220 Bank - Worlds First Digital Private Bank

So I found this whilst perusing the internet but I don’t seem to be able to find out much about them. They describe themselves

The220 Is the Worlds First Digital Private Bank for a new generation of Wealth, Catering to an exclusive set of millennials representing $24 Trillion Globally.

http://www.220.co/

https://www.eu-startups.com/directory/220-bank/

I feel like no one can recreate a private bank to be honest

For example you think Credit Suisse or UBS, massive recognised names

You think of Coutts, prestige via its client base and you think Hoare and you think independent since 1600’s + every partner is liable to an unlimited degree

A limited private company established in the 21st century would not convince me to part with several millions unless they acquired insurance that protected me from their incompetence and or bad acting

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