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

PayPal Expands Payment Links to Canva Creators

Canva users can now easily monetize their designs with PayPal's new feature.Highlights: PayPal's payment links feature is now...
FinTech

Perpetuals Strengthens AI with Quantum Resilience as a Service

The new offering promises enhanced stability and security for fintech operations.Highlights: Perpetuals launches unique Quantum Resilience as a...
FinTech

Revolut Introduces AI Assistant for Money Management

New feature aims to enhance personal finance management for users.Highlights: Revolut launches an AI assistant for better money...
FinTech

Revolut Enhances Services with AI Assistant for Money Management

The new feature aims to simplify personal finance management for users.Highlights: Revolut launches AI assistant feature for usersNew...