Introducing B-North… we’re on the journey to becoming a bank, currently in the process of obtaining authorisation by the PRA and FCA. Bringing together over 200 years of blue-chip financial services experience, B-North will combine leading-edge technology and innovation to deliver an outstanding borrowing experience for SME businesses. B-North also intends to offer competitive savings products to UK retail consumers and business customers. B-North is the trading name of Commercial and Northern Ltd, which is applying to the PRA and FCA for deposit-taking permissions, informally known as a ‘banking licence’.
If you are interested in details of the process we are going through, please see: https://www.bankofengland.co.uk/prudential-regulation/new-bank-start-up-unit