The Silicon Review

Marygold & Co
Timothy Rooney, 
Marygold & Co. is an all-in-one banking and payment services app offering FREE FDIC-insured accounts* with a Debit Mastercard®. Like a private banker on your phone, Marygold is introducing a secure way to send, receive, spend, save and invest with no banking fees or minimum balance requirements.
Lawrence Smith,
Founder & CEO
Provenir helps fintechs and financial services providers make smarter decisions faster with our AI-Powered Risk Decisioning Platform. Provenir brings together the three essential components needed – data, AI and decisioning – into one unified risk decisioning solution to help organizations provide world-class consumer experiences.
Brock Arnason, 
Founder & CEO
Droit builds mission-critical, breakthrough products to advance global regulatory compliance and real-time controls. Droit partners with leading global financial institutions to create forward-looking operational and regulatory solutions within the ever-changing financial landscape.
Grasshopper Bank
Mike Butler,
Grasshopper is a client-first digital bank serving small businesses, startups, and investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing.
Doron Gordon, 
Founder & CEO
Viably’s cash flow helps grow your business with greater predictability and transparency. Easily spot trends in your spend or money movement that’s out of the ordinary, while forecasting your future cash needs.

New Fintech App Combines all Financial Tasks into One Place: Interview with Jena Gruenebaum, Director of Client Advocacy at Marygold & Co

ByAngela Scott-Briggs

Posted on June 27, 2023

How many different apps do you use to manage your finances? The odds are you have an entire folder on your smartphone dedicated to banking, saving and investing, but what if you could do all that on one app? Find out more in this TechBullion interview with Jena Gruenebaum from Marygold & Co; a financial technology company which recently announced the launch of its banking and financial services app, offering streamlined and tailored solutions for money management.

Please introduce yourself to us, tell us more about your journey so far in the fintech industry and your mission at Marygold & Co?

My name is Jena Gruenebaum, and I am the director of client advocacy at Marygold & Co. I joined the company about nine months ago after spending a decade at prominent investment firms. While I am forever grateful for what each stop of my career offered in terms of learning and development, I was ready to put my efforts behind a company that was nimble and forward-thinking, with the goal of delivering the best client experience from day one — and that’s what I found in Marygold & Co.

Marygold & Co - Financial Technology Company

Could you tell us about your new fintech solution, banking and financial services app plus debit card, what problems is solving, who is it for and how does it work?

The Marygold & Co. app empowers clients to bring all of their financial transactions together into one place — organizing what could otherwise be an entire folder of apps and spreadsheets into one simple and easy-to-use platform. Our unique solution addresses a myriad of common problems, from lacking convenience and accessibility to time-consuming transactions, poor financial literacy and generic, cookie-cutter services not personalized to help individual users. 

To sign up, simply download the app and provide some identifying information — it’s as easy as that! While awaiting the arrival of our debit card in the mail, clients can explore the app, including an ever-growing library of content aimed at boosting financial literacy. We have something to offer clients at every stage in life, but hope to resonate with younger savers who have the opportunity to set themselves up for long-term success. We have found that these savers often lack the proper tools and resources to achieve their goals. Marygold & Co. exists to address that gap.

What trends inspired the development of this new fintech app, could you give us a market overview of the banking and financial services sector and why your new solution is a must have at this point?

We want to bring clients an experience that redefines how they think about banking. Right now, there is an entire marketplace of apps that are great for certain aspects of a person’s financial life — payments between friends, staying on top of bills, investing, saving, etc., but we want Marygold & Co. to be the platform that conveniently brings everything together in one location. With the increased demand for convenience, artificial intelligence and other digital banking trends driving innovation and change, our unique banking and financial services app truly simplifies and organizes every aspect of how clients interact with their money. 

Taking a closer look at the Unlimited Money Pool investing features, how does this work and could you elaborate on the need for diversified portfolios on the app?

Money Pools are individual investment accounts designed to help clients meet short- and long-term savings goals. For example, if a client wants to purchase a home in five years, they can open an account and start contributing today. Upon opening, they will receive a recommended investment portfolio — one with risk aligned with their stated time horizon. 

As the client continues to save and contribute, they have the opportunity for their money to grow in the market. The portfolio risk automatically reduces so their savings are better protected as the date for their home purchase approaches. At Marygold and Co., we offer clients the opportunity to open unlimited individual Money Pools without additional fees — so they can start saving for all their dreams.

What inspired the convenient “PayAnyone™“ capability on your app, how does it work and what makes this special?

As the name suggests, we want our clients to be able to pay anyone with a U.S. bank account, whether they are a Marygold & Co. client or not. When sending money to another Marygold app user, the app sends a push notification, and the funds are dispersed. Others without the Marygold app, will receive a text or email with instructions to accept the funds. After entering their bank account information, the app facilitates the execution of the transaction. PayAnyone™ is our unique approach to giving our clients the simplicity and ease of keeping all their transactions within one app, regardless of where their friends and family choose to bank. 

The entire thrust behind Marygold & Co. is to simplify financial lives — and while other apps provide similar services, they require that the other person also have the same app. Our team knows PayAnyone™ is a better way forward.

How safe is your app, tell us more about your advanced security features, and how they empower clients to take control of their account security?

The Marygold & Co. app has a built-in mobile application protection suite (MAPS) to identify suspicious behavior and protect confidential client data and payment controls within the app. Clients experience a safe and secure app session using this new MAPS layer, which doesn’t impact any app performance issues. The app also provides security controls to handle different types of transactions (e.g., contactless, e-commerce, point-of-sale and international.) For lost or stolen cards, clients can freeze their debit cards with a simple toggle within the app. 

With digital transformation, came the innovation in contactless payment, could you give us more insights into the contactless technology and how it works with the Marygold & Co. debit card?

Contactless “tap-and-pay” payments have exploded from one in every three to every other transaction in the last few years (thanks to COVID-19!). Secure, encrypted tap-to-pay technology facilitates a smoother and faster checkout experience at retail stores. Our Marygold & Co. debit card is contactless-enabled by default and globally accepted at all point-of-sale storefronts, which means all transactions support card-present (face-to-face) payments. With contactless payment technology embedded in our debit cards, key fobs and wearables, Marygold & Co. ensures a fast and convenient way for daily purchases. 

What customizable savings and funding accounts are available on the Marygold & Co. debit card, how do they work and what are the benefits?

In addition to investment Money Pools, we offer two additional cash options. First are cash Money Pools, which act like a traditional savings account but are still unlimited in nature, allowing clients to bucket their emergency reserves and short-term savings in a way that makes sense for them. Second are Spend Now accounts, which act as traditional checking accounts. Debit card transactions, PayAnyone™, bill pay and other transactions are executed within Spend Now. By offering three fee-free options, clients can bucket their money in a way that makes sense for their financial goals.

What is the user response for the new debit card so far, and use cases or success stories you would like to share with us?

While our product and engineering teams were hard at work developing the app, our operations team amassed over 10,000 people for our waitlist. Having just debuted, many of those folks are now active users. Thus far, the response to the card design, delivery experience and functionality has been very positive. We look forward to continuously improving by analyzing data and feedback over the coming months.

What are you currently working on and what are your future plans for this fintech app, any available opportunities for investors and partnerships at Marygold & Co.?

As a full-service financial company, we will never stop adding to the tools and services that help our clients simplify their financial lives!   We are very proud of our current product but are excited to offer retirement vehicles, budgeting tools and other in-demand features soon. Our goal is to never stop evolving on our path to make managing money the easiest part of our lives.

For more information, visit

Hi Timothy, please tell us about your fintech journey so far. 

Combining my career-long love of finance with a passion for innovation, I am so excited to be on this fintech journey! After spending many years building and launching new businesses for major corporations, leading Marygold & Co. into the digital future is a tremendous honor. The opportunity to take Marygold from concept to launch is extremely fulfilling! We are in beta testing now, and the feedback from our testers is thrilling as we look forward to launching in the Apple and Google app stores in the next few months. 

Could you share any two fintech applications/products which you consider as the best of the Marygold ideas to redefine the private banking experience?

At Marygold & Co., we aim to help clients think differently about managing their finances. Instead of thinking about products, they should be thinking about their financial goals. Our unique app teaches our clients the right questions to ask to achieve their financial goals — whether that’s buying a new home, going on vacation or a date night fund. Of course, we all have different plans and aspirations, so we start by asking the right questions. 

Instead of having one investment/brokerage account, we encourage our clients first to define their goals and then set up a Money Pool savings account for each goal. People can define as many goals as they want and create a Money Pool for each, gaining clarity on progress toward achieving each goal while streamlining and simplifying money management

Also Read: Global Fintech Interview with Lisa Loud, CEO & Co-founder at FLUIDEFI

Marygold & Co. has announced plans to release its app, which promises financial education, assistance and a platform to invest and save smartly from phone. What are your expectations? 

If you look overseas, this idea of using apps to provide all of your financial needs is much more prevalent. Europe and Asia are further along than the U.S. in this regard. But younger Americans see the value and ease of utilizing apps to meet their needs. The fintech business model is very efficient, utilizing cutting-edge technology, and we can pass those savings on to the end client. 

For Marygold & Co., an important goal is helping clients understand what information they should consider when making financial decisions. Consumer education is core to who we are as a company. At Marygold, we understand that if we ask the right questions, we’ll get better outcomes! Realizing the future of mobile banking will be a multiyear journey, we expect a gradual transition as people grow increasingly comfortable with managing their finances straight from their smartphones. Some of the helpful financial information will come straight from us, and some of it will involve teaching our clients the right questions to ask in any situation. 

How is AI and ML playing their role for the banking and financial services app?

AI and ML will be important to most Fintech providers

Utilizing the latest technology helps provide more robust data and information and often does so cost-efficiently. Greater utilization of machine learning means providing clients with the information they need to make good decisions — how they want to receive it. But there will always be a human component to helping people achieve their financial goals. Managing our financial lives is important to us all, whether we are just out of school or getting ready to retire. But the information we need to make good decisions at each stage of the financial journey changes. AI and ML unlock the ability to provide clients with the information they need, when they need it and in the manner they want to receive it. 

Could you talk about some of the other innovative fintech apps and platforms in the industry that according to you are set to be new game-changers for this niche? 

Most of the fintech apps I’ve looked at do excellent work. The fundamental business model of fintech allows for more cutting-edge products and services — at lower price points — ensuring the fintech pie will continue to grow. The old-school bank and brokerage firm business model does not allow traditional players to compete in the same manner, so fintechs will continue to take market share from these companies. 

Also Read: Global Fintech Interview with Cristina Ceban, Founder at Women Do Crypto

What tech are you using for customized money pool and automated funding for your clients?

We built the majority of our technology platform in-house. Agile engineering is important , so we built our state-of-the-art solutions from scratch. But we do work with a few excellent partners for custody and banking. The build vs. partner decision is important for every fintech. 

What are some of the biggest challenges you face when marketing your new fintech product and trying to better the overall customer experience for them? 

Much of our marketing will be through social media. Our content will initially focus on teaching and providing information that clients need to make good decisions to manage their financial lives. There will always be value in that. As a startup in the booming fintech space, perhaps the biggest challenge will be reaching the right audience with the right message. 

Also Read: Global Fintech Interview with Lorien Gamaroff, CEO at Centbee

What are some of the top FinTech trends you’re seeing get more attention in 2023? 

As I stated earlier, the fintech pie is growing, and for a good reason: The value provided by fintech companies is clear. One of the trends I’m excited about is to see people in their 40s, 50s and 60s discover the value of digital banking and working with fintech firms. This transition will take time since inertia is a powerful force in finance, but people will discover that they are getting more value, with much more client-friendly pricing, in the fintech space. We are in the early innings of that evolution, so it is exhilarating to see! 

Thank you, Timothy! That was fun and we hope to see you back on soon.

The Fintech space is using technology to democratize financial services. Find out how MaryGold & Co. is thrusting this democratization even further!

Technological advancements will continue because of AI and ML, as with many other industries.  The key is to use innovation to improve the client experience and bring down the cost.
Timothy Rooney, President at Marygold & Co

1. Kindly brief us about yourself and your journey as the President at Marygold & Co.
I am part of the founding team at Marygold. Marigold & Co. was incorporated in 2019, but corporate development began in 2020. I was hired to create, launch and manage the investment company for Marygold, which we call Marygold Advisory Services.

2. Please share with us your source of inspiration for venturing into the Fintech space.
Large corporations in the U.S. are not keeping up with technological innovation, and they are falling behind. The Fintech space is using technology to democratize financial services.

3. Brief us about Marygold & Co. and give us an overview of its standout services. 
We’ll start with one: our Money Pools concept. Instead of just having one bank or brokerage account, we encourage our clients to define all the goals they are saving for with individual Money Pools for each savings goal. This way the client always knows how close they are to meeting that individual financial goal.

4. What are the core values on which the company is formed and how is it introducing secure ways to send, receive, spend, save, and invest with no banking fees or minimum balance requirements?
Providing ‘white glove’ service is central to everything we do. If you’re familiar with the concept of the Private Bank operation for wealthy customers in large banks, our goal is to give all of our clients the private banking experience regardless of how much money they have in their Marygold account. We work with cutting-edge companies to provide a secure environment, and we use the latest technology, so we do not need to charge banking fees.

5. Being a thought leader, how do you plan to strategically fulfill Marygold & Co.’s mission and vision?
We have had this vision for many years to provide a high-touch experience in managing the financial lives of clients cost-effectively. We just needed the technology to catch-up to the vision.

6. In your opinion, how beneficial is it to align technological advancements like AI and ML with the finance industry?

Technological advancements will continue because of AI and ML, as with many other industries. The key is to use innovation to improve the client experience and bring down the cost.

7. How has the integration of these technologies transformed the face of the finance industry?
Regarding AI and ML, we have just scratched the surface.

8. Having an extensive experience of 30 years, we would like to know how the finance industry has disrupted traditional financing to a new generation of financial innovation.
The innovation we are starting to see in the fintech space is the most dramatic innovation I have experienced, but the large banks and brokerage firms don’t have the incentive to change their models. Smaller and more nimble firms in the fintech space will continue to be the drivers.

9. What advice would you give budding entrepreneurs and leaders aspiring to venture into the fintech niche?
We are still in the early stages, so just start!

10. How do you envision scaling both–Marygold & Co.’s and your growth curve in the year 2023?
We are in beta testing now and will be launching soon. We don’t worry about scaling, we just focus on giving our clients the best experience possible! Everything else will take care of itself. 

Don’t Panic — Bear Markets are Just a Normal Part of the Market Life Cycle as an Investor

After reaching highs in early January, the S&P 500 and NASDAQ both plunged into a bear market territory, falling more than 20% to close out the first half of 2022. This tumble prompted renewed interest in an age-old question: Are we in a bear market? And if so, what does that mean for the individual investor?

Bear markets are generally defined as a drop of 20% or more in an index or security

Some bear markets are short-lived, as we experienced in 2020 with the COVID-19 lockdown, but some can be prolonged, as we saw with the Great Recession.

Following the six-month tumble to start this year, investors are trying to determine whether security prices will continue falling or if the worst is behind them. Regardless, this news serves as a critical reminder that stock prices don’t simply go up in perpetuity, and a bear market can present investors with new opportunities.

There has been no shortage of bad news for investors in the first half of 2022

Between supply chain issues, labor shortages, spikes in home prices and rent, and the highest inflation in 40 years, investors have to worry about various risk factors to develop a sound investment strategy.

None of us has a crystal ball to peer into the future of the financial markets, so it doesn’t matter that investors can’t predict the future but rather how we respond to market turbulence and build our portfolios.

The Economic and Financial Markets Cycle

Behavioral finance experts tell us that investors often let emotions cloud their best judgment and drive decision-making that is ultimately at odds with their long-term investing goals when it comes to the economy and financial market cycles.

When markets shift, the temptation is for investors to buy high and then panic and sell low. The debate over whether or not we are currently in a recession is a popular topic on social media. Still, financial markets have already priced this economic contraction for equities and fixed-income securities. The real question is how long these headwinds will persist.

Investors have more access to important information about the economy and financial markets

Today, investors have more access to important information about the economy and financial markets than ever before. In addition, it has never been easier to begin trading with numerous financial technology “apps” offering easy access to trading platforms. Consequently, investors are much more likely to react — positively or negatively — to any market changes.

Experiencing nearly 13 years of market growth, many of today’s investors may have felt invincible, buying stocks or trading options before our economy turned toward recession.

Every investment may have seemed like a winner, and many people were making money. However, the extended market cycle — and historically unprecedented fiscal and monetary policy stimulus during the COVID lockdown — created false expectations. People thought that the good times would continue for the foreseeable future.

Unfortunately, many overconfident investors bought high — just as the market crested

“Don’t fight the Fed” is a commonly used phrase on Wall Street. During the peak of the COVID-19 pandemic, unprecedented fiscal and monetary policies created a significant tailwind for most investments.

Congress enacted laws to put money in the hands of companies and American consumers. As the federal government handed out stimulus money, the Federal Reserve had accommodative policies that pumped cash into the economy as well.

These policies extended the bull market through the pandemic’s early days, and many investors did great.

But “Don’t Fight The Fed” works in both directions. First, the Federal Reserve has pivoted to restrictive policies to try to contain inflation and is now aggressively raising interest rates.

As of this writing, inflation is still at the highest level since the early 1980s, so the Fed is likely to continue to use all weapons in its arsenal in an attempt to tamp down inflation.

With the significant pullback in equities in the first half, particularly in most of the large-cap technology names, fear is causing many retail investors to sell, thereby locking in their losses and limiting their ability to grow their money over the long term.

A Normal Part of the Ebb and Flow of the Market Cycle

Coming down from an extended bull market period, the market’s pullback from historical highs makes it difficult for most investors to understand that these ebbs and flows are a normal part of the market cycle. No market goes up forever, and stocks will eventually have to be repriced.

That said, no one knows what will happen in the markets day-to-day, so trying to time the market is often a fool’s errand — and panic is not a strategy. As long as you have the appropriate diversification in your portfolio based on your individual investment objectives, don’t panic! Instead, sit back, relax and let the market do its thing.

Diversify and Invest According to Your Timeline

A recession is also a normal part of the life cycle. As long as your portfolio is diversified and you’re investing according to the timeline for your specific goals, there is no reason to panic.

Investing to achieve various goals — whether to retire comfortably in 20 years, go on vacation next year or purchase a new vehicle within the next five years — can be pretty straightforward. The key is ensuring your investment allocations sync with the timelines for each goal. In addition, focus on the long term, diversify and avoid products with high fee structures.

Look at your time horizon for the objective for which you’re saving and invest according to that horizon. For example, if you are many years from retirement, your retirement allocation will probably be close to 100% in equities.

Your money should be in a well-diversified portfolio so you can walk away and forget about it.

The money you’re investing for your vacation next year will be mainly in cash and cash equivalents like certificates of deposit (CDs). However, for goals that may be a few years out, you should utilize fixed-income securities — perhaps fixed-income exchange-traded funds.

As your goal investment horizons get longer, equities become a more prominent and more significant part of that portfolio. But always be aware that if you are selling investments supporting long-term goals, you are effectively locking in the loss.

Diversification is Key to Any Long-Term Investment Strategy

Instead of having all your money in one security, it’s essential to allocate investments to each goal you’re saving toward. You might get rich if you’re investing all of your money into one stock, option, or cryptocurrency. But for everyone on social media bragging about how much money they made off one trade, for example, thousands of others lost everything.

As a result, investors need to understand the difference between investing and having a solid investing strategy versus speculation or gambling.

Do you understand the investment you are considering and why it is going higher or lower? While numerous media outlets now focus on short-term trading, investors must realize that this is speculation, not investing.

Long-Term Investing Can and Should be Easy to Understand

Taking a long-term approach to investment should not be stressful, nor should it take a lot of effort or management. But developing a long-term investment strategy isn’t the hard part — it’s sticking to that plan in the face of tumultuous market environments.

As investors, we should feel good about putting our money to work for us, not stressed out, panicky, or constantly checking for updates.

Stay away from get-rich-quick schemes and short-term speculation that is difficult to understand. As Jack Bogle once said, “investors win; speculators lose.”

Featured Image Credit: Photo by Liza Summer; Pexels; Thank you!

The renowned voice millions of internet users grew up with is excited to lend his vocal talent to an application he believes will revolutionize banking

CENTENNIAL, Colo., Aug. 02, 2022 (GLOBE NEWSWIRE) — Marygold & Co., a fintech company that seeks to offer a secure way to send, receive, spend and save money through a customizable mobile banking and financial services app, today announced Elwood Edwards, the iconic voice of America Online’s famous “You’ve Got Mail” greeting, as the official conversational AI voice for the company’s new financial services app. 

“When Marygold & Co. first approached me with the opportunity to be featured on its innovative app, I saw this as an incredible opportunity. Reflecting on my journey from AOL to Marygold & Co., I feel very excited about evolving from being the voice of new technology, like dial-up internet, to a transformative fintech solution helping shape the future of banking,” said Edwards.

Marygold & Co. looks to be the first fintech app that will use conversational AI. Edwards’ ultra-recognizable vocal talent will notify users when they receive a payment: “You’ve Got Money!” Combining mobile banking, real-time payments, and goal-oriented “Money Pool” savings and investment accounts with automated funding options, no banking fees, no minimums and no credit checks, the app’s exclusive tools empower users with a digital alternative to traditional banking. The mobile application will also include various greetings from Edwards like “You Got Paid,” “You’ve Reached Your Goal” or “You’ve Sent Money” to help users better manage their finances anytime, anywhere. 

“The fact that my app will directly manage my debit card to make any necessary transaction very easy, in my opinion, is my favorite part,” Edwards continued. “Managing my money on my phone certainly is not a barrier for me. Banking, I think, will be positively affected by what’s happening with the Marygold & Co. solution — and not just because my voice is on it.”

To learn how Marygold & Co.’s fintech solutions seek to transform the future of banking, or to read more about Elwood Edwards, please visit

About Marygold & Co. 
Marygold & Co. is a fintech company that will offer the community a secure way to send, receive, spend and save money through a customizable mobile banking and financial services app. Like having a private banker on your phone offering personalized banking and financial services, the app will provide access to FDIC-insured accounts to anyone in the United States. With no banking fees or minimums, Marygold & Co. seeks to bring best-in-class banking technology solutions for taking control of your money. Marygold & Co. plans to launch its app for Google Play and Apple’s App Store in fall 2022.

Marygold & Co. is a wholly owned subsidiary of The Marygold Companies, Inc. (NYSE American: MGLD), a global holding company with operations in the U.S., New Zealand, Canada and the U.K. For more information, please visit their website at, or visit to access The Marygold Companies, Inc.’s filings with the U.S. Securities and Exchange Commission. 

*Marygold & Co. is a financial technology company and not a bank. Depository services will be provided by Member FDIC bank.

White glove mobile banking and financial services app leverages global issuer processor’s modular technology to expand product portfolio and market reach

REDWOOD CITY, Calif. – July 6, 2022 – i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with Colorado-based financial technology company Marygold & Co., to power the platform’s Tap to Pay Debit Mastercard and new customer-centric savings program.

Leveraging i2c’s plug-and-play payment APIs, Marygold & Co. will build out its “Spend Now Checking” and “Money Pool Savings” interfaces to empower cardholders to control spending and save for important life events, such as a trip to Europe or wedding. Payments will be processed on the Mastercard network, and cardholders will be backed by a best-in-class fraud management network designed on i2c’s secure and reliable platform.

True to its name, the Marygold & Co. Contactless Debit Mastercard program will authenticate payments with no signature or PIN required and enable real-time payments to anyone in the U.S. with just an email or mobile number. The Money Pool Savings Account program will offer unlimited, savings accounts with automated funding, and goal setting features. Marygold & Co. will follow the U.S. roll out of its debit and savings programs by expanding into other global markets within the coming years.

“We built Marygold & Co. to offer clients a truly end-to-end banking and payments experience that anticipated and catered to their unique financial needs. Like having a private banker on your phone, Marygold & Co. is a banking and financial services app that is free to open and will empower users to take control of their finances,” said Nicholas Gerber, Co-founder of Marygold & Co. “We were already familiar with i2c through their widespread presence in the processing space and knew that we wanted to work with them because of their deep domain expertise, global connections to all the major card networks and ability to bring card programs to market quickly.”

“Marygold & Co. is reimagining payments through a modern lens and servicing their customers with a high-tech and high-touch approach,” said Serena Smith, chief client officer of i2c Inc. “i2c was built to enable innovators like Marygold & Co. so that they can launch with faster speed-to-market and innovation cycles, and we’re proud that they selected us to help bring their payment visions to life.”

In addition to debit and savings services, Marygold & Co. will offer their clients investment solutions with portfolios of fixed income and equity Exchange-Traded Funds that align with client-specific goals, ”PayAnyone™” capability to send money to friends and family anywhere in the U.S., and payroll deposits up to two days early requiring no minimums or credit checks. Marygold & Co. will offer Apple Pay, Google Pay and Samsung Pay Support, as well as contactless bracelets and key fobs in the near future.

About Marygold & Co.

Marygold & Co. is not a bank, banking services provided by a bank partner.

Marygold & Co. offers individuals and families a secure way to send, receive, spend and save money through a customizable mobile banking and financial services app built to organize financial lives. The future of banking, Marygold & Co. offers innovative features like the “PayAnyone™” capability, advanced security, nationwide surcharge-free MoneyPass ATMs, contactless payment options, Money Pool Savings Accounts and Investment options, and many other best-in-class banking technology solutions for taking control of your money. Come join our community:

Media Contacts:

Cristi Kirisits
Vice President, Marketing 

Chad Butler
President / COO

Marygold & Co. is an all-in-one banking app that acts as a private banker on your phone – a payment services and personalized banking app offering FREE FDIC-insured accounts and a Mastercard® debit card to anyone in the United States, providing a secure way to send, receive, spend and save with no banking fees or minimum requirements through a customizable mobile banking and financial services app built to organize financial lives. In this interview with TechBullion, the CEO talks about the future of mobile banking.

Please tell us more about yourself?

Nicholas Gerber, CEO The Marygold Companies and Marygold & Co.  The Marygold Companies are a NYSE American public listed holding company.  Our largest subsidiary is a $4.5 billion ETF money manager and our newest is Marygold & Co, our app led debit card fintech. 

What is  Marygold & Co and what unique solutions do you provide?

Marygold & Co is a fintech debit card and app which combines payments, savings and investing all in one curated high-tech, high-touch place.

Tell us more about the mobile banking industry, how big is this industry and what is the current global market size?

These days mobile banking is banking.  Financial services like banking, brokerage, insurance, mortgages represent 10% of American economy.  It is one of the largest and oldest industries there is.

 Walter Wriston, ex-CEO Citibank once said you don’t need a bank, but you do need banking. Money is a huge and growing global market.

 How does a private banker on your phone work and what are the benefits, could you give us a walkthrough of the Marygold & Co all-in-one banking app?

 Our #2 employee, Nicole, title is head of client satisfaction.  This was two years before we had any clients! Now while that shows we care about the experience our clients get, calling the people who enjoy Marygold & Co clients instead of users or customers also shows it. 

 We benchmark clients experience with the best service available from any business.  From not timing phone centers calls like Zappos, to making sure the app look and feel is clean and easy to understand like Apple, or being consistent from one interaction to the next like a McDonald’s. 

 Bringing high tech and high touch is what we mean by white gloves private banker experience.  Something, until today, you had to have $5 million in assets or more to afford.

Where there is money, there are always security concerns, what are the security issues facing mobile banking?

We take the security of our clients private data seriously.  From military-grade cryptographic encryption of all private individual information on the world’s best cloud providers like AWS, Microsoft Azure, and Google. To giving granular control in the app to our clients about not just freezing a card on or off but turning swipe on or off, heck, our clients can turn the internet on or off at the click of a switch.  They can continue to use the card as they want but no one can perform a card not present transaction.

The biggest concern all financial firms have is simple fraud.  For example, getting a call from someone saying your bank account has been compromised and in order to restore it, you have to give that person your password.  Don’t do it!

 Reputable firms don’t ask for passwords.  We already know it, why should we have to ask!?

 As financial firms transition towards a digital future, how crucial is it to merge payments with banking solutions?

We have one life, one primary source of income, one way of looking at our wealth.  Because of government regulations, payments, banking, brokerage, insurance, mortgages ect have been broken down into individual uncorrelated silos each with their own businesses offering products and esoteric terminology.

 By combining all these services in one app, we make life easier and simpler.  Finance does not have to be hard. 

Anyone who thinks it should be is selling you FUD (fear, uncertainty, and doubt).

What other prevalent trends should we look out for in banking and payments and where do you see the future of mobile banking?

Marygold & Co exists to help organize our clients families financial lives.  I would expect future trends to extend our objective.  Helping clients remember passwords, organize important documents like Wills or Medical Directives. And extend sharing or information and permissions so that children and elders can have the extra help they made need. Or so that outside third parties like an accountant can see your account. Or account aggregation so clients can see all their accounts whether with Marygold &  Co or at another bank or brokerage all in one place.  Or…

Are your payment services only available in the United States, do you have plans for global expansion?

Marygold & Co is currently only available in the USA today but we have plans to enter England before year end and then many countries in 2023 and beyond.

 Do you have any available opportunities for investors and partnerships at Marygold & Co?

Marygold & Co is a 100% owned subsidiary of The Marygold Companies, a NYSE American publicity traded holding company.  Our ticker symbol is MGLD.

 Just call your broker or go online to buy or sell our stock any business day.

 Do you have more information to share with our readers today on mobile banking and Marygold & Co?

The best time to have started planting a shade tree is 30 years ago.  The next best time is today.

 If your readers are serious about saving and investing for a goal like retirement, today is a great time to start.

“Welcome.” If you grew up in the internet age, you undoubtedly recognize the iconic AOL catchphrase, “you’ve got mail!”  

AOL, one of the industry’s early pioneers, initially provided dial-up service to millions of Americans. Originally known as America Online, the online service provider grew to become one of the most recognized brands on the web by the early 2000s, providing a web portal and later a web browser, as well as email and instant messaging services. But even if you weren’t a legacy AOL user, you’re still likely to be familiar with the celebrated slogan.  

But now, thanks to the Marygold & Co. banking and financial services solution, a new generation of internet users can familiarize themselves with the voice behind the well-known pop culture reference, Elwood Edwards.   

“You’ve Got Mail Money” 

Our innovative fintech app employs Edwards’ ultra-recognizable vocal talent to notify users when they receive a payment: “You’ve got money!” The app’s exclusive tools — combining mobile banking, real-time payments, and goal-oriented “Money Pool” savings and investment accounts with automated funding options — empower users with a digital alternative to traditional banking. The mobile application will also include other greetings from Edwards like “you got paid,” “you’ve reached your goal” or “you’ve sent money” to help users better manage their finances anytime, anywhere, with no banking fees, no minimums and no credit checks.  

When we first approached Edwards with the opportunity to be featured on our unique app, which introduces conversational AI to the banking and financial services sector, he saw being the voice of the future of banking as “an exciting opportunity.” Like having a private banker on your phone offering personalized banking and financial services, the Marygold & Co. app enables users to legitimately take control of their money.  

From Email to the Future of Banking 

With digital solutions like Marygold & Co. transforming how we interact with our banks and other financial services providers — much like how AOL transformed how we interact with personal computers in the 1990s — let’s take a look back at Edwards’ journey from AOL to Marygold & Co.  

Q: How did you get started with AOL? 

A: “My wife, Karen was a customer service rep at Quantum Computer Services, which is the company that became AOL. She overheard Steve Case, one of AOL’s founders and the company’s former CEO and chairman, talking with some programmers about adding a voice to the software, so she volunteered me. 

I sat in my living room with a battery-operated cassette deck and recorded the ‘welcome,’ ‘you’ve got mail,’ ‘file’s done’ and ‘goodbye’ messages in just one take each. She took the tape to work with her, the software engineers digitized it into the software — and here we are.” 

Q: How much did AOL pay you? 

A: “Unfortunately, only $200.” 

Q: Do you still get residuals from that work? 

A: “No, I don’t think anybody had any idea it would become what it did.” 

Q: Has AOL ever contacted you again? 

A: “Yes, they flew Karen (my wife) and me to New York for the East Coast premiere of the ‘You’ve Got Mail’ movie. I got to see Tom Hanks from 150 feet away and the back of Meg Ryan’s head when she was getting in her limo.” 

Q: What made you want to do voice-over work in the first place? 

A: “I started in radio when I was in high school as a DJ on the Elmo show. The day after high school graduation is when I started working in TV as a booth announcer, a film projectionist and a staff announcer. By now, I have done so many commercial and promotional announcements at various TV stations that I’m quite used to hearing my voice. It’s not a surprise to me.” 

Q: What was your favorite part of working with AOL and serving as the iconic “you’ve got mail” voice? 

A: “I guess the recognition of everybody who grew up — especially during that time — recognizing my voice even today. I truly enjoy the recognition and appreciation. That, to me, is a very satisfying part of this whole adventure.”  

Q: What is it about your voice or the AOL greetings that you think made the AOL user interface so memorable? 

A: “I think it was a first-time exposure for most people to that kind of interaction with a computer.”  

Q: Have you done any other recognizable voice-over work? 

A: “I was the voice of a virtual doctor on an episode of ‘The Simpsons’ in which Lisa, the little sister, was trying to convince Bart and Homer that they were very sick. When Bart and Homer say to the program, ‘help me, virtual doc. You’re my only hope,’ a figure appears on the screen, and you hear my voice say, ‘you’ve got leprosy. Goodbye.’” 

Q: How do you envision or define “the future of banking”? 

A: “Today, all of my interaction with my bank is through my iPhone. Banking, I think, will be positively affected by what’s happening with the Marygold & Co. solution — and not just because my voice is on it. I believe the Marygold solution is going to quickly become a system with great ease of operation, something that is far easier to use than the banking app for my own bank.”  

Beyond the ease of use, Edwards’ favorite aspect of the Marygold & Co. solution is the traditional debit card that provides access to FDIC-insured accounts.  

“The fact that it still uses a plastic card — something that everyone identifies with — to make any necessary transaction very easy, in my opinion, was my favorite part,” Edwards continued. “(The contactless debit card) certainly was not a barrier for me.” 

The contactless Mastercard debit card can be used nationwide across a network of 37,000 surcharge-free MoneyPass ATMs and anywhere Mastercard is accepted worldwide. Additional Marygold & Co. features include: 

  • Convenient “PayAnyone™” functionality to send real-time payments to anyone in the U.S. with just a mobile number or email address. 
  • Contactless payment options utilizing NFC technology to enable touch-free tap-to-pay transactions. 
  • Customizable security dashboard and advanced security features, including in-app control of card spending. 
  • Unlimited, customized, individual FDIC-insured savings accounts with automated funding, known as money savings pools.  
  • The ability to receive payroll direct deposits up to two days early.  
  • High annual percentage yield on all deposits. 

As increased demand for a digital banking experience from millennials and Gen Zers continues to transform how the entire banking industry operates, Edwards is “100% very, very excited” about evolving from being the voice of a new technology, like dial-up internet, to being the voice of an innovative fintech solution helping shape the future of banking.  

“File’s done. Goodbye!”