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Zopa Seeks Bank Licenses
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Zopa Seeks Bank Licenses

Zopa Seeks Bank Licenses

Fintech Nexus Staff·
EuropeNews RoundupOnline Lending
·Nov. 16, 2016·1 min read

Zopa has announced it plans to apply for banking licenses; company will be the first alternative finance platform to seek licensing as a bank; CEO Jaidev Janardana wrote to clients on Wednesday with details on the company’s plans; Zopa will seek to offer deposit accounts and new lending products; requires Prudential Regulation Authority and Financial Conduct Authority licenses which the company expects to take 15 to 24 months.  Source

 

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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