An ex-Goldman Sachs MD behind Marcus has joined a payments firm
Since Goldman Sachs announced plans to narrow the remit of its consumer bank, Marcus, technologists that worked in the team have popped up in a variety of places. Nadeem Kayani left for another bank long before Goldman soured on the product, but now he's leaving banking altogether.
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Kayani is joining Cardworks, best known as a subprime credit card lending firm, as its chief information officer. He spent the last four and a half years at Wells Fargo in a variety of roles; most recently, he was the bank's chief of generative AI product and engineering. Before that, he also acted as CIO for its marketing technology team, as well as its credit cards and merchant services divisions.
At Goldman, Kayani held multiple consumer-focused engineering roles over a seven-year period. He was latterly global head of consumer solutions engineering but also worked as head of card core systems at the time the bank first launched its partnership with the Apple Card.
Other MDs that worked on Marcus have gone to JPMorgan, whose own digibank project Chase appears to be thriving. Jeremy Hanson joined the bank back in 2023 as its head of Chase risk technology, while Isabella Disler joined as JPMorgan's global head of observability earlier this year. They're presumably in the office five days per week, while Kayani's new job is hybrid.
Cardworks brought in multiple banking alums earlier this year from fintech Ally Financial after the firm acquired its credit card business Fair Square for $2.2bn. Arrivals from Ally are predominantly Bank of America alums; Fair Square CEO Rob Habgood previously co-ran the bank's credit card business.
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