Oxbury gained its UK bank licence in early 2020 and is in its final mobilisation stages with invitation-only customers before launching fully to the wider market later in 2020. The bank is targeting a 5% lending market share within five years of launch in a market where 70% of lending is still controlled by Barclays, HSBC, Lloyds, and the Royal Bank of Scotland, according to the official press release.
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