Challenger and Specialist banks

In Banking and capital markets

In a fast-evolving landscape of banking, Challenger and Specialist banks are continuing to disrupt the market, harnessing the use of technology and digitalised alternatives to offer more choice to UK consumers as well as small and medium sized enterprises.


What EY can do for you

The rise of Challenger and Specialist banks has been disruptive within the Financial Services sector over the last decade. Whilst there are several common issues across the industry such as a challenging macro-economic environment, competition and increased regulatory pressures, this high growth sector will continue to have a bright future through embracing innovation and business-led transformation.

We combine our deep understanding of this sector with our technical experience across assurance, tax, transaction and advisory services to deliver the right capabilities and offerings for companies who are challenging the status quo in banking at any stage of their growth journey.

Our capabilities include tailored service propositions to your sector that; 

  • Help respond to rapidly evolving competitive dynamics through reshaping corporate and customer strategies 
  • Harness technology to help you become more agile and efficient
  • Support you in raising and optimising capital, and executing mergers and acquisitions
  • Assist with the design and implementation of effective, flexible and robust compliance and control functions to address financial, conduct, operational and climate change risks
  • Support growth through outsourced or managed services such as regulatory reporting, IFRS 9 modelling, internal audit and more
     

Our team is committed to understanding how best we can support your journey at any stage.   


The value of small and mid-tier banks to the UK

Read our paper on the UK’s small and mid-tier banking sector and the substantial benefits it brings to individuals, enterprises and the UK economy.

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EY Challenger and Specialist banks database

 

Challenger and Specialist banks are transforming the UK banking landscape. Our database allows users to benchmark the performance of this industry segment as well as over 40 individual banks within it.

 

This database is best experienced on a desktop device.

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