Rene van Pelt’s Post

Check out Goldman Sachs recent investor day presentation👇 Goldman Sachs' Platform Solutions business, consisting of Transaction Banking and Consumer Platforms, had negative net revenues of USD 1.5bn in 2022. However, Transaction Banking has grown to USD 65bn in average deposits (+50% for the year), and the average loan balance in Enterprise Partnerships more than doubled during 2022 to USD 13bn, with ~12m active customers as of Q4. Compared to these two pillars, the average serviced portfolios' size in Merchant PoS Lending has merely increased by around 13% to USD 9.8bn. With a pre-tax breakeven targeted for 2025, the efficiency ratio should drop below 100% during 2023. #banking #goldmansachs #digitalbanking #lending #bankingindustry #bankingtechnology #banktech #futureofbanking