Community

Aamil Ghani Associate at Bovill

Who’d want to be a bank?

On the coat-tails of Monzo, Starling and other ‘challengers’, e-money and payment service providers are increasingly looking to “upgrade”: become authorised to be a bank. There is a logical path to be taken: starting as a payment services firm, which is not able to hold customer balances overnight, to becoming an e-money firm, which can hold e-wal...

10 July 2018 /regulation Fintech