Zopa to launch digital bank

Zopa, the world’s first peer-to-peer lender, announced their intention to launch a bank to enhance their market-leading peer-to-peer business, a press release reveals.

Jaidev Janardana, CEO of Zopa said

“The regulatory authorities in the UK have created an environment that encourages innovation, the adoption of new technologies and an increase in competition in the banking sector. We are responding to the positive regulatory environment and building on our experience to bring yet more choice to the market.”

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