Fintech

JPMorgan must stand out in crowded field for UK digital banks — experts

US banking giant would find itself in a 'saturated' UK market

JPMorgan must stand out in crowded field for UK digital banks — experts
Photo: Getty Images

JPMorgan’s planned move into UK retail banking has left analysts asking how the Wall Street bank will stand out in a crowded field and avoid a repeat of a digital snafu in its home market.

It emerged this week that the largest retail bank in the US by assets is looking to launch a digital banking service for British customers as early as this year and is seeking regulatory approval.

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