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Google to offer co-branded accounts with eight US banks

August 3, 2020

Via: Finextra

The new platform will pair Google’s expertise in creating intuitive user experiences with the security of a reputable bank to provide a new way to manage money with financial insights and budgeting tools.

When launched in 2021, the co-branded, FDIC-insured digital accounts will be offered via Google Pay and built on top of the banks’ existing infrastructure.

Felix Lin, vice president of Payments Ecosystems at Google, says: “We believe that we can use our technology expertise to benefit users, banks and the entire financial ecosystem.”

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