GreenSky, a fintech lender and buy now, pay later (BNPL) provider, was acquired by Goldman in September 2021 in a $2.24 billion deal as it looked to furnish its Marcus banking app with the platform’s capabilities.
However, Goldman Sachs folded its digital bank offering Marcus into its wider asset and wealth management division in October 2022 as the firm shifted its focus away from its retail banking proposition.
Goldman has been working to scale down its retail banking activities and instead focus on three divisions: trading and investment banking, asset and wealth management, and a third division including transaction banking and other partnership operations including those with Apple.
