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UK's latest challenger bank, Masthaven, opens for business.

BANKING AND CREDIT NEWS-November 29, 2016-UK's latest challenger bank, Masthaven, opens for business

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A new challenger bank launched in the UK on Monday.

Masthaven is a digital-only bank which offers both savings and lending products. According to the bank, these products are shaped around customers' individual needs.

For example, savings account customers have the option to set their own personal fixed-term.

"In a world of traditional banking, where customers must tick boxes and match algorithms, Masthaven's team of specialists use smart technology to help customers and intermediaries either hit their savings goals or make lending decisions with personalised products," the bank said.

Masthaven was awarded its retail banking licence in April.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:4EUUK
Date:Nov 29, 2016
Words:130
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