Goldman Sachs

Acronis raises $147M from Goldman Sachs to expand its cyber security services – TechCrunch

When you hear the name Acronis, chances are you’re thinking about products like its disk cloning tool True Image or maybe its backup services. The company, though, wants you to think about cyber protection and all of its products (and their marketing) are now focused on this direction. To expand on this vision, the company …

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Fintech is behind the boom in personal loans and banks should take note – Econsultancy

The market for consumer loans in the US is booming. According to data from TransUnion, last year, the total amount of consumer loans outstanding hit a record $138bn, a 17% jump from the year prior. TransUnion says the “main driver” of this rapid growth is lending by upstart fintechs, which accounted for over a third …

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Non-Bank Lending: A New Asset Class That Should Be Part of Your Portfolio

By Jan Brzeski Most wealth managers today advise investors to maintain a diverse portfolio of stock and bond funds. However, there is one glaring problem with this advice: neither type of investment generates much income. Let’s use an example of a couple that wants $150,000 per year of after-tax income in retirement, without selling assets …

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