Marcus, the online platform run by Talwar, provides savings accounts and personal loans, as well as a credit card in partnership with Apple Inc. Checking accounts are planned for 2021. Goldman’s consumer push is part of a bid to become less reliant on trading and investment banking. Low interest rates have depressed the firm’s advantage in high-yield accounts, and prompted Marcus to cut the rate on its online savings account.

https://www.bloomberg.com/news/articles/2020-07-21/goldman-says-pandemic-pushing-more-consumers-to-digital-banking?sref=EcccZSTc