White-shoe investment house Goldman Sachs is looking to expand its retail banking business. The investment house does take in consumer deposits, lends money, and offers most of the same services as the local bank around the corner. The company is well known as a securities power house that makes oodles and oodles of money trading paper. Today, it was announced that Goldman Sachs has purchased Clarity Money, a personal-finance app found in the App Store and the Google Play Store.
Using algorithms and AI, the Clarity Money app is designed to help users get a grip on their finances. It does …