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Virgin Money has already spent $53.3m over the last year developing its digital bank which will rival competitors like Starling and Monzo, with the core technology developed in conjunction with former Barclays CEO Antony Jenkins 10x Future Technologies.
The Virgin Money digital bank will be underpinned by next generation technology and architecture, offering customers a Universal Account that can be personalized to create a unique proposition tailored to individual needs…In addition to our current presence in the mortgage, credit card and retail deposit markets, the digital bank will allow us to expand into the current account and linked primary savings markets.
https://bankinnovation.net/2018/02/u-k-s-virgin-money-to-launch-digital-challenger-bank/
