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 @TechDayHQ: "A business has to be involving, it has to be fun, and it has to exercise your creative instincts." @richardbranson #Wednesd…

RT @TimeOutLondon: Are you a young filmmaker? @SadiqKhan wants you! https://t.co/tkyitSItS6 https://t.co/HRzBZV6vRU

#Tech as a driver for growth in a post-#Brexit world at #LTW 2017 @joelsonUK https://t.co/8YZqmqPk42

Google Alphabet's Schmidt: Here's why we can't keep fake news out of search results https://t.co/xnHkzKP1AQ https://t.co/8TnMwoKidD

Ben Kelly: Britain is nowhere near ready to walk away from the EU. But we can still avoid Brexit doomsday #premium https://t.co/sqTJAtkfFf

Tech.London Weekly

×