ClearBank: Third of fintechs face regulatory scrutiny due to agency banking partners

The UK clearing bank’s report, ‘How well are fintechs served by banks? The state of agency banking across the UK and Europe’ outlines the ways agency banks have inhibited the ability of fintech business to thrive. These include intervention from the regulator, delayed launch of a product, unforeseen increase in costs, caused a loss of revenue, caused a service to go down or be unavailable.
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