Monzo

258 results about this entity

Period: 30 Jun 2015 - 15 Aug 2024

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Starling flies high in account switching race

There was a sharp uptick in the number of Brits switching their current account provider in the second quarter, with Starling Bank the biggest beneficiary.

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Researchers use bank data to understand how to reduce gambling-related harm

After analysing behavioural data from HSBC and Monzo customers, UK charity GambleAware has published a guide for financial services firms looking to help vulnerable customers.

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CMA warns Monzo over banking transaction history breaches

The UK's competition watchdog has issued a warning to Monzo after it breached a rule requiring it to send banking transaction histories to over 143,000 former account holders.

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Monzo donates surplus laptops to local schools

Today we're launching our partnership with Open Palm - a charity dedicated to supporting underfunded schools and their students in the UK. We're working with them to donate our surplus tech to local schools.

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Atom Bank's valuation set to halve on latest funding round

Atom Bank's pitch to raise £40 million from existing investors is likely to lead to a sharply discounted valuation for the app-based lender, underscoring the difficulties faced by neo banking startups in attracting investors.

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Monzo extends gambling block to payments made via Open Banking

Monzo is stepping up its mission to help customers struggling with gambling addiction, teaming up with TrueLayer to extend the block to Open Banking-enabled payments.

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Monzo calls for mandatory gambling blocks on all UK bank accounts

Monzo has called on the UK Government to mandate the use of gambling access blocks on all UK bank accounts.

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Monzo hires Carol Nelson as US CEO

Monzo has recruited Carol Nelson to take over from TS Anil as CEO of its fledgeling US operation.

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Monzo on course to raise a further £50 million

Monzo is raising a further £50 million in equity funding from existing shareholders and one new investor, Silicon Valley firm Octahedron Capital.

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Could Monzo suffer the same fate as doomed Australian challenger Xinja?

Monzo will be the first major UK challenger to face the same fate as defunct Australian neo bank Xinja, unless it changes its approach towards a more sustainable future, says GlobalData banking analyst Ketherine Long.

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Monzo founder Blomfield exits as pandemic takes toll

Monzo founder Tom Blomfield is to depart the UK challenger bank at the end of the month after admitting that the pressure of growing the firm in the midst of a global pandemic had taken a toll on his mental health.

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Brits still wary of trusting neobanks

Despite racking up millions of customers in recent years, digital challenger banks are still facing a lack of trust among Brits, most of whom do not even have faith that these new lenders will exist in a years' time, two new reports suggest.