In 2015, a tight-knit team of jeans-clad, tattooed software engineers worked feverishly inside Goldman Sachs, sequestered from the other technology teams. On November 17, they provisioned an account into the core billing system of Marcus by Goldman Sachs, the financial service firm’s foray into consumer banking.
The code executed perfectly. The team, led by CTO Boe Hartman, who joined the company from Barclaycard only months earlier, celebrated with cake.
Less than a year later, on October 17, 2016, Marcus booked its first account. Since then, the business has originated more than $5 billion in consumer loans and more than $55 billion in deposits across the U.S. and U.K., according to a Marcus spokesman.
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(Insider Story)
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