One of the founders of Tandem & a couple of colleagues were interviewed on the latest episode of the excellent 11:FS podcast. I haven’t had a chance to listen yet but it should be interesting!
http://11fs.co.uk/podcasts/ep204-tandem-building-digital-bank/
Just to highlight a few key points -
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They will offer loans & on their own balance sheet (Monzo wants to keep it’s balance sheet small) & they’re expecting slow growth because of the constraints that the regulators will apply, as a result
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They will offer other provider’s products too though, like Monzo
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They want to pull together users data from all of the institutions that a users part of (aka banks), after the launch of the Open Banking Standard & PSD2, like the aggregators Bud, Pariti, Yolt etc.