Meet OneBanks: the fintech picking up after banks’ branch closures.
More than a third of UK bank branches have closed in the last five years. Between January 2015 and August 2019, 3,303 branches shut.
In February this year, Lloyds announced that it was shutting some 56 branches by October. This adds to the 655 branches Lloyds alone has closed since 2010.
The same month, Metro Bank slashed two thirds of its planned new branch openings. Since March, the coronavirus lockdown has sped up many other UK banks’ decisions to close yet more branches.
But there is one fintech looking to support individuals and banks alike off the back of these closures.