Friday, 31 January 2020

Goldman doubles down on Marcus with checking account

January 31, 2020
Hi Folks.
Goldman Sachs plans to add digital wealth management tools and a checking account to Marcus.
At Goldman Sachs' inaugural investor day earlier this week the company announced its plans to add digital wealth management tools and a checking account to Marcus in the next two years.

Goldman has demonstrated a continued commitment to its consumer banking initiatives in recent years, and the addition of a checking account in particular is further evidence of its ambition to make Marcus a one-stop-shop for consumer banking needs.

Launching the checking account could make Marcus more comparable to the digital offerings of major US banks that Goldman is trying to compete with.
Shelagh Dolan
Head of Content
Shelagh Dolan
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