VersaBank: Revolutionizing Digital Banking
Significant growth over 6 years
VersaBank is revolutionizing digital banking with innovative software solutions. The company became the world’s first fully digital financial institution after adopting its highly efficient business-to-business model. The model uses its proprietary state-of-the art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk.
VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically. This is done with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established wholly-owned, Washington, DC-based subsidiary, DRT Cyber Inc. to pursue significant large-market opportunities in cyber security. They will also develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations, and government entities on a daily basis.
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