Goldman Sachs Group Inc. said it has appointed Jim O'Neill chairman of its $800 billion asset-management arm, a newly created role designed to leverage his "global perspective on world markets."

Proprietary traders within Goldman Sachs Group Inc.'s U.S. principal strategies equities unit are in talks to join other firms, according to a person familiar with the situation.

Goldman Sachs Group Inc. has agreed to a fine of nearly 20 million pounds ($30.7 million) as part of an investigation by the U.K.'s Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud.

The cooperative financial technology company will offer Ellie Mae’s Encompass all-in-one mortgage-management product.

Total loans rose 3% at the Minneapolis bank, but its net interest margin climbed 10 basis points. It also booked a one-time accounting gain of $910 million related to tax reform.

The New York bank has begun marketing Marcus loans as a way to pay for home improvements, while also raising the maximum loan size to $40,000.

With the advances in technology and digitization, and evolving security threats, it’s time for smarter, more robust authentication methods, says Entersekt's Dewald Nolte.

2020 has shown that the payment industry is flexible and resilient, and if 2021 throws our plans out the window, we'd better be equipped to adapt on the fly, says IDEMIA's Megan Heinze.

The pandemic may have served as a catalyst for rapid growth in contactless payments through wearable devices. It’s the combination of form and function, however, that will push wearable payments into further growth in 2021 and beyond, says Zeta's Bhavin Turakhia.