The challenger bank will be a standalone digital bank aimed to compete against Monzo and Revolut; according to Sky News, the project is so confidential that very few people are familiar with the project internally; sources state that Mark Bailie, the bank’s former COO is leading the new venture with tens of millions of pounds of backing for the new platform. Source
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VersaBank is a digital only Canadian bank and has created a cryptocurrency vault similar to a safety deposit box; the bank shared that it has signed two memorandums of understanding with a cryptocurrency exchange and a crypto fund; the new vault called VersaVault is expected to roll out in June. Source
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American Banker outlines Amazon’s current offerings in financial services and the recent rumors around new products including checking accounts, small business credit cards and mortgages. Source
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The Co-founder and Head of Business Development at SALT Lending introduces us to the world of asset-backed cryptocurrency lending. Source
A Medium post outlines some of the most interesting players in real estate tech, also known as PropTech across the globe; Opendoor, PeerStreet, RealtyShares are just a few of the names making the list which covered companies in many different niches. Source