Banks have started to use their customers as product developers as the look to make the banking experience more personalized;...
Only 98,192 account switches took place in Q2 2020, down 65 percent from Q1 when more than 280,000 switches took...
Monzo has received a full banking license from the Bank of England's Prudential Regulation Authority and the Financial Conduct Authority; the licensing follows new fundraising that meets the banking capital requirements; it now plans to launch a current account and a current account overdraft product. Source
According to a new study by consultancy firm A.T. Kearney the combination of digital only banks and the fact that...
Though Monzo has seen a share of issues and outages recently the company says the third party marketplace is core to their vision; they also explained it was a key part of their revenue drive and will help to drive down costs per customers in the near future; Monzo have plans to expand product offerings, potentially launch in the US and build out partnerships in the near and mid term future. Source.
Challenger banks Revolut, Starling Bank and Monzo are all reported to be out fundraising; Business Insider reports that Revolut will...
Monzo and Starling Bank saw more than 10,000 customers open accounts through the account switching service in the first few...
In this conversation, we break down recently published annual reports from Revolut, Starling and Monzo, three of the leading European digital banks. There are some fascinating insights to be drawn from the documents, especially in the context of the broader global fintech market. This is rich subject matter, and we surely didn’t cover everything.
Tom Blomfield started Monzo over five years ago and has now decided to step down as CEO; he will now...
This week, we put on the Goldman hat and go shopping for companies. We buy a little bit of Folio and sell some Motif. We look at Personal Capital and the $1 billion it wants for its $12 billion of assets. We examine the private markets with Addepar / iCapital and SharesPost / Forge, and then move over to the banking sector. Should we buy Wells Fargo, as rumored, or some digital wallet apps? Read on for how to acquire a best-in-class Fintech.