Conference Presentation, Earnings Call, Keynote
Innovation - Goldman Sachs 2020 Investor Day
- Financial services are projected to undergo significant disruption over the next decade, driving all companies to scale technology investments to maintain competitiveness.
- Goldman Sachs anticipates leading this transformation by leveraging world-class financial heritage and technology to create a firm-wide innovation platform.
- The firm plans to generate durable, capital-light fee-based revenue by externalizing services, including risk management, trade execution, and digital consumer banking, as direct-to-client offerings.
- A dynamic innovation framework will be employed where opportunities are evaluated for buying, building, partnering, or investing, utilizing cloud technology and open source to harness external capabilities.
- Integration of quantitative trading into over 50 global markets is planned, connecting these capabilities to prime risk and operations while capitalizing on unique equity market heritage.
- Client engagement strategies will evolve to expand touchpoints from one to three through sales teams, digital portals, and embedded APIs, allowing developers to integrate Goldman Sachs services into their own workflows.
- The initiative aims to treat developers as first-class citizens to drive product consumption, remove operational heavy lifting for customers, and build stickier client relationships.
- Success is defined by achieving a more durable and higher-returning business mix supported by a platform flywheel that improves over time.
- Goldman Sachs expects to deliver results based on a long track record of performance, deep relationships with innovative companies, and the mature state of current technology.
- Progress toward this vision will be reported to the audience over the coming months and years.