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5 Results from /regulation, "Monzo"

/regulation

CMA letter to Monzo about breaching Parts 3, 7, 8 and 12 of the Retail Banking Order

CMA finds breaches of Parts 3, 7, 8 and 12 of the Retail Banking Market Investigation Order 2017 and Monzo has agreed to take action to prevent a recurrence.

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Monzo implements Mors treasury system

MORS, a leading provider of comprehensive financial software solutions, is pleased to announce the successful implementation of its cutting-edge Treasury Management System at Monzo Bank, the largest digital bank in the UK.

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CMA takes Monzo to task over breach of Retail Banking Market Investigation Order

One of the measures introduced in the Retail Banking Market Investigation Order 2017 requires banks and building societies to specify the Monthly Maximum Charge (MMC) that could accrue in relation to a Personal Current Account (PCA) in any month as a result of exceeding, or attempting to exceed, a pre-agreed credit limit on a PCA.

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RDC and Monzo expand anti-money laundering partnership for bank’s US launch

RDC (Regulatory DataCorp) has renewed its agreement with Monzo, the UK’s fastest-growing bank, in a deal that will see the company’s next-generation customer screening technology extended to cover the bank’s US launch.

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Monzo to solve KYC compliance challenge with Jumio

Jumio, the creator of Netverify Trusted Identity as a Service (TIaaS), has today announced a partnership with Monzo, which will see the digital challenger bank use Netverify to help verify new and existing customers.