GOLDMAN’S SIMON SAYS $75MN Goldman Sachs are reportedly trying to sell a stake in one of their fintech ventures, Simon, valuing it at $75mn. Simon, which stands for Structured Investment Marketplace and Online, is a web based app that allows investors to gain knowledge about structured investments and execute transactions. This eradicates the need for clients to call structured-products desks and in turn saves time. Banking foe JP Morgan have partnered up with IBM in a bid to create their own rival to Simon, yet by selling a part of this venture to an independent investor GS hopes it will ‘encourage’ other banks to use the platform by giving it a ‘neutral sheen’. GS have been looking into, and invested in many fintech ventures such as Marcus, an online personal loan provider. They hope that by engaging in these ventures it will enable them to become the Google of Wall St. #SpartanInternational