Industry WIKI

A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners, asset managers, banks and broker-dealers. Custodial banks do not engage in traditional commercial or retail banking services like lending.

Monzo Bank Limited, trading as Monzo (), is a British online bank based in London, England. Monzo launched as part of a number of app-based challenger banks entering the UK market.