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Goldman’s Reporting Revamp Spotlights Its Consumer Focus

PYMNTS

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consumer banking, overall, contributed $217 million in the September quarter, slightly above the $216 million reported in the June 2019 quarter.

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How Goldman’s Revamp Spotlights Its Consumer Focus

PYMNTS

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Consumer banking, overall, contributed $217 million in the September quarter, slightly above the $216 million reported in the June 2019 quarter.

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Fintech Deals to Watch: Back to School

Gonzobanker

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Lending Tech With Almost Steady Grades (Even With Rough Semesters). First, there was the drama leading up to the breakup with the rich hottie.

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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Morgan Enhances Virtual Cards Via Marqeta. In another bank-FinTech tie-up, J.P.

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LendingClub and Morgan Stanley, A Tale of Two Bank Deals

PYMNTS

The key here is that buying Radius Bank brings together two disparate companies with a presence in different markets. Radius Bank is not in the lending market, but has $1.4 Card and loan balances should rise over that timeframe from $7 billion to $20 billion — a figure that, of course, includes the Apple Card.

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Banks’ Earnings Show Digital Traction Amid Buoyant Consumer Spending

PYMNTS

With an eye on segment performance, she said JPMorgan Chase card, merchant services and auto revenue were up 9 percent driven by higher card NII on loan growth as well as the impact of higher auto lease volumes. Overall, international and North American consumer banking were up 4 percent, as measured by year-over-year revenue growth.

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The $500B Consumer Lifestyle Opportunity Credit Unions Are Missing

PYMNTS

The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers. As a result, she said, although credit unions are offering credit card products, they aren’t a central focus. Centralizing The Payments Experience.