Metro Bank, one of the UK challenger banks, has just announced a deal to lend customer deposits through Zopa, one of the UK’s biggest peer-to-peer platforms. This is a significant in a number of reasonss. It is both the first British bank to lend through a peer-to-peer platform, and a major collaboration of challenger bank with …
Tag: Zopa
Feb 18
Challengers to the High Street
Two articles coinciding over the weekend about challengers to the big British Banks: An article in the Economist on New Banks featuring Weatherbys, Aldermore, Metro Bank, Tesco Bank and Wonga. The Bottom Line on Radio 4 featured a discussion on Alternative Finance including Giles Andrews is CEO of Zopa, the peer to peer lending website; Anil …