BankingBusiness

Conister Bank: Applies for UK branch banking license

Conister Bank: Applies for UK branch banking license

  • Conister Bank is an Isle of Man-based retail bank focused on the consumer and small business (SME) markets
  • Applied for a United Kingdom Branch Deposit Taking license on 25 October 2022 (the “Branch application”)
  • The Branch application, if approved by the Prudential Regulation Authority (“PRA”) and the FCA
  • Applying for a UK Branch banking license, however, is no guarantee of approval
  • It will be well-placed for future growth through its expanding Specialist Finance and Broker teams
  • This application is a significant milestone in our banking subsidiary’s UK expansion strategy
Previous article
Ark Mines: Completes second-phase drilling at Gunnawarra, QLD
Next article
CloudPay: Raises $50 Million and Reports High Growth as Payroll Evolution Continues
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns.Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...
FinTech

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...
FinTech

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...
FinTech

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...