Monday, 15 September 2014

New challengers to the UK banking market

Welcome to the IBS table of the challengers to the UK banking market.  

We have put together a list of financial institutions looking for business in the UK.

More details on the core system decisions of the respective banks can be found on the IBS website.

We welcome any input to the table and will be making regular updates, so if you would like to add to the list please contact us via email or the comments section below.

Bank nameTypeGreenfield?Licence?
Atom Bank Retail bank Yes Awaiting
Axis Bank Subsidiary of Indian bank Yes Yes
BFC Exchange Money transfer with retail banking No Awaiting
British Business Bank Government-owned development bank Yes No
Civilised Bank Corporate and SME banking No Awaiting
Edmond de Rothschild Private Merchant Bank Private merchant banking Yes Yes
FCMB UK Subsidiary of Nigerian bank No Yes
Fidor Bank Subsidiary of German bank Yes No
Hampden & Co Private bank in Scotland Yes Yes
ICBC Group Subsidiary of Chinese bank No Wholesale banking only
Lintel Financial Services Banking for foreign students Yes Awaiting
Oaknorth Buy-to-let lender Yes Awaiting
Paragon Bank Savings and loans Yes Yes
Private and Commercial Finance Group Motor and consumer finance No Awaiting
S&U PLC Home credit and motor finance No Awaiting
Templewood Merchant banking Yes Yes
UBA Capital (Europe) Ltd Investment bank, subsidiary of United Bank of Africa No Yes
Union Bank of India (UK) Ltd Retail bank No Yes

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