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 @FrenchTechLON: We are ready to go for #DiversityinTech ! We are looking forward to a very lively and interactive debate from our panel…

RT @MayorofLondon: I’ve again opened emergency shelters to ensure people sleeping rough have somewhere warm to stay through the cold weathe…

We're pleased to announce @Cocoon_Networks will be partnering with #LTW 2018! https://t.co/ArZqo8V2rp https://t.co/zspEyaXDiz

Running Windows 10? Here's how Microsoft plans to milk more profits out of its cash cow https://t.co/6Md3A4i2xX https://t.co/UmzkqyIt29

Opinion: Anbang Insurance is now controlled directly by the Chinese government. What does a blunt action like this… https://t.co/ei8yM8tTHs

Tech.London Weekly

×