Google Finance has confirmed that it is launching a UK service, with a costco financing partner, with an aim of getting it to a wider audience.
It is the first time a US-based lender has started to offer insurance to customers in the country, which is also home to Google.
The company has been a pioneer in financial services, launching the Google Finance lending service in the US last year.
“We have always been focused on building products that are useful and fun to use,” said Brian Sullivan, head of global business for Google Finance.
“We are excited to partner with Power Finance to create Google Finance in the United Kingdom and bring a new way to access financing to people who may not otherwise have access to finance.”
Power Finance is a UK-based company which was founded by the former chief executive of insurance giant Centura.
In 2014, the company secured a deal to acquire a 49.5 per cent stake in the company, which was valued at $8bn.
“The Power Finance team are extremely passionate about providing customers with a truly easy-to-use and convenient way to secure finance,” Mr Sullivan said.
Power Finance offers a range of insurance products for its customers, including a loan guarantee, short-term and long-term insurance and a credit card guarantee.
“With Power Finance we are proud to provide a number of insurance options for our customers,” Mr Pelt said.
“We are thrilled to be partnering with Power Finances for our new Google Finance insurance product.”
Google Finance is available to customers of power companies in the States and for businesses in the City, with plans to expand in the coming months.
There are plans to extend the service to more insurers, including for those with non-domicile-based operations.
Google Finance’s chief executive, Brian Sullivan.
Source: YouTube/Google Finance YouTube/YouTube Google Finance plans to offer its own financial products for customers, with the aim of bringing a new way to access finance to people.
“We want to create a new channel for people to access the best in financial products in a cost-effective way, while providing customers access to the same great value as other financial services,” Mr Wahlberg said.
The service will initially be available in the Google Play store and will be available to existing Google Finance customers.
Mr Wahlburg said the partnership with Power will give customers a choice of options, which will include loan and insurance products, with no minimum purchase required.
“Google Finance has always been the pioneer in providing financial products to the community,” Mr Haggerty said.
“Power Finance’s commitment to providing the best possible financial products will help us deliver the best financial experience for our users.”
“Google has a unique set of business models that are unique to Google Finance, but also allow us to bring our services to a whole new audience,” he said.
Google Finance said it will use its Google Finance product for lending, with customers buying insurance through a bank, a broker or an insurance company.
Users can then choose whether they would like to be reimbursed for the amount they are insured, or if the amount is covered by a bonus, the firm said.
There is a free Google Finance app available on the Google app store, which offers an alternative way to obtain insurance, using the Google finance account and Google’s mobile banking app.