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Tide (Tide Platform Limited) is a UK financial technology company providing mobile-first banking services for small and medium-sized enterprises.It enables businesses to set up a current account and get instant access to various financial services (including automated bookkeeping and integrated invoicing).
The largest of the "Big 4" banks in every relevant metric is HSBC Holding (the Hongkong and Shanghai Banking Corporation) which, despite its name, is a British universal bank and financial services group headquartered in London, with historical links to business in East Asia.
Allied Irish Bank (GB) offers a full range of business banking services, delivered online and through 21 branches in Great Britain. The bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.
Monzo was one of the earliest of a number of new app-based challenger banks in the UK. [5] Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a full current account. [6] As of June 2024, Monzo had over 9.3 million customers. [2]
British Business Bank plc (BBB) is a British state-owned economic development bank established by the UK Government. Its aim is to increase the supply of credit to small and medium enterprises (SMEs) as well as providing business advice services.
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Over the past 40 years (to 2014) the banking system in the UK experienced a 'dramatic shift' with total assets increasing from 100% of GDP to 450%, and it is 'plausible that the UK banking system will continue to grow rapidly', owing to its probable 'comparative advantage' in international banking services, with the pre-eminence of London as a ...
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