Goldman Sachs has quietly launched a mobile banking app for customers of its online bank Marcus, which offers savings services and personal loans.

The much anticipated app launch arrives three years after Marcus was first created in 2016, when the bank aimed to diversify its revenue and funding sources by tapping up retail customers. Marcus now has four million users.

Despite the lack of hype around the launch, it’s understood that the app has been designed with the eventual expectation that it will become Goldman Sachs’ main mobile face for the large majority of its digital banking services.

“Over time, our ambition is to extend the capabilities of the Marcus app and have that be the centrepiece of our consumer-facing experience,” Goldman Sachs partner and Marcus’ head of product Adam Dell tells CNBC.

“As I think about the competitive landscape of the incumbent consumer banks, I think there’s enormous opportunity for us to differentiate ourselves with great digital products,” Dell adds.

Basic capabilities of the app include checking balances, scheduling transfers, making loan payments, in-app alerts, ‘AutoPay’ for loan management and recurring deposits for growing savings. Users can access the app through a fingerprint login or face ID login.

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Currently the consumer bank, which includes Marcus and its off-shoot credit card business, contributes less than 3% to Goldman Sachs’ overall revenues according to a report by the bank this week.

Read more about Marcus by Goldman Sachs