Goldman Sachs Partners with Marqeta to Create Checking Accounts

Goldman Sachs Partners with Marqeta to Create Checking Accounts

Goldman Sachs has recently announced that it has teamed up with Marqeta, the FinTech start-up – in order to build the US bank’s Marcus checking accounts that are set to launch in 2021.

Marqeta noted that Goldman Sachs plans to leverage its card-issuing platform to launch digital checking accounts for Marcus customers. Both the parties hope that this strategic partnership will allow creating personalized, feature-rich digital banking solutions for their customers.

Simply put, the technology will enable to issue of debit cards that are connected to the bank account. This will expand the Marcus consumer portfolio for digital-first banking that can yield innovative FinTech solution.

Source: Reuters