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REUTERS/Brendan McDermid
Walmart just poached two senior Goldman Sachs execs focused on the bank s consumer business.
The retail giant previously announced the launch of a fintech venture with Ribbit, but has yet to share specific details.
Experts say the fintech could provide key opportunities for Walmart, but also open the door to some risk.
Walmart isn t just slicing the surface of fintech. All signs indicate that it is diving in deep on a mysterious new venture that will heavily feature efforts around consumer-focused banking services.
The clues are all there. Walmart just poached two top executives from Goldman Sachs who held key roles within its burgeoning consumer business, Marcus. That news came just over a month after the retailer announced it would launch a fintech venture with investment firm Ribbit, while remaining mum on any details, including the project s name.