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Why the High Street banks should start to be concerned by the Challenger banks
In the last couple of weeks two Challenger banks have hit the UK. N26 is a German direct bank, headquartered in Berlin, that offers its services throughout most of the... more
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Digital start-up Tandem acquires Harrods Bank
Digital start-up bank Tandem has agreed to buy Harrods Bank, four months after seeing a £35 million funding deal collapse. Tandem, which says it is building a mobile-only bank, announced on Monday that it has signed a deal to buy the banking business of Harrods. The financials of the deal have not been disclosed. Harrods Bank will bring £80 [...]
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House of Fraser invest £35 million in challenger bank Tandem
House of Fraser is reported to be investing £35 million into the app-only challenger bank Tandem to offer financial services. The investment is reported be part of a tie-up between the startup and House of Fraser, according to a release from Tandem. The department store wants to offer financial services to customers through its partnership with [...]
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