How and why the payments industry will experience massive growth over the next five years

The payments ecosystem is undergoing a period of digital transformation, which will spur tremendous growth in money moved around the globe in the next five years. Consumers and businesses will make 841 billion noncash transactions worldwide in 2023, up from 577 billion in 2018. The next five years will mark a pivotal transformation in how […]

Continue Reading

Goldman and Google are partnering on a digital wealth offering — and it’s a template for the bank’s ambitions to manage money for the masses (GS)

Goldman Sachs is growing a little-known business called Ayco that works with corporate HR departments and will play a big role in its ambitious revenue plans. “Ayco is a big driver” of the more than $1 billion slated to come from individual clients of Goldman’s asset management business by 2020, said Eric Lane, a division […]

Continue Reading

$2.5 billion Sequoia-backed Utah startup which promises to make ‘brands into religions’ just filed to go public

Qualtrics, a Utah-based startup, filed to go public on Friday. The startup, which is backed by venture capital firms Sequoia and Accel, was last valued at $2.5 billion. The IPO is being led by Morgan Stanley and Goldman Sachs. This story is developing. Refresh the page or click here for the latest update. SEE ALSO: […]

Continue Reading

‘You are messing with the wrong guy’: The CEO of Cleveland-Cliffs eviscerates Goldman Sachs analyst and short sellers (CLF)

Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company’s third-quarter earnings call to attack a Goldman Sachs analyst and short sellers. It’s not the first time Goncalves had a contentious moment with an analyst on an earnings call. Watch Cleveland-Cliffs stock trade in real time here. The CEO of the American iron-ore mining company […]

Continue Reading

The Mega Millions jackpot just hit $1 billion — here’s how to play

The Mega Millions jackpot for Friday evening’s drawing just hit $1 billion. That’s the biggest prize in Mega Millions history. The drawing is scheduled for 11 PM EST Friday. Tickets cost $2 each, and players choose five numbers between one and 70 and an extra number between one and 25. The Mega Millions jackpot just […]

Continue Reading

Former GE and NBC exec Beth Comstock can credit much of her success to learning to ‘wallow in ambiguity’

Beth Comstock spent 27 years at General Electric, also working for its former NBC properties, rising to the position of vice chair. She recently wrote the memoir and career guide “Imagine It Forward.” Comstock said that she owes her success to learning to exist with ambitions that can sometimes leave her uncomfortable and living with […]

Continue Reading

Here’s how the regtech landscape is evolving to address increasing compliance needs

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Regtech solutions seemed to offer the solution to financial institutions’ (FIs) compliance woes when they first came to prominence around 24 months ago, gaining support from regulators and investors […]

Continue Reading

Sears is reportedly betting on a lifeline from its controversial former CEO to keep it from liquidating in the next few weeks (SHLD)

Sears is about to find itself in a dire cash situation, according to court filings reported by Bloomberg. The company is relying on a $300 million bailout from former CEO Eddie Lampert. Without this, it could be forced to liquidate in as soon as two weeks from now. The department store has been closing stores […]

Continue Reading

Scientists say winning the lottery does make people feel better about life — even though decades of evidence suggests otherwise

Lottery winners in Sweden are more satisfied with life than those who lost the lottery, says a new study by scientists in Sweden and the US. What’s more, that boost in satisfaction doesn’t fade over time, according to the study. Previous studies have found that winning the lottery doesn’t ultimately change our life satisfaction or […]

Continue Reading