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Walmart gets fintech jump on Amazon but headwinds imperil pricey launch of new venture, even with Robinhood VC backer and top Goldman talent on board

The Bentonville, Ark.-based big-box retailer is likely bidding to become a bank, again. It also just trashed Goldman Sachs robo-bank, Marcus, by nabbing two top executives.

Author Oisin Breen March 8, 2021 at 11:04 PM
1 Comment
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Omer Ismail has swapped a position as Goldman's retail banking chief, to lead Walmart's financial technology venture.

Robo-Advisors


J L Livermore

J L Livermore

March 9, 2021 — 12:17 AM
Mr. Breen, Last time I heard something like this I had to give Frank Woolworth a slap on the back of the head to recall him to his senses. The thought of 5th wheel Fanny and Diesel Dan stopping in for a load of cheezy fries and a helping of TIPS is ludicrous. JLL

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Betterment, LLC
Financial Planning Software
Top Executive: Jon Stein



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