Monzo unveils plans to offer a bank account for children Children will be able to choose a brightly-coloured card and receive scheduled pocket money payments The Independent UK · Jul 16, 2024
‘It’s very troubling’: thieves use vulnerable man to take out £28,000 bank loan Metro Bank faces questions over safeguards and why victim was allowed to borrow such a big sum The Guardian - UK · Jul 6, 2024
Monzo makes first profit even as credit losses soar Monzo Bank reported its first annual profit after more than doubling its revenue last year, though it made provisions for bad loans worth more than a tenth of its lending book. Evening Standard · Jun 3, 2024
Monzo's 'Flex' card helps it build 20% stake in Buy Now Pay Later market, research finds Monzo’s ‘Flex’ card has helped the London fintech build a 20% stake in the UK’s Buy Now, Pay Later market, new research has found. Evening Standard · Apr 22, 2024
‘Every penny has a purpose’: the rise of zero-based budgeting Growing social media interest in method of tracking spending and saving prompts banks to get in on the act The Guardian - UK · Apr 20, 2024
Monzo to clinch extra £350m from investors before expected listing Digital bank’s funding round led by CapitalG, the vehicle of Google’s parent company Alphabet The Guardian - UK · Feb 20, 2024
Apple Cash will work in stores that don't accept Apple Pay when iOS 17.4 launches, finally bringing it in line with Monzo, Wise, and other rivals iOS 17.4 beta adds a ‘virtual card number’ feature to Apple Cash, so you can pay at stores that don’t accept Apple Pay. iMore · Feb 13, 2024
It's a question of time before the UK gets its own Bitcoin ETFs City Voices: Just as London played host to successful fintech pioneers such as Starling and Monzo, so equivalent success for digital assets firms can now happen Evening Standard · Jan 23, 2024
So, Spotify knows how many hours I spent listening to Taylor Swift. But only I know why Every tech company from Monzo to my bank is crunching my data. All the results tell us is how dull it is to reduce human experience to numbers, says journalist Elle Hunt The Guardian - UK · Dec 28, 2023
‘It ruined Christmas’: How not to argue with your partner over money this festive season Whether you’re fighting over the electricity bill or frustrated by the cost of the turkey, Christmas is ripe with opportunities to tussle with your partner over finances, writes Olivia Petter. But is there a smarter, easier way to deal with it all? The Independent UK · Dec 24, 2023
U.K. fintech used to be a side hustle for bored finance executives in the wake of the Global Financial Crisis. Now it’s an industry with the potential to rival the country's big banks The 5 leading banks in the U.K. have experienced a sustained decline in market capitalization since 2008. Meanwhile, fintech has become the most valuable segment of the British tech industry. Fortune · Nov 3, 2023
TSB reimbursed 15 times more customers’ fraud losses than Monzo in 2022 Regulator figures show huge differences in banks’ treatment of fraud victims, from 94% of claims refunded by TSB to 6% at Monzo The Guardian - UK · Oct 31, 2023
Banks’ performance in dealing with APP scam victims revealed by regulator The Payment Systems Regulator said there are inconsistent outcomes for customers who report an APP scam to their bank or building society. The Independent UK · Oct 31, 2023
Employers urged to sign up to new pledge to help homeless in the workplace Thames Water, Pret A Manger and Monzo are among the firms which helped draft the covenant. The Independent UK · Sep 13, 2023
The Independent UK · Sep 6, 2023 Monzo launches industry-first ‘call status’ tool to stall impersonation scams The in-app feature will tell customers whether the bank is calling them or if they are being targeted by fraudsters with an attempted scam.
Evening Standard · Aug 21, 2023 Free pasta and tree-planting: the smartest new credit and debit cards offering perks for Londoners From the rewards card for fitness-loving foodies to the UK’s first green debit card, Katie Strick picks the best to add to your wallet
Evening Standard · Aug 15, 2023 Monzo is UK’s best bank, Virgin Money and RBS the worst, says CMA survey The Competition and Markets Authority’s latest satisfaction survey asked customers how likely they would be to recommend their provider to a friend, relative or other business
The Independent UK · Aug 15, 2023 Digital banks beat high street lenders in customer satisfaction survey Monzo was voted the best provider for individuals and businesses in a survey of thousands of people in Britain.
The Guardian - UK · Aug 14, 2023 City watchdog to contact MPs and other PEPs to ask if they have been debanked Inquiry aims to find out extent of denial of banking services to politically exposed persons such as politicians and army leaders
The Guardian - UK · Aug 8, 2023 UK banks to be given two weeks to explain closing of customer accounts Regulator to write to more than 20 of largest lenders after Nigel Farage’s accounts were threatened with closure
The Guardian - UK · Jul 28, 2023 I’m secretly a Coutts customer but for people like me there’s little point You need be rich to take advantage of the actually useful stuff – I hide my card and just use my Monzo
Evening Standard · Jul 28, 2023 Gina Miller told her party political bank account will be closed Concerns over ‘debanking’ have risen after Nigel Farage controversy
The Independent UK · Jul 28, 2023 Anti-Brexit campaigner calls for investigation into banks after Monzo account closed The leader of the upstart True & Fair political party said challenger bank Monzo is closing its account with the group after two years
The Conversation · Jul 13, 2023 What is a 'politically exposed person' and why do the likes of Jeremy Hunt and Nigel Farage claim the status prevents them getting bank accounts? Reports vary as to why the private bank Coutts decided to close the account of former UKIP leader Nigel Farage. He claims he was excluded for his political views, the bank says the problem was a lack of funds. But either way, his case does highlight a wider and longstanding…
Evening Standard · Jul 12, 2023 London fintech Monzo preparing merger deal with Nordic rival Lunar The mobile bank is also considering other acquisitions in Europe