The UK banking sector has seen big four branch networks rapidly shrink, plus the arrival of online brands like Revolut, Starling and Monzo. As Apple and Google Pay have made big inroads into everyday smartphone payments does the UK consumer need another bank? Maybe so, say hello to thisbank;
A new name has arrived in UK banking. [Thisbank.co.uk]thisbank has officially launched as a British bank, transforming from a new entrant to one of the UK’s most trusted savings providers in less than 12 months. It has grown assets under management 12x, now looking forward to moving significantly north of its billion-pound balance sheet and achieving profitability in under one year.
Built from the ground up, the transformation and launch under the new name has a clear focus on sustainable growth, a strong investment strategy, and human-centric customer service, thisbank has earned a reputation for innovation and simplicity that is reshaping customer expectations in modern banking.
thisbank was created by revitalising the UK arm of JN Bank under new leadership and ownership. Now backed by UK and US investment, a new leadership team from some of the biggest names in banking, the bank combines deep industry expertise with a distinctly British outlook.
Chris Waring, CEO of thisbank, said, “We’ve built a profitable, fast-growing bank in under a year. Our strategy is clear, deliver customer-focused savings rates, invest in specialist assets where others can’t compete, and never lose sight of the fact that banking is about people, not just numbers.”
Under the leadership of CEO Chris Waring, who brings extensive experience from Lloyds, Barclays, and private equity, and Chief Transformation Officer Declan Halton-Woodward, a former private banker and senior public servant, thisbank is designed to serve everyday savers with clarity, fairness, and a human touch.
At thisbank, humans are the priority. Customers can always speak directly to a person, ensuring a banking experience that respects the complexity of real life.
The bank offers a range of easy access and fixed-term savings products, with competitive rates across 2-, 3-, 4-, and 5-year deposits, raising hundreds of millions of pounds in new deposits, with a minimum deposit starting at £1 and a maximum of £500,000.
Declan Halton-Woodward, Chief Transformation Officer, added, “thisbank is built around people. Humans are complex, so we make sure our customers can always speak to one of ours. While we are technology forward, our approach will always be customer-first.”
thisbank’s investment approach focuses on specialist assets and portfolios, areas that require dedicated expertise and careful attention, setting the bank apart in today’s competitive mainstream market.
Chris Waring concluded, “We don’t just want to follow the market, we want to deliver what our customers need. Our promise is simple – competitive, sustainable savings for customers”.
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