Reuters Exclusive: Goldman Sachs on course to launch cash management in mid-2020

Reuters exclusively reported that Goldman Sachs targeted mid-2020 for the launch of its cash management business and was prepared to reward its clients with better rates on deposits than banks which now dominate that market. The global investment banking powerhouse and fifth-largest U.S. bank has been developing the required technology for six months and aims to start the service in the first half of 2020.