The Financial Conduct Authority released firm-specific complaint data for the second half of 2019 which showed that challenger banks hold...
Monzo and Starling Bank saw more than 10,000 customers open accounts through the account switching service in the first few...
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
Sources say that the digital bank Monzo will announce their US launch plans today; Monzo has seen a lot of...
The digital bank has applied for a US banking license and is also working to open an office in San...
Monzo's CEO talks about the digital bank's growing business in an interview with TechCrunch; the firm was recently granted a UK banking license with some restrictions; the digital bank has 100,000 users with activity driven by pre-paid Mastercards and mobile applications; Tom Blomfield gives his perspective on the fintech banking market and new PSD2 regulations; Blomfield also confirmed Monzo has already turned down an acquisition offer from a major bank. Source
Tom Blomfield believes that banks focus too much on their existing financial products such as mortgages, loans and credit cards;...
The CEO of Monzo, Tom Blomfield, has warned that losses at the digital bank this year will continue to mount...
It is not very often that there is an intersection between alpacas and fintech but we learned today that Monzo...
As was rumored last month Monzo has confirmed it has closed a new £60 million round of funding at a...