AltFi takes a look at how the digital banks are hiring as many of the top names have all raised...
Two of the top digital banks are now joining forces to offer savings accounts; Monzo and OakNorth are teaming up...
According to Techcrunch, UK digital challenger bank Monzo has quietly begun working on a US launch; they have setup a...
Banks have started to use their customers as product developers as the look to make the banking experience more personalized;...
Monzo has added the first batch of partnerships to their marketplace by striking deals with digital wealth investment accounts and online lenders; companies include Scalable Capital, Wealthify, Wealthsimple, WiseAlpha, Zopa, Bricklane.com and Octopus Choice; Monzo will not be making a commission from any of these agreements; the company has also opened up an interim third-party API to comply with open banking regulations. Source.
Three years ago Monzo raised money from individuals via crowdfunding; the round funded £1m in just 96 seconds according to...
Qwil’s Johnny Reinsch: ‘Our mission is to provide liquidity to SMBs and freelancers around the world’ Nationwide Announces New Partnership...
Amazon has published a case study on the digital bank Monzo; Monzo leveraged AWS to build their bank which now...
Open Banking kicked off in the UK this past January. Thus far we’ve seen slower adoption among traditional banks, a...
Surveys by finance site Smart Money People and RFI Group both point to an important time for UK based digital banks; Starling Bank and Monzo were the top two banks in customer satisfaction according to Smart Money People; RFI Group found UK customers willing to use a digital only bank dropped from 78 percent to 54 percent in the past year; while the digital only banks please customers more they are beginning to run up against incumbent competition for a similar experience; digital only banks need to begin thinking about building long term businesses as the old guard catches up. Source.