Digital challenger bank Tandem has closed on the acquisition of Harrod’s bank – the financial institution long associated with the eponymous London retail store.Tandem received regulatory approval by the Prudential Regulation Authority, a division of the Bank of England, and the Financial Conduct Authority to… Read More
Tandem, a digital challenger bank, has received regulatory approval from the Bank of England’s Prudential Regulatory Authority to acquire Harrods Bank. Tandem’s purchase of Harrods Bank is being described as a major step forward as Tandem will gain access to a full banking license, intrinsic… Read More
This is an interesting twist in the digital only challenger bank space, Tandem, one of the leading online banks, announced it will acquire 100% of Harrods Bank. If the deal is approved by regulators, this will bring £80 million of capital into the combined business…. Read More
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