RBS plans on opening a digital challenger bank

(Tom) #186

Having explicitly asked both companies, via social media and the respective in-app support, and receiving the standard generic :soon: response, I’m not sure what else we’re supposed to do? It’s fine saying ‘just DM Tom’ (or Anne, in Starling’s case), but they’re unlikely to reply, in my experience. No idea who Megan is, unfortunately, so can’t ask her.

I’m sure it is actually imminent this time, but the point was more the fact that they’ve been saying the same thing for months, promising features which aren’t anywhere near being released.

EDIT: I completely understand about companies not wanting to commit themselves to something, but at least have a realistic response (ie end of the year or something), rather than just teasing ‘very soon’.

(l8n.me) #187

Megan is Chief Platform Officer and co-founder of Starling, AKA the woman to ask, and is very helpful if you ask questions. I wouldn’t DM or Email Anne either, no, I’m sure she’s very busy, but with other people in Starling i’ve had the completely opposite experience, which i tried to hint at but not say outright in case everyone cottons on and they get inundated by people DMing and emailing them lol

See my previous point. Asking ‘companies’ will get you nowhere. Ask people, one on one.

I get your point, but i fundamentally didn’t see that, so we’ll agree to disagree. As i said, there was a definite change in tone of their twitter waffle from what was basically, ‘at some point’ to ‘it’s almost here’ about 8 weeks ago, presumably when they were more sure things were almost there. Perhaps the SM messaging wasnt as coherent as it should have been, but i guess that is a result of a time with people going, new people coming, roles changing etc meaning that different people were doing SM. As i say, i can’t for the life of me understand why it has taken so long, but that’s a slightly different issue.

But either way, it’s nearly here, so that is good. Let’s focus on that! :grinning:

(lee) #188

Is there a date for Bo yet? Maybe they’ll beat N26


I doubt it since N26 design is on point and they have marketing down pat.

(#fullmonzo joint account since Aug18) #190

Just seen Bó by NatWest doing th rounds on Twitter. Anyone know when it will be out and why/how it will be a ‘Monzo killer’?

(#fullmonzo joint account since Aug18) #192

I had the same problem with the search term, I created a new topic for the above post and it was then moved here.

I already dislike the name of the bank intensely.

(David Walton) #193

The logo looks like it presents ‘BO’ with a bit of ‘waft’ coming off the O :face_vomiting:


(Jack) #194

I imagine once it officially launches this thread will be renamed “Bo Bank Discussion”

(Sam) #195

So RBS are launching Mettle and Bo (under the Natwest brand)? Interesting.

(Sacha) #196

I’m almost tempted to signup just so I can say I was a “Bo Selecta”

(Jack) #197

To me at least it seems that Mettle is their ‘Digital’ business banking brand & Bo will be their Personal ‘Digital’ Banking brand.

I believe that Bo is another trading name for Natwest whereas Mettle is another subsidiary.

(Jamie 🏳️‍🌈) #198

Bó = bunch of

Bunch of what? “Investment bankers”? :rofl:

Cockerknee rhymin slang Mary Poppins


Speaking of which:

RBS takes stake in student-focused fintech

Royal Bank of Scotland has taken a 25 per cent stake in a student-focused fintech start-up as it prepares to launch a new digital bank to rival the likes of Monzo and Starling.

Loot provides a current account and pre-paid debit card with controls and spending insights to help young people save. RBS said on Monday it had invested an additional £2m in the group, on top of a previously unannounced £3m investment made in 2018.

The investments were made on behalf of Bó, the digital-only bank RBS plans to open later this year.