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Dubai Investments buys 9% stake in UK challenger Monument Bank

January 30, 2023

Following the investment, Monument, which is regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), says it is looking to expand its product suite and services to cater to the mass-affluent both in the UK and globally.

Monument claims to be the first digital bank to cater to the “very large but overlooked” mass-affluent segment in the UK, offering banking and related financial services including lending and savings products via its app.

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