08 Aug Goldman launches new online lending strategy for mass affluent
Goldman Sachs Group Inc is launching a new digital platform where customers of other wealth management firms and brokerages can apply for loans, the bank said on Thursday.
The platform, called GS Select, will make loans of $75,000 to $25 million using borrowers’ investment portfolios as collateral.
“It’s a relatively lower risk marketplace but a very big market,” Andy Kaiser, head of Goldman’s private bank, said in an interview.
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