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Former banking lobby chief Jones joins shared branches start-up OneBanks

Former banking lobby chief Jones joins shared branches start-up OneBanks

Business
The former boss of Britain’s most influential financial lobbying group is throwing his weight behind the trial of a service that it wants to become a national solution to the disappearance of thousands of bank branches across Britain.Sky News has learnt that Stephen Jones, who ran UK Finance until last year, has joined OneBanks as its vice-chairman. The start-up, which is piloting a shared branch kiosk in a Co-op store Denny, near Falkirk, Scotland, plans to raise millions of pounds in a Series-A fundraising during the summer, according to insiders.It has already secured capital from backers including Rupert Pennant-Rea, former deputy governor of the Bank of England, and Baroness Bottomley, the former Conservative cabinet minister.OneBanks has been set up to provide an answer to one of the...