The UK Still Has Challenges for New Entrants into Banking

The UK’s banking market has seen a number of new entrants since the financial crisis but it hasn’t been easy for these firms a to get off the ground; a new report, commissioned in part by Metro Bank, says there is a glass ceiling for challenger banks; a chief executive of one mid-sized bank said to the FT that while the UK has “got rid of a lot of the barriers to entry”, it has added “barriers to growth”; regulation is still most beneficial to the big banks and it will need to change if some of these new challengers are to make a run at the biggest names in the market. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.