A division of Goldman Sachs’ transaction banking business has reportedly stopped signing riskier fintech clients following a warning from the U.S. Federal Reserve earlier this year. The Fed raised concerns about insufficient due diligence and monitoring processes by Goldman Sachs when accepting high-risk non-bank clients. This division of Goldman Sachs provides banking infrastructure to fintech clients, including payment start-ups Stripe and Wise. The transaction banking business is part of the company’s Platform Solutions unit, which also includes credit cards and the fintech unit GreenSky, acquired for $2.2 billion in 2021.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}