Tag: Monzo

Activity, Regulations, Retail Banking

Monzo rapped by CMA over failure to provide transaction history data

July 29, 2022

Via: FinTech Futures

The challenger informed the CMA it had failed to send transaction histories to more than 13,000 customers, despite reporting a similar breach last year. Monzo has since contacted all affected customers to offer them a copy of their transaction history, […]


Monzo appoints Carol Kobuke Nelson as new US president and CEO

February 15, 2021

Via: FinTech Futures

With TS Anil moving from US to UK CEO last year, a vacancy opened up for a new stateside boss at the UK challenger. Nelson previously served as a top executive for more than four years at Cleveland-based KeyBank. She’s […]

Capital and Risk, Operational

Unlocking the benefits of unstructured data in banking

October 20, 2020

Via: FinTech Futures

But the sector wasn’t always as open to embracing new technologies. Until the arrival of challenger banks like Monzo and Starling Bank a little over five years ago, who showed the benefits that taking a digital-first approach could bring, traditional […]

Activity, Corporate Banking

Monzo’s losses widen due to COVID-19

August 3, 2020

Via: Banking Technology

It says coronavirus disruption casts “significant doubt” on its ability to continue as a going concern. However, net losses widened as it ramped up spending on marketing, technology and staff. The amount spent by Monzo customers also rose to £10.9 […]

Activity, Corporate Banking

Monzo’s co-founder Tom Blomfield leaves its board

July 6, 2020

Via: Banking Technology

The filing states that the termination occurred on 17 June 2020, nearly a full month after news of Blomfield’s new role broke. He made headlines back in May when it was revealed that he would step down from his role […]