Versabank T.VBNK

Alternate Symbol(s): VBNK

Financial Services

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). The Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. The DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. It also offers receivable purchase program (RPP) funding solution for point-of-sale finance companies.

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Versabank > company presenting today at virtual conference 10:45am est

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Comment by YoloRoloon Jan 18, 2021 5:17pm

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Post# 32322609

RE:RE:RE:RE:company presenting today at virtual conference 10:45am est

DID YOU GUYS LISTEN TO THE PRESENTATION!!!! WOWSERS

here's some key highlights straight spoken by the CEO himself. Mr. Taylor

22:10i'd be looking to acquire a bank in the states with with a proper licensing, similar to what I did, to create the Bank in the first place by acquiring that that small trust company in saskatoon so.

25:24Yes, yes indeed, we have you know we are digital financial companies, we have a skunk works and we've got all kinds of things that we.
25:34That we work on in the background, and one of them is a project with a large crypto currency exchange yet we've you know it's it's premature to press release all of that, but as a kind of stuff we do in the background.
25:53I like the idea of a tethered coin, for example, harkens back to the old days in banking say centuries ago when banks issued bank notes and paper now of course with blockchain.
26:06A bank can issue a bank note and tethered to a Fiat currency to get some stabilization and then all the advantage of the of the seamless trading, but the blockchain affords all those things that are that happened.