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By delivering access to banking through simplicity, choice and trust, we believe in a future where financial inclusion is not a privilege but a fundamental right - enabling communities to thrive and grow
55 %prefer access to face to face banking
20 millionpeople in the UK are classed as being digitally excluded
75 %of bank branches closed
The mass shift to digital banking, has resulted in the number of bank branches reducing from 20,000, to just 5,000 today. According to Which, an average of 54 branches have closed their doors each month since 2015. Yet 55% of people would still elect to have access to physical banking facilities in their towns.
The UK is now experiencing a mission critical access to banking crisis, that has been progressively deteriorating for several decades. We're experiencing financial exclusion like never before.
Many communities across the UK are now left with little or no access to the most basic of banking services. The average journey time to reach a branch is over 30 minutes.
This includes current and future access to savings, loans, investments etc. and has left behind large segments of society, widening the gap of financial exclusion.
Banxlocal.uk has brought a revolutionary shift in thinking to the banking industry, to transform and redefine the role of the branch in retail banking. Our solution offers a unique proposition that bridges the gap between the old and the new – that combines the accessibility and personal touch of local branches, with the efficiency of modern-day digital banking.
Transform and revolutionise the role of the branch in retail banking
A hybrid model evolving from the concept of shared branches
Bringing together the innovation in the FinTech space in an accessible and user-friendly way.
A platform for digital, lesser-known banks and regional building societies to have a presence of UK high streets
Delivering access to banking through simplicity, choice and trust.
An independent branch network that can deal with multiple banks from one location
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