Behind the rise of app-only banks in the UK and Europe, where favorable regulations and an influx of venture capital have fueled their growth (Adam Satariano/New York Times)

Adam Satariano / New York Times:
Behind the rise of app-only banks in the UK and Europe, where favorable regulations and an influx of venture capital have fueled their growth  —  LONDON — Greg Stevenson was trying to refinance the mortgage on his four-bedroom home in eastern England when things started going awry.