Royal Bank of Scotland takes aim at challengers with digital-only bank

Tearsheet

“RBS is moving in on challenger bank territory. The Royal Bank of Scotland reportedly plans to launch a mobile, digital-only banking platform in a beta testing phase in the third quarter. The experience is being designed as a “marketplace” for financial services that would recommend different financial products to customers, whether they’re from RBS or partner companies, which is similar to what Goldman Sachs’ Marcus and Citibank are planning with their mobile banking apps.”