Odaily Planet Daily News: According to insiders, Gary Hoffman, Chairman of the British digital bank Monzo Bank Ltd., plans to step down from his current position next month. A source said that Karen Peacock, a member of Monzo’s board, will temporarily replace him as chairman. Monzo declined to comment on the matter. It is understood that Gary Hoffman previously served as an executive at several fintech and payments companies. His departure comes as competition in the digital banking sector intensifies. (Bloomberg)