Google is going to become the last Silicon Valley giant to push into finance: it now provides the clients checking accounts.

Google Vice President Сaesar Sengupta has broken the news to The Wall Street Journal.

The project code-named Cache will be launched next year, with accounts run by Citigroup Inc. and a credit union at Stanford University


Сaesar Sengupta has underlined that Cache’s difference from similar projects is that Google won’t be “grab the biggest piece of the pie”. He noted that everyone will profit from the project: the banks, the consumers, and Google itself.


“Our approach is based on cooperation with banks and financial system. Perhaps, this way is longer but it is safer,” he said.

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