. Figure 1 – A comparison of the Federal Funds Rate vs. the Non-Jumbo Savings Rate from 2009-2018 [9],[10]. With over 250 FinTechs clamoring for customers in an increasingly crowded space (figure 3), GS Open could offer its digital first platform, Marcus, as a base for FinTechs to provide a broad suite of services. [3]The Economist, 2017. MIT Sloan Management Review 50, no. Figure 2 – Where the top 10 US banks are investing in FinTech[14]. [Online] [Online] Goldman Sachs Group Inc is launching a digital wealth-management platform that allocates and rebalances customers' wealth across portfolios of stocks and bonds. 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