To encourage competition in the space, the UK recently reduced certain capital requirements in relation to banking start-ups, compared to established banks. Thi

To encourage competition in the space, the UK recently reduced certain capital requirements in relation to banking start-ups, compared to established banks. This article has some good background: http://www.bloomberg.com/news/articles/2015-08-18/mondo-s-ceo-wants-to-build-a-bank-for-people-who-hate-banks http://www.bloomberg.com/news/articles/2015-08-18/mondo-s-ce...