Goldman Sachs' global head of consumer, Harit Talwar, recently said the banks' consumer finance business, Marcus, is inspired by how Amazon and iTunes disrupted their respective industries.
David Haber, Goldman Sachs' vice president of strategy and corporate development, spoke last month about how Marcus has a unique opportunity to serve as a distribution platform or back end for companies outside of financial services.
In a video posted this week on Goldman's website, Harit Talwar, Goldman Sachs' global head of consumer, said the firm is looking directly to Seattle and Cupertino, California, the homes of the two tech behemoths, for inspiration in growing its consumer banking footprint.
He spoke with Goldman CEO David Solomon on a recent episode of Catch-Up With David about what lessons could be learned from how other companies have disrupted their own industries.
"Not only are we building our direct to consumer business, but we also want to distribute our products where consumers work and places where they shop," Talwar said.
Goldman hired Scott Young from Citigroup in 2017, and he now oversees their partnerships business.