One of Britain’s largest banks tried to rival fintechs like Monzo and Revolut — here’s why it failed

One of Britain’s largest banks tried to rival fintechs like Monzo and Revolut — here’s why it failed

RBS’ standalone digital bank Bo.

RBS

British state-backed bank RBS has dropped its standalone digital bank Bo following a tumultuous launch and a global pandemic that has forced the lender to refocus its investment strategy.

RBS launchedBo, an app-based account accompanied by a yellow payment card, back in November on Google and Apple’s app stores. The move was aimed at competing with…

View On WordPress