18 February 2018
Visit www.avoka.com

Blockchain-friendly banking startup Fiinu names Andy Briscoe chairman

01 August 2017  |  13914 views  |  0 fiinu

Fiinu, a UK startup building a "blockchain-friendly" bank has added a pair of senior financial services industry veterans to its board.

One of a host of challengers hoping to shake up the British banking scene, Fiinu is planning to distinguish itself by focusing on people and small businesses that "feel excluded or underserved" by the existing financial services sector.

In practice, this means the use of its own 'Fiinuscore' credit rating system that will see it "lend responsibly to consumers and small businesses against crypto-based assets and help their short-term credit needs with overdrafts whilst encouraging financial resiliency".

Founded by Marko Sjoblom, who previously led payday lending alternative Myjar, the firm is currently applying for a full UK banking license.

As it gets ready to launch, it has brought onboard Andy Briscoe, chair of The Money Advice Service, the government-sponsored organisation dedicated to improving the financial resilience of the UK public, as chairman.

In addition, Bank of England and Santander veteran David Hopton has been named a non-executive director.

Says Briscoe: "UK banking is going through a period of rapid transformation and I am excited to see that new entrants like Fiinu want to help those people who feel excluded from the benefits of financial services."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukvisit www.ebaday.comVisit https://www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10867 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8471 views comments | 15 tweets | 42 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8252 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7919 views 3 | 9 tweets | 6 linkedin

Featured job

London, UK (or flexible)

Find your next job