Monzo

259 results about this entity

Period: 30 Jun 2015 - 17 Sep 2024

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Brits still wary of trusting neobanks

/retail

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.

Monzo pockets another £60 million in funding

/retail

Monzo pockets another £60 million in funding

UK challenger bank Monzo has picked up another £60 million in funding from a clutch of new backers including Deliveroo and Stripe investor Novator, Kaiser, and TED Global, as well as existing investor Goodwater.

Ticketmaster fined £1.25m over data breach that led to fraud on thousands of cards

/security

Ticketmaster fined £1.25m over data breach that led to fraud on thousands of cards

Ticketmaster has been fined £1.25 million over a 2018 data breach which saw the payment details of millions of people compromised, with tens of thousands of cards subjected to known fraud.

Starling and Monzo top the charts for currrent account switchers

The Current Account Switch Service today publishes the Q3 2020 Dashboard1 reporting the latest switching figures and trends.

Monzo launches £15 per month Premium account

Today we're launching Monzo Premium, our newest account. It's banking that makes a statement, and it comes with our first metal card.

Starling Bank follows Monzo with new charging structure

/retail

Starling Bank follows Monzo with new charging structure

Starling Bank has joined Monzo in leveling a range of new fees for services relating to its GBP and Euro accounts.

Monzo bids to cut costs with new fees for ATM withdrawals and lost cards

/retail

Monzo bids to cut costs with new fees for ATM withdrawals and lost cards

Monzo is to slap free-loading users with a three percent charge for ATM withdrawals amounting to over £250 per month and a £5 fee for replacing lost cards.

PRA challenges business models of new banks in consultation paper

/regulation

PRA challenges business models of new banks in consultation paper

In a recent consultation paper, the Prudential Regulation Authority (PRA) set out its proposed approach to the supervision of both new and growing non-system UK banks.

Monzo, Starling and the lessons for challengers post-Covid

/retail

Monzo, Starling and the lessons for challengers post-Covid

Recent weeks have brought news of differing fortunes for two of the UK’s flagship digital challenger banks. With Starling confidently announcing it would break even by the end of 2020, Monzo has described “the significant doubt” that Covid-19 had cast on the bank’s ability to continue.

A tale of two banks: Monzo vs Starling

/retail

A tale of two banks: Monzo vs Starling

While other digital challengers struggle to keep afloat during the pandemic, Starling Bank says it remains on course to reach profitability by the end of 2020, overseeing significant growth in staff, customers numbers and its loan book over the past year.

BoE increased Monzo capital demands during fundraising - FT

/regulation

BoE increased Monzo capital demands during fundraising - FT

The Bank of England temporarily increased the capital requirements for Monzo as the challenger bank looked to raise funds earlier this year, according to the Financial Times.

Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

/retail

Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

The fallout from the Covid-19 pandemic casts "significant doubt" on Monzo's ability to continue as a going concern, says the challenger bank in its annual report, which shows a £113.8 million loss for the year.

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