Is white label the future for the UK banking market?

Jonathan Jensen, @sevendotzero, has been contributing to the Terrapin blog and talking about consumer banking.

The UK banking market needs more competition from providers who can deliver customer centric services in the way consumers want to consume them. This means products from people who understand consumers and who are not driven by protecting legacy products. So far new competition has been very limited; examples include Metro Bank who went down the banking licence route and Virgin Money who bought Church House Trust and then Northern Rock.

via Is white label the future for the UK banking market? Guest post from Jonathan Jensen.

Jonathan makes some good points in his article. I would add that the good work being done by the Fairbanking Foundation may ultimately lead to consumer current accounts being more favourably compared to prepaid accounts.

author avatar
Kevin Harrington
I’m a UK-based B2B marketing consultant, specialising in strategic advice for SME business owners. I bring extensive hands-on expertise to every client engagement. Senior leadership roles across technology, media, payments, and publishing have shaped my practical approach. Highlights include serving as Chief Marketing Officer at The Panoply plc (now TPXimpact), Chief Commercial Officer at Tungsten Network, and Global Marketing Director at BBC Worldwide. Over the years, I’ve guided numerous SMEs through transformation and value creation. Helping businesses evolve and thrive is a genuine passion. Practical marketing insights and succession planning strategies are at the heart of what I do, as I believe growing a business’s asset value should be a rewarding and positive journey for every entrepreneur.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *