Analysis

May 6, 2020

Banking the rich and famous: the rise of private digital banks

The ancient world of private banking is getting a shake-up, with a handful of digital private-members banks on the horizon.


Isabel Woodford

5 min read

The world's richest 1% own trillions in cash, much of which is housed in highly-exclusive banks.

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Schuyler Weiss, Alpian's chief executive.
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The 220 app, which stands for 'Second to None'. It hopes to be the first private members digital bank, set to go live in Q4 2020, hoping to swap private banks' archaic, un-automated systems for a modern, streamlined app.
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