The move comes ahead of the expected UK launch of JP Morgan’s new digital bank, Chase, later this year.
It follows the launch in Britain by Goldman Sachs, three years ago, of its digital savings bank Marcus.
This proved so successful, attracting more than half a million customers, that Goldman briefly had to stop accepting new customers last year in order to prevent Marcus falling foul of the UK’s ring-fencing rules.
Goldman has, recently, been reported as planning to take Marcus – named after the bank’s founder, Marcus Goldman – further into the wealth management field itself, with plans to open a second UK office in Birmingham.
