5 trends we’re watching this week
[alert type=yellow ]Every week at Tradestreaming, we’re tracking and analyzing the top trends impacting the finance industry. The following is a list of important things going on we think are worth paying attention to. For more in depth trendfollowing, subscribe to Tradestreaming’s newsletters .[/alert] 1. 5 things Goldman Sachs’ new online consumer bank is not (Tradestreaming): Goldman Sachs is pretty serious about growing its consumer banking. The bank has bought GE consumer banking business, hired some serious industry players to take the helm and now, Goldman has launched internet banking. Opening a GS bank account online with a $1 min could seriously appeal to the 99% who don’t bank with the firm. But the new online offering, well, isn’t much to write home about… 2. Could Apple be your next bank? (The Financial Brand): Is the opportunity to provide a better user interface for banking services a potential for Apple in the future? If so, what are the risks to the legacy banking system? 3. Slowdown in marketplace lending? Maybe, but digitization is on fire (Tradestreaming): The growth of marketplace lending is certainly slowing by most accounts. But contrasting all this talk about a slowdown in online lending, technology providers that service the industry are saying that they aren’t seeing any of it, though. That's because they're hard at work helping marketplace lending platforms securitize their offerings. 4. 6 awesome things hit show Billions says about today’s financial industry (Tradestreaming): Part of Billions’ appeal is its genuinely realistic portrayal of the financial industry: from the fleece vests traders wear, to the games played on the trading floor, to the lingo used discussing a trading idea in front of a Bloomberg machine. The show is amassing a strong following in the financial community and the show's plot does a good idea highlighting nuances only industry insiders could pick up on 5. Christine Duhaime: Iran to take leading tech role as it rejoins the global finance community (Tradestreaming): The international business and finance community has identified an enormous market of opportunity in Iran, and believes the time is rapidly approaching that open trade is becoming a reality. Iran appears serious about building out a fintech hub. Christine Duhaime, who's helping to connect the international finance community with the emerging country, provides her perspective on what's going down.