Strategy, Growth, and Future of Tandem Bank: Can the Challenger Bank make the Most of the Open Banking System?
| Case Code: FINC182 Case Length: 9 Pages Period: 2015-2019 Pub Date: 2021 Teaching Note: Available |
Price: Rs.400 Organization: Tandem Bank Industry: - Countries: United Kingdom Themes: Banks and Banking, Financial Institutions |
Abstract Case Intro 1 Case Intro 2 Excerpts
About Tandem
Tandem Bank was a challenger bank founded in 2015 by the trio of Ricky Knox (Knox) (an MBA from INSEAD, Knox was an entrepreneur who built several successful businesses), Matt Cooper (Cooper) (a Chemistry Graduate from Princeton university, Cooper was Principal Managing Director of Capital One Bank Europe plc.), and Michael Kent (Kent) (an MBA from INSEAD, Kent co-founded several companies including Azimo, a successful European fintech company). Tandem’s humble yet ambitious vision was to 'build a good bank' and it had the customer-centric mission ‘to free customers of money misery'.
Talking about the future of the European banking sector, Knox said, "The mortgage sector in the UK is primed for a shake-up. It's hard for most people to get on the property ladder and we want to help them embark on that journey with new tech and a customer-first approach to design."...
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