Google eyes consumer banking business in 2020
Silicon Valley tech companies are looking to expand their hold on customers and accumulate data on their finances
13 November 2019 - 18:42
New York — Google has partnered with Citigroup and a local California credit union to offer current accounts to its customers, a person familiar with the matter said, making it the latest Silicon Valley tech giant to muscle in on financial firms’ territory.
The product, code-named Cache, will launch in 2020 with Citigroup handling most of the financial and compliance requirements, the person said. The project has not been announced publicly. Customers can access their accounts through the company’s Google Pay app, the person said...
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