Monument - News, Articles & Research

Company announcement/retail

Monument launches five year fixed-term deposit savings product

Accessible via its iOS and Android app, Monument has launched a new 5 year Fixed-Term Deposit savings product which offers an annual fixed interest rate of 2.20 percent Gross/AER, believed to be the highest available in this category at the time of launch. Monument first released its app and entered into the savings market in December 2021.

03 February 2022

News/people

Monument appoints former Barclays exec Ian Rand as CEO

Ian Rand, former CEO of Barclays Business Banking, has been appointed chief executive officer of Monument, a digital banking startup for the well-heeled.

06 January 2022

News/startups

Neobank for the mass affluent Monument set to launch

Monument, a digital banking startup for the well-heeled, is set to launch in the UK as a fully-licenced deposit-taking institution following the lifting of regulatory restrictions by the Financial Conduct Authority.

08 November 2021

News/startups

Monument confirms £28 million fund raise

Monument, a digital banking startup for the well-heeled, has landed £28 million in new funding from existing backers and a trio of angel investors.

25 February 2021

News/startups

Monument picks tech vendors to build bank for mass affluent

Monument, a new digital-first UK bank for the mass affluent, has brought in Mambu, Salesforce, Amazon Web Services, Persistent Systems and Accenture for its technology build.

18 November 2020

News/wealth

Monument builds new challenger bank for mass-affluent

Monument, a new digital-first UK bank for the mass affluent, is heading for a 2021 launch after securing a Series A investment and restricted banking licence from UK regulatory authorities.

08 October 2020

News/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.

18 August 2020

News/startups

Digital-first Monument targets UK's mass-affluent

A collection of industry veterans is setting up a digital-first bank aimed at the UK's mass-affluent market.

06 July 2020