Latest Monzo News: Finextra Research

Monzo launches poll on overseas ATM fee levels

Monzo is ditching free overseas ATM withdrawals after concluding that the feature is costing it too much. However, rather than simply imposing a fee, the UK digital bank is now asking customers to vote on how it should charge them.

13 September 2017

/retail

Monzo appoints Curve co-founder Foster-Carter COO

Curve co-founder Tom Foster-Carter is leaving the London-based fintech startup to take up the COO role at digital bank Monzo, according to TechCrunch.

11 August 2017

/retail

Monzo treads cautiously as first current accounts come onstream

Digital challenger Monzo has rolled out its first 92 current accounts as part of a staged implementation that will see up to 20,000 of the limited-edition accounts activated in the next three months.

17 July 2017

/retail

Brits unmoved by new digital challengers

Brits may be the most prolific users of digital banking services across Europe, but only 14% would contemplate switching to an app-based challenger bank, according to a study conducted by Mastercard.

10 July 2017

/retail

Monzo disables card features as services go awry

UK challenger bank Monzo has disabled card payments for customers after suffering an unspecified issue with a supplier.

06 July 2017

/retail

Monzo pays a high price for popularity as losses widen to £6.7 million

App-only challenger bank Monzo is looking to move more customers to its forthcoming current account and away from its loss-making pre-paid card service after racking up a pre-tax annual loss of £6.7 million.

05 July 2017

/regulation

Monzo may have to freeze some accounts under new money laundering rules

Digital challenger bank Monzo is warning 20,000 customers that it may have to temporarily freeze their accounts if they fail to provide additional verification information under new money laundering regulations.

13 June 2017

/retail

Monzo puts API development on the back burner

Digital bank Monzo is putting its API developer plans on ice as it faces up to the challenge of launching current accounts for its 190,000 customers.

12 May 2017

/retail

Monzo opens doors to community collaboration

Digital challenger bank Monzo has earmarked a dedicated space in its East London headquarters building as a collaborative community room, to host events and test out new ideas with its growing membership base.

28 April 2017

/retail

Flux aims to re-imagine paper receipts

Flux, a fintech startup founded by three of the first four employees of money transfer firm Revolut, has begun pilot trials of a service to convert paper til receipts to mobile data services in partnership with retail chains Eat and Bel-Air and digital challenger bank Monzo.

24 April 2017

/regulation

Monzo gears up for current accounts after receiving full banking license

UK digital challenger Monzo has had its banking restriction lifted, enabling it to start bringing current accounts to its users.

05 April 2017

/retail

Monzo attracts largest-ever crowd for £2.5 million round

Digital challenger bank Monzo has completed its £2.5 million crowdfund raise, attracting a record-breaking 6500 investors to the funding round on Crowdcube.

29 March 2017

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