Walsh will be tasked with executing the digital bank’s stateside strategy, product development and growth, marking the bank’s latest attempt to live out its American dream.
The bank has spent the last few years laying the groundwork for this move – one which the majority of European fintechs fail to successfully land. Monzo first announced its application for a US banking licence in April 2020, with former Visa executive, TS Anil, being brought in in December 2019 to head the pursuit.
With the departure of Tom Blomfield in January 2021, Anil stepped in to fulfil the role of UK CEO, while Carol Nelson, former CEO of Cascade Bank, was appointed in Anil’s place to continue the US push.
