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Page 7 - Victor Chatenay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Goldman Sachs Marcus makes a splash in the robo-advisory pool

Much like other robo-advisors,  Marcus Invest will offer portfolios with low-cost stock and bond ETFs, including Goldman Sachs ETFs, based on users risk tolerance and goals. The Marcus 5 million customers as of last September and already offers a savings account, consumer loans, and a personal finance management tool. The latest launch broadens Goldman s fintech offering into a new growth area, creating cross-selling opportunities among a wider consumer base. With Marcus Invest, the bank can capitalize on a booming sector over the coming years to drive customer acquisition: Insider Intelligence  expects that $830 billion will be invested in robo-advisors in North America by 2024, up from $330 billion in 2019.

Lemonade added Bestow s term life insurance coverage

Ant Group submits to Chinese regulators for restructuring

The UK Open Banking regime is celebrating three years

The UK s Open Banking regime has turned three years old. This marks an opportunity to look back at its successes so far and the challenges it faces post-Brexit. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. The UK s Open Banking Implementation Entity (OBIE) has marked three years since open banking went live across the UK and Europe, per a press release seen by Insider Intelligence. Since the EU s PSD2 came into effect on January 13, 2018, regulated third-party providers (TPPs), such as fintechs, can integrate with banks APIs to access consenting customers bank data and offer financial products.

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