Britain's RBS launches digital bank Bó to take on start-ups
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LONDON (Reuters) - Royal Bank of Scotland has launched its standalone digital bank Bó in a plan to fend off competition from fast-growing online start-ups including Monzo and Starling.The Bó app is designed to encourage people to budget and save better, alerting them if they overspend. It will target the 16.8 million Britons with savings less than 100 pounds.Bó Chief Executive Mark Bailie told reporters on Wednesday the venture could offer its parent cheaper funding by amassing customer..