Google will enable users to access their bank accounts through the Google Pay app beginning next year, sources say.
Google is taking its deepest dive yet into the financial lives of its users with plans to roll out a checking account service.
The move is the latest sign of Silicon Valley’s determination to muscle in on financial firms’ territory, looking to expand their hold on customers and accumulate data on their finances. At the same time, it shows banks are more willing to pair up with technology companies in their quest to avoid getting shut out of the relationship entirely. In the Google arrangement, the financial institutions will handle most of the compliance requirements.
“This agreement has the potential to expand the reach and breadth of our customer base while complementing our continued investments in digital,” Citigroup said in a statement.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Google Pay to offer checking accounts through Citi, Stanford FederalSilicon Valley's tech titans are moving deeper into finance with sources saying Google will be the latest to offer checking accounts
Baca lebih lajut »
Google is getting into banking with the search giant set to offer checking accounts next yearThere needs to be “very strict scrutiny” on Big Tech entering new businesses, Sen. Mark Warner says. Here's what he thinks about Google getting into banking and its Fitbit acquisition.
Baca lebih lajut »
Google Reportedly Plans To Offer Checking Accounts Next YearGoogle becomes the latest tech giant to push into finance.
Baca lebih lajut »
Google Reportedly Plans To Offer Checking Accounts Next YearGoogle reportedly plans to offer checking accounts next year by skleb1234
Baca lebih lajut »
Google wants to be your bank: It will soon offer checking accountsGoogle plans to offer checking accounts to consumers starting next year
Baca lebih lajut »