Goldman Sachs has confirmed that its Marcus savings platform will be launching in the UK in the coming weeks.
It has initially launched exclusively to Goldman Sachs employees before its nationwide launch to allow it to gain feedback.
Marcus – which first launched in the US in 2016 – will offer an easy access online savings account for UK retail customers.
In an internal memo sent to UK employees, Goldman Sachs stated: “The launch of Marcus by Goldman Sachs in the UK represents an important milestone in the growth of Goldman Sachs’ consumer business, as well as continued diversification of the firm’s funding.
“Our initial offering aligns to one of Marcus' core tenets, offering transparent, simple and easy to use products that provide value.
“We look forward to building new relationships and meeting the savings needs of UK customers.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Tandem secures £15m investment for Hong Kong expansion
Tandem has secured £15m of funding from Hong Kong-based financial services group Convoy Global Holdings...
BBB appoints network director for devolved nations
The British Business Bank (BBB) has appointed Jennifer Donnellan to the new position of UK network director for devolved nations...
CYBG reports 5.6% SME lending rise
CYBG PLC has announced in its preliminary results that it has provided £7.2bn in SME lending during the year ended 30th September 2018...
Xero announces five fintech integrations
Xero has announced five major fintech integrations with Tide, Starling, TransferWise, Revolut and Soldo...
OakNorth plans to lend £3bn to UK SMEs in 2019
OakNorth has revealed that it plans to lend a further £3bn to UK SMEs in 2019...
Paragon BTL lending pipeline up 28.9%
Paragon Banking Group PLC has reported a 28.9% increase in its BTL lending pipeline for the year ended 30th September 2018...
George Osborne optimistic that Open Banking will be ‘dramatic’ to industry
George Osborne has claimed that the big banks won’t necessarily look to move more quickly towards Open Banking as it represented a competitive threat to them...
Santander launches 'invisible cinema' experience to help tackle fraud
Santander has launched an ‘invisible cinema’ experience to teach under-25s about the importance of keeping financial information safe...
New CEO joins Buckinghamshire Building Society
Gerard O’Keeffe (pictured above) has started his role as the new CEO at Buckinghamshire Building Society...
STB Commercial Finance expands North West team
Secure Trust Bank (STB) Commercial Finance has appointed John Copping (pictured above) as regional sales director for the North West...
300 companies sign up to Women in Finance Charter
A total of 300 companies have now signed up to HM Treasury’s Women in Finance Charter....