Financial Technology and Challenger Banks in the UK: Gap Fillers or Real Challengers?

Lerong Lu

Financial Technology and Challenger Banks in the UK: Gap Fillers or Real Challengers?

Lerong Lu

Laws

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Abstract

Discusses how the development of innovative financial technology (Fintech) is giving rise to new "challenger banks" entering the UK market. Examines the business models of two digital challenger banks, Aldermore Bank and Shawbrook Bank, and the mobile-based Atom Bank. Suggests why challenger banks have proved popular with investors. Assesses how they are regulated in the UK and identifies some regulatory concerns.

Original language	English
Pages (from-to)	273-282
Number of pages	10
Journal	Journal of International Banking Law and Regulation
Volume	32
Issue number	7
Publication status	Published - 1 Jul 2017

Keywords

Fintech
financial technology
Bank
challenger bank
mobile payment
financial regulation
banking regulation
law and finance
law and economics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Cite this

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AB - Discusses how the development of innovative financial technology (Fintech) is giving rise to new "challenger banks" entering the UK market. Examines the business models of two digital challenger banks, Aldermore Bank and Shawbrook Bank, and the mobile-based Atom Bank. Suggests why challenger banks have proved popular with investors. Assesses how they are regulated in the UK and identifies some regulatory concerns.

KW - Fintech

KW - financial technology

KW - Bank

KW - challenger bank

KW - mobile payment

KW - financial regulation

KW - banking regulation

KW - law and finance

KW - law and economics

M3 - Article

SN - 1742-6812

VL - 32

SP - 273

EP - 282

JO - Journal of International Banking Law and Regulation

JF - Journal of International Banking Law and Regulation

IS - 7

ER -

Financial Technology and Challenger Banks in the UK: Gap Fillers or Real Challengers?

Abstract

Keywords

UN SDGs

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