Creating a new UK bank for SMEs
The Situation
To build an ethical bank offering lending products to the SME market.
The Task
To attract funding for the firm’s Regulatory Business Plan as precursor to their application for a UK banking license using the FCA’s “mobilisation” route
The Action / Approach
Built a detailed financial plan for the operations of the new bank. Designing a target operating model (TOM) and writing plans for the new bank’s mobilisation
The Result
Created a detailed case and prospectus for investors. Determined the required budgets to set-up the bank. Identified third party service suppliers. Worked as part of the core founding team.
