Virgin Money has set out its plans to take on the small business banking market, announcing a “refreshed” strategy that it hopes will benefit from government efforts to increase competition in the sector. more»
To find out if UK banking’s newest entrants have revolutionised financial services for entrepreneurs, we’ve handpicked the best challenger banks available today. more»
The UK government and EU commission have agreed in principle a plan to resolve Royal Bank of Scotland’s (RBS) state aid commitment, with a package of measures designed to improve Britain’s market for business banking. more»
The creation of a state-run “Post Bank” would improve access to financial services for small UK business owners as high street lenders move away from in-store banking, according to a new report. more»
The Royal Bank of Scotland has set aside £835m to facilitate the switching of customer accounts to eligible challenger banks, after the government confirmed funded measures to boost business banking competition. more»
Atom Bank serves both small business and personal banking clients through a smartphone app, doing away with the traditional face-to-face banking models of high street lenders. more»
Reinventing the traditional banking model, CivilisedBank will introduce a network of “local bankers” to develop one-to-one relationships with small business customers. more»
Small business owners wait almost three weeks to book a face-to-face meeting with a bank advisor and open an account, as new research suggests high street banking is failing to serve Britain’s entrepreneurs. more»
Having set up at 11 and now running a company with 30 staff, Ben Towers hopes getting a business bank account from Metro Bank at 17 will make it easier for fellow young entrepreneurs to do the same in the future. more»
In a further pledge to small businesses, the self-declared “entrepreneur’s bank” has said that increasing the number of local business managers across the country will ensure a higher proportion of startups get off the ground. more»
