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I'm basing it on this: http://www.computerweekly.com/news/450400615/Digital-only-Atom-banks-is-now-open-to-public http://www.computerweekly.com/news/450400615/
by CryptoPunk 9y ago
I'm basing it on this:
http://www.computerweekly.com/news/450400615/Digital-only-Atom-banks-is-now-open-to-public http://www.computerweekly.com/news/450400615/Digital-only-At...
>The bank was the brainchild of Anthony Thomson, who set up Metro Bank in 2009, which was the first new banking organisation to open in the UK since the end of the 19th century.
>In April 2016, Atom launched its banking app after regulators lifted a restriction on its authorisation.
- joosters 9y agoThe BoE lists all registered banks and building societies at: http://www.bankofengland.co.uk/pra/Pages/authorisations/banksbuildingsocietieslist.aspx http://www.bankofengland.co.uk/pra/Pages/authorisations/bank... - FWIW, it includes Tesco Bank there. Perhaps Computer Weekly is not the best source of this information? Anyway, there's well over a hundred banks listed, and around forty building societies, so there's hardly a lack of competition.
- CryptoPunk 9y agoIt's not just ComputerWeekly. 'First new banking license issued in the UK since the 19th century' gets a lot of hits on Google. I'm pretty sure it would have been corrected if it were incorrect.
- peoplewindow 9y agoThe original statement was correct as of 2009. When the coalition came in, one of Osborne's first acts was to push the banking regulators to issue more banking licenses, due to that 100 year+ stagnation. Since the coalition, there have been a variety of new licenses issued, so the problem is now resolved.
- joosters 9y agoOops, my mistake, sorry!