deposits

Goldman Closes Marcus UK To New Deposits Amid Savings Surge

Goldman Closes Marcus UK To New Deposits Amid Savings Surge
Goldman Closes Marcus UK To New Deposits Amid Savings Surge
June 10, 2020  |  Digital Banking

A global savings surge amid the coronavirus lockdowns is forcing Goldman Sachs to shut off its Marcus savings accounts to new customers in the United...

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London Unicorn FinTech Revolut Rolls Out In The US 
London Unicorn FinTech Revolut Rolls Out In The US 
March 24, 2020  |  Digital Banking

London-headquartered FinTech Revolut is launching its app-based digital-only bank in the U.S. after attracting more than 10 million customers across Europe and the U.K. Get...

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FDIC Approves Square For Banking License
FDIC Approves Square For Banking License
March 19, 2020  |  Banking

The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank...

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Goldman Targets $125B In Consumer Deposit Balances In Five Years
Goldman Targets $125B In Consumer Deposit Balances In Five Years
January 29, 2020  |  Banking

Amid the targets for return on equity in the investment banking business, Goldman’s first Investor Day in the wake of a revamped operating structure placed...

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Revolut Offers High-Interest Savings Product In UK
Revolut Offers High-Interest Savings Product In UK
January 23, 2020  |  International

Global financial services startup Revolut is now offering U.K. customers a 1.35 percent AER interest rate with its new product, Savings Vaults, the company announced...

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Even Expands Pay Advance Offer To Include Goal-Based Savings
Even Expands Pay Advance Offer To Include Goal-Based Savings
January 23, 2020  |  Digital Banking

Financial wellness technology startup Even is rolling out a new savings solution that gives users the ability to target three goals at the same time,...

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This Week In Payments: New Frontiers — Visa And Plaid; Goldman And Marcus; And Big Doings ‘Bout SMB Payments
This Week In Payments: New Frontiers — Visa And Plaid; Goldman And Marcus; And Big...
January 17, 2020  |  Payments Innovation

With Retail’s Big Show in New York, earnings season kicking off and banks reporting on the State of the State 2019, there was no shortage...

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German FinTech Raisin Eyes US Launch Following Latest Acquisition
German FinTech Raisin Eyes US Launch Following Latest Acquisition
January 15, 2020  |  Partnerships / Acquisitions

European wealth management FinTech Raisin is planning to roll out in the U.S. following the acquisition of software company Choice Financial Solutions (Choice FS), Raisin...

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Small Chinese Banks Struggle To Stay Afloat
Small Chinese Banks Struggle To Stay Afloat
November 17, 2019  |  International

Following years of brisk expansion, China’s smaller financial institutions are seeing hard times as customers turn to larger banks and the local economy slows, the...

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