Finance Breaking news Estonia's LHV preps UK bank for fintechs last financial news

Breaking-Finance.Com - Estonia's LHV Group is gearing up to apply for a UK licence for a standalone bank serving the fintech market.

Finance Breaking news Estonia's LHV preps UK bank for fintechs last financial news

Breaking-Finance.Com - Estonia's LHV Group is gearing up to apply for a UK licence for a standalone bank serving the fintech market.

Finance Breaking news Estonia's LHV preps UK bank for fintechs last financial news
05 February 2021 - 15:45

Breaking-Finance.Com - Estonia's LHV Group is gearing up to apply for a UK licence for a standalone bank serving the fintech market. LVH opened a UK branch in 2018, providing payment services to the fintech community, including the likes of Transferwise and Coinbase.Now the firm plans to make a split between its retail client-serving bank in Estonia and the UK business.LVH UK has been registered as a private limited company and will "shortly" start the process of applying for a banking (credit institution) licence.

. Kilu will also serve as CEO.Says Kilu: "We’ve had incredible success in the UK since we set up shop here three years ago. Our client base has quadrupled and our expanding portfolio of services has made us a preferred banking partner for the global fintech community. "The decision to found a new fintech focussed bank was taken to ensure that we can continue offering the best possible service for our clients in the long term."

Source = Breaking-Finance.Com

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Finance Breaking news Estonia's LHV preps UK bank for fintechs last financial news


Finance Breaking news Estonia's LHV preps UK bank for fintechs last financial news


Finance Breaking news Estonia's LHV preps UK bank for fintechs last financial news


Finance Breaking news Estonia's LHV preps UK bank for fintechs last financial news

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