Marygold & Co debuts mobile banking fintech app in UK
Marygold & Co UK (MGUK), the regional subsidiary of US-based fintech The Marygold Companies (TMC), has officially launched a new UK mobile banking and financial services app built to enable users to “digitally manage their financial lives for saving, investing, and spending”.
Marygold & Co launches new UK mobile banking fintech app
The new offering, now available on the Apple App Store and Google Play Store, includes interest-bearing easy access savings accounts, the ability to create specific money pools, personalised savings notifications, and “out-of-sight-out-of-mind piggy banks” to “develop saving self-discipline”, according to an app store description.
The savings accounts are provided through MGUK’s partnership with Griffin Bank inked in November, while open banking, account information, and payment initiation services have been enabled through Moneyhub.
Matthew Parden, president of MGUK, says the app “incorporates features specific to UK clientele”, with a marketing ramp-up scheduled to commence “during the next 60 – 90 days to individuals and businesses”.
Nicholas Gerber, CEO of TMC, anticipates “a faster adoption rate in the UK” for the offering, owing to the “highly focused” market.
Gerber adds that the app “recognises diverse financial personalities and requirements”, offering what he describes as an “emotionally intelligent” suite of features that enable users to “self-curate their own savings plans and journeys”.
The app signals the arrival of the “all-in-one payment service” first outlined by TMC when it launched MGUK in 2021, with development expedited through the $32.9 million-asset holding company’s acquisitions of Tiger Financial & Asset Management in 2022 and chartered financial planning firm Step-By-Step Financial Planners last year.
