Google reportedly plans to offer checking accounts starting next year

A report from the Wall Street Journal indicates Google is getting into the banking industry — specifically, it’ll soon offer checking accounts. The project is codenamed Cache (hmm, fitting), and is set to launch sometime next year. The accounts will be managed by Citibank, and a credit union at Stanford. According to Google, Citibank will handle the “financial plumbing.” This feels like bit of a dig at Apple, which claimed its new card — which is backed by Goldman Sachs — was created by a tech company and “not a bank. Google‘s Caesar Sengupta told WSJ the company wants to “partner deeply…

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source https://thenextweb.com/google/2019/11/14/google-checking-accounts-cache/