Latest Monzo News: Finextra Research

Digital challengers leave incumbents trailing in Best British Bank awards

App-only newcomers Starling Bank and Monzo took the top spots in Smart Money People's 'Best British Bank' awards, bringing an end to First Direct's three-year reign and leaving traditional incumbents trailing in their wake.

05 March 2018

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Monzo opens API to spare change app Moneybox

Monzo has opened its API to Moneybox, enabling users to round up and invest the spare change from their everyday purchases.

20 February 2018

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Monzo eyes Ireland as first stop for international expansion

Monzo is to take advantage of EU-wide passporting arrangements and follow fellow challenger Starling to launch its app-only current account in Ireland.

14 February 2018

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Monzo exploring US market launch

UK app-only bank Monzo has had preliminary discussions with regulators about the possibility of expanding its business to the US consumer market.

12 February 2018

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Bank of England resolves tech glitch; Monzo shows JPMorgan how to handle outage news

The Bank of England says it has resolved an IT glitch which hit bank-to-bank transactions in the wholesale markets yesterday.

26 January 2018

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Emma activates Monzo API integration

Money management app Emma has become the first startup to get onboard with Monzo's recently launched interim API for customer account data sharing.

22 January 2018

/regulation

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

15 January 2018

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Monzo looks into opening Cardiff office

Digital challenger bank Monzo is hiring up to 60 customer operations staffers in Cardiff as it tests the waters ahead of a decision on opening a large-scale office in the Welsh city.

01 December 2017

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Monzo lets customers tap to activate debit cards

UK digital challenger bank Monzo has found another little way to make life simpler for customers, letting them activate their new debit cards by tapping the plastic against their NFC-enabled Android phones.

15 November 2017

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Monzo scores £71 million funding round

Digital challenger bank Monzo has raised £71 million from Goodwater Capital, Stripe and Michael Moritz,

07 November 2017

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Monzo fends off suitors as current account upgrade begins

With big tech firms and banks lining up at its door to talk about a potential acquisition, digital challenger Monzo is pressing ahead with the opening of its current account service, inviting all existing users of its pre-paid card to upgrade and opening a waiting list for new applicants.

10 October 2017

/retail

Monzo tests in-app energy provider switching feature

Monzo is trialling a feature that lets customers change their energy providers through a feed item in the digital bank's app.

25 September 2017

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