News in Brief

Glory Ups Investment in OneBanx

Cash technology solutions specialist Glory has announced the acquisition of additional shares in the fintech OneBanx, the fully managed shared banking solutions provider. As a result, Glory now holds 91.99% of OneBanx’s outstanding shares.

Founded in 2019, OneBanx developed its shared banking solution to deliver basic banking services in areas where traditional bank branches have closed, utilising off-site premises such as supermarkets, building society branches, shopping malls and local community hubs.

The solution – a low cost, pop up kiosk format that provides face-to-face banking services on behalf of multiple banks and financial services clients – is available to both individual and business customers through personalised assisted service and advanced self-service. It is currently live with three UK financial institutions.