Markets

Goldman Sachs is quietly launching its retail bank Marcus in the UK

Goldman Sachs is launching its online retail bank Marcus to UK staff. A full roll-out will follow “in the coming weeks.” Goldman launched Marcus in the US in 2016 and it has since written over $US2 billion worth of loans. LONDON – Goldman Sachs on Thursday soft-launched its online retail […]
Goldman Sachs is quietly launching its retail bank Marcus in the UK
News

Brits are souring on app-only startup banks

A survey found 54% of people in the UK say they would use an app-only startup bank, down from 78% in the middle of last year. A similar decline was found in global attitudes. More consumers are turning to digital banking despite the findings, suggesting they favour digital offerings from […]
Brits are souring on app-only startup banks
News

Virgin Money is starting its own digital challenger bank

Virgin Money spent £38.3 million developing a new digital bank last year. It will offer current accounts and savings products. Testing starts later this year. Virgin Money’s income rose 13.5% last year and pre-tax profit rose by 28%. LONDON – Virgin Money spent £38.3 million last year developing a digital […]
Virgin Money is starting its own digital challenger bank
News

Revolut hits 1.5 million customers as break-neck growth continues

Foreign exchange and banking services app Revolut now has 1.5 million downloads. Startup broke even in December but says profitability isn’t a priority right now. Monthly transaction volume currently at $US1.5 billion, up 700% in the last year. LONDON – Fintech startup Revolut now has 1.5 million customers and broke […]
Revolut hits 1.5 million customers as break-neck growth continues
Next Page »