> The short answer is that they don't really. UK retail banking is notoriously low margin, and all of the major banks struggle to make anything from their consu

> The short answer is that they don't really. UK retail banking is notoriously low margin, and all of the major banks struggle to make anything from their consumer businesses. I do wonder why the VCs wanted into this market at all intense competition snuffed out the margins of retail banking 30 years ago and the "legacy" (read: profitable) banks are more that capable of putting together a shiny looking app