Monzo has partnered with non-profit Fair4All Finance to offer credit access to UK consumers with low or limited credit scores via a one-time deposit card.
(
finextra
)
Monzo has reportedly achieved the highest customer satisfaction among UK banks, outperforming competitors such as Chase, Nationwide, and Starling, according to a YouGov survey.
(
finextra
)
Monzo has introduced a new built-in tax filing tool, allowing users to prepare and submit their tax returns directly through the banking app.
(
finextra
)
Revolut and Monzo have launched new interest-bearing savings accounts tailored for children, increasing competition in the youth banking market.
(
finextra
)
Monzo, a UK-based digital bank, is expanding its services to offer mobile phone plans to its customers, becoming the latest financial institution to enter the telecommunications market.
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finextra , pymnts
)
Monzo has announced it has surpassed 13 million customers, with significant growth attributed to its expanding business client base.
(
pymnts , finextra
)
Monzo has migrated its investment accounts to Seccl, a platform that provides investment infrastructure, marking a significant operational change for the digital bank's investment services.
(
finextra
)
Monzo Bank has been issued a £21 million fine by regulators due to identified failings in its anti-money laundering (AML) controls.
(
finextra , pymnts
)
A startup founded by former employees of Monzo has successfully raised $13 million in funding to develop an AI chatbot technology.
(
finextra
)
Monzo is reportedly preparing for a potential initial public offering (IPO), with some reports suggesting a valuation could reach GBP 6 billion.
(
finextra , thepaypers
)