Banking

Goldman Sachs To Launch Mobile App For Consumers

Goldman Sachs, the Wall Street bank that has been offering more services to retail consumers in the last few years, is working on a mobile app for the iPhone.

Citing a job listing on the company’s website, Business Insider reported the bank is looking to hire mobile developers for its Consumer Finance Technology unit to build a “best of breed platform that is both elegant and powerful” for its retail bank which is completely digital. The report speculated the app will include Goldman Sachs services,  including Marcus, its online lending platform,  high-yield savings accounts and its soon-to-be-launched robo-advisor investing platform. “We are looking for an expert iOS developer to work on a greenfield enterprise-grade project delivered on iOS platforms.  Our goal in engineering is to facilitate the creative, iterative, and data driven creation of our all digital retail bank. As a Mobile Developer you will be working closely with our marketing team and UX designers to build mobile user experiences which will be A/B tested for effectiveness and impact to our clients. The code you write will reach millions and help redefine the firm,” the business ad read, according to Business Insider.


If the app launches, it will mark the first time Goldman Sachs has created a mobile product for retail banking customers.  It does have apps for its wealth management clients, employee recruitment and for monitoring investment markets.  A company spokesman declined to comment to Business Insider. Andrew Williams, vice president for corporate communications at Goldman Sachs, did tell the website: “We’re always interested in finding great tech talent, but we don’t have anything to announce.”  The Wall Street bank has been making a big push into the consumer side of the financial market.  In October, Goldman Sachs rolled out Marcus, and in June its CEO, Lloyd Blankfein, said it issued more than $1 billion in loans and is aiming to lend $2 billion by the end of 2017.  

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