Iâm not sure any of them are going to disrupt much but itâs good to have competition
Good luck to them but canât see anything that would make them stand out.
I think that has always been the challenge in entering the UK market, you need something that separates you from the rest.
I would certainly take note if any were offering support for business accounts that could cover my use case
And that Alba Bank logo is ace 
The aesthetic quality of (prospective) bank websites has wildly improved though
Feel this is more of a paid promotional advert article than anything, nothing stands out to see why theyâd last.
Regardless to better website design, I think the past few years this has become very common, almost a template for any sort of new digital product - fantastic looking website which indicates a professional well backed product but many times hasnât been the case.
Outside of Monzo, Starling and the usual legacy banks canât see anything changing.
Maybe weâll see Chase open credit products, but I donât think theyâll offer much than a basic Credit Card if that becomes a thing. I think they need to boost their marketing/advertising to be honest, this forum aside (massive thread) since the first few months of launch Iâve barely seen or heard much from them anywhere else.
I think 2 of them do have a fairly strong (although small) market that theyâre aiming for - Alba Bank targeting small businesses in Scotland, and Conister will be targeting those with Isle of Man links (either ex-Isle of Man residents living in the UK, people who do business on the Isle or people trying to get an easy route into the different tax rules for the Isle).
Bevan seems to be a bit fuzzy in what theyâll be offering - Public Sector workers but what actual products? Loans? Savings? and why would public sectors workers choose them over established banks?
None of them will be challenging any of the established Fintechs (Monzo, Starling, Revolut, even Chase if you can class that as a Fintech) let alone the main traditional UK banks.
I suspect theyâre targeting the Holts crowd, I.e join the forces and bank with us while you travel the world. Canât really see why any public sector worker would go there instead of elsewhere but Iâd be interested to see why that might be.
Interestingly, they donât seem to have any VC or funding behind them, wonder where the seed capital is coming from. There must be some.
They also appear to be going for the mortgage crowd, this would be good as itâs an area that really does need some positive disruption, digitally speaking.
I wouldnât categorise Chase overall as a fintech but their UK offering currently is basically that for now.
I know Covid got in the way, and I think itâs their second crack at this market, but I remember reading articles before launch of their plans, expectations and I donât think theyâve either got as much share as theyâd like to jump to the next stage or halting further investment for longer than planned,
The public sector bank audience is very niche and seems a bit unviable from the outside.
Itâs definitely a legacy attempting Fintech. And, so far, quite well think. Itâs a long game for them though, like 5-10 year plan vs scrappy startup
Itâs a strange segment to target. My theory is military families is where theyâre really going for, things such as good rent and mortgage deals etc.
I canât see why public sector works would go for them (Bevan) over other banks.
Though, clearly, theyâre influenced by Aneurin Bevan and the NHS.
There already some places that specifically target various public sector outfits. For example, CommSave credit union, CSMA insurance, Holtâs, and some others. Where they score is via links to the payroll department e.g. you can save in CommSave directly from salary. CSMA are generally much lower cost for some insurance (civil servants supposedly being safer drivers) and, again, direct access to the employees helps no end in drumming up custom.
This is what I canât work out. Whatâs really the differentiator here. Mortgages seem to be the track but again others must offer these.
Good luck to them all, but as as said above, canât see any of them making it. Pretty websites donât pay the bills.
I think youâre wrong there. Chase seem to be in it for the long haul. That said, I think their first card will be something like the American Freedom one but I think weâll see Sapphire in due course as part of, in UK terms, a Premium account package.
I think theyâre not going all out on the marketing to give their teams a chance to develop more depth in their offering. After all, Nutmeg has only been in their mix for under a year (and not really that integrated yet).
Could be right. I still think until the credit products come along they wonât get them profitable customers they require though. But as you say itâll be part of a plan
JP Morgan Chase arenât a fintech by normal standard, they are a big bank with a uber CEO making a massive bet on digitising themselves. Very different to a Monzo, Starling or Revoult