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

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...
FinTech

Crypto.com Cuts 12% of Workforce Amid AI Shift

The company streamlines operations in response to evolving market dynamics.Highlights: Crypto.com reduces workforce by 12%Focus shifts to AI...
FinTech

Tide Strengthens Leadership with PPRO CTO Appointment

The fintech company welcomes a new chief technology officer to enhance its team.Highlights: Tide appoints ex-PPRO CTO to...
FinTech

Visa Overcomes Legacy Issues with Unified API for Intelligent Authorization

New API aims to streamline payment processes and enhance security features.Highlights: Visa launches a unified API to improve...