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Wireless

Two mobile-only banks planning to launch in 2016 in the UK

Friday 11 December 2015 | 16:41 CET | Author: Marion ter Welle | Background
Two mobile banks are preparing to launch in the UK. Atom Bank was awarded a banking licence in June 2015 and aims to launch in early 2016. Atom Bank plans to have no branches and will offer services through mobile, the internet and eventually wearable devices. Tandem Bank was awarded its banking licence in December 2015 and aims to launch at the end of 2016. These are the first two digital-only full banking licences awarded by the Bank of England so far.

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Categories: Mobile & Wireless
Countries: United Kingdom
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