Mobile-only bank goes live in the UK

UK banks Clydesdale Bank and Yorkshire Bank have launched B, a mobile-only bank developed in partnership with design consultancy Market Gravity. “The B proposition is built around an app, available for free for the first 12 months then for £2 a month,” says Market Gravity. “As well as allowing users to sweep cash between current and savings accounts and make payments at the touch of a button, B will offer multiple savings pots, tagging and tracking of spending and tailored messages and hints and tips.”