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RBS Shuts Down Bó After Six Months

RBS Shuts Down Bó After Six Months

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FintechNews RoundupUSA
··1 min read

RBS’s Monzo challenger Bó has shut down only six months after initially launching; the company plans to merge the technology used in Bó with their SME digital banking platform Mettle; a spokesperson for RBS tells AltFi: “After careful consideration, we have made the decision to wind down Bó, and focus on our digital bank for SMEs, Mettle. As a bank, we will continue to test and learn, investing in innovative banking services that will provide a better experience for our new and existing customers.”; the company initially launched in November 2019 with a waitlist of about 3,500 customers; Bó only managed to acquire about 11,000 customers in total with most of them being friends and family of the bank. Altfi

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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