Goldman Sachs to launch new products and services on Amazon’s cloud

by   |  VIEW 306

Goldman Sachs to launch new products and services on Amazon’s cloud

On Tuesday, the 3rd of December 2019, David S. Solomon, the Chief Executive of the New York city-based leading American multinational investment bank offering securities, asset managements, prime brokerage service alongside securities underwriting, The Goldman Sachs Group Inc., said in a conference that the leading US lender would roll out its new technology-based financial products alongside services for its institutional clients over the Amazon’s Cloud as early as next year.

Aside from that, the Goldman Sachs’ Chief Executive, Solomon had also added in his Tuesday’s (December 3rd) remark that the lender’s new products based on Marquee, Goldman Sachs’ Web services platform, would run on Amazon Web Services.

In point of fact, over the recent years, the 150-year old legendary Wall St. lender, had laid off millions of dollars as fresh investments over its Web service platform, Marquee, in a bid to make Marquee as a digital front-door for its trademark risk and data analysis tool.

Meanwhile, adding Goldman Sachs’ new fintech services would proffer utter elegance and simplicity to its institutional clients, Solomon said on Tuesday (December 3rd), “Historically financial technology has been powerful and fast but it has lagged behind consumer and high tech in terms of elegance and simplicity. It doesn’t have to be this way. We can do better but we’re not there yet. ”