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Atom bank cites regulatory uncertainty – postpones current account launch
Atom bank, the UK’s first app-based bank, is reported to be delaying the launch of consumer current accounts until at least 2018. Atoms CEO blames forthcoming regulations that make the UK’s personal banking market too “ambiguous and uncertain”. The digital-only lender, which has amassed close to £500m in loans and almost the same amount of deposits since its launch in [...]
The post Atom bank cites regulatory uncertainty – postpones current account launch appeared first on Payments Cards & Mobile.
