Allica: Grants its banking licence by PRA

Allica: Grants its banking licence by PRA

Allica Bank: Granted its banking licence by Prudential Regulation Authority (PRA)

  • Allica, a bespoke bank for SMEs to advance their business via tailored support and financial expertise
  • The bank will dually regulated by the PRA and also the Financial Conduct Authority (FCA)
  • Now it planning for a full launch and will ultimately offer working capital solutions and also cash management
  • It offer hands-on support from finance experts who fully committed to providing each customer with tailored business solutions
  • Allica also announced the appointment of John Maltby as chair of the board of directors
  • The banking licence is an important milestone in their ambition to offer SMEs a genuine banking alternative