Alba Bank

Alba has named former Bank North co-founder and CEO Jonathan Thompson as its new acting CEO.

The SME-focused challenger landed its UK banking licence with the FCA and PRA in March.

With the ClearBank partnership, Alba Bank aims to offer “near real-time payments” to its customers.

Alba Bank says the migration will enable it to build products at speed to meet evolving market demands.

Robert Sharpe and Andrew Lewis join as chair of the board and chief risk officer (CRO), respectively.