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Nick Ogden, who sold Worldpay to Royal Bank of Scotland in 2002, is planning to launch ClearBank in the coming months after receiving a licence from the financial regulators. Competition is heating up!
The bank will be headed up by former Royal Bank of Scotland senior manager Charles McManus as chief executive, while Mr Ogden will serve as chairman, according to filings with the Financial Conduct Authority. Mr McManus served as chief financial officer of RBS’s Ulster Bank in Ireland until 2012. The new bank, which will focus on fintech and “intelligent accounts”, according to its website, will join a stream of other digitally-focused lenders that are planning to launch over the coming months.
https://www.ft.com/content/cf8f69fc-d8e7-11e6-944b-e7eb37a6aa8e
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