Britain’s next challenger bank is… Goldman Sachs?

Sep 13, 2017 · thememo.com

Gettyimages 465691726 750x500

It's time to meet Marcus.

Not just an investment bank for the 1% anymore, Goldman Sachs is launching a digital savings account for ordinary Brits.

Forget having to meet with financial advisers, starting in mid-2018 the bank says it will unveil a mass-market digital account in the UK under the branding ‘Marcus by Goldman Sachs’ (named after the bank’s founder Marcus Goldman).

The move echoes what the iconic bank has been doing in the US, where it first launched a savings account and then followed up with a digital lending business aimed at competing with peer-to-peer lenders like Lending Club.

"Much like in the US, we’re aiming to offer consumers easy-to-use and higher-returning savings options than [they] might have elsewhere," Stephen Scherr, the bank’s head of strategy told The Financial Times.

Read Complete Article

RT @startupstowers: Are you looking to raise finance to fund your #startup or #scaleup? @L_pbusiness & @gotogrow_london show you how: https…

Inspiring to host talented tech entrepreneurs at the inaugural event of my TechInvest programme at City Hall this e… https://t.co/FKJY9C7Sj0

According to research from @TechCityUK, the Brit #digitalindustry was valued at a staggering £170b in 2015. Here ar… https://t.co/adit5uqWgt

@browserlondon are looking for a Digital Project Manager https://t.co/HyeCB2PFzY

Congress demanded NSA spying reform. Instead, they let you down https://t.co/066Og1T7jw https://t.co/L8kv3V8b60

Tech.London Weekly

×