Webster Bank is expected to sign an agreement with Tyra Bank to provide services to its clients in the United States, according to a person familiar with the matter.
The bank will begin to serve customers by the end of June, the person said.
The deal will allow Webster to offer its services to clients in a variety of areas including mortgage and credit card applications, and financial-services companies that need help with their finances, the bank said in a statement on Thursday.
Tyra will work with Webster to “provide financial services for the first time to clients outside of the United Kingdom,” the bank added.
The person spoke on condition of anonymity because the agreement is private.
Webster Bank declined to comment.
Tyndall is a leading international provider of consumer-focused financial services in the U.K. Tynda, which was spun out of the UBS group in 2009, also operates a branch in the country and provides online and mobile banking and money transfers.
Tyta is the largest bank by assets in the UK, with a $2.3 trillion balance and about 1,600 branches.
The British government has called for more of the banks to be opened up to competition and for the UBC to be replaced by a U.S.-based institution.
It said in October that Tyra was one of several banks to request a review of its operations in Britain, including the financial services arm of its U.KK.
The government has said that the UB’s banking structure is too tightly integrated with the UGB’s operations in London.
The U.KS. government is reviewing the future of the two banks.
Tyrea was founded in 2004 by the former head of the Royal Bank of Scotland.