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iandroid.eu | Google will be offering checking accounts, says it gained’t promote the knowledge

Google logo seen during Google Developer Days (GDD) in Shanghai, China, September 2019.

Enlarge / Google emblem observed all the way through Google Developer Days (GDD) in Shanghai, China, September 2019. (credit score: Lyu Liang | VCG | Getty Images)

first reported this morning. The venture, code-named Cache as a result of it seems that no one can withstand a pun, is predicted to release subsequent yr, assets informed the Journal. CNBC, additionally bringing up “assets acquainted,” showed the WSJ’s reporting.

Google: Not a financial institution

The accounts shall be run in partnership with Citibank and a credit score union based totally out of Stanford University. Google govt Caesar Sengupta informed the WSJ that the accounts will elevate branding from the banks, now not from Google, which can even “depart the monetary plumbing and compliance” to the banks.

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