Challenger Banks in the UK Offering Unconventional Banking Experiences

When FinTech turned banking into a seamless experience instead of a chore, former bankers and talented entrepreneurs around the world created a whole new approach to the banking business, eliminating the physical component of a financial institution and focusing on the channel most important to modern consumers – mobile. A range of countries can ‘brag’ about national challenger bank ecosystems, but there is a particular country ahead of the world – the UK.

Not only has the capital of UK long been considered one the world’s leading FinTech hubs, but the mobile-only bank ecosystem in the country is one of the most competitive and advanced. A wide stream of investments in the country’s FinTech ensured organic growth and evolution. In fact, in 2014, $66 million were invest ...

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