British banks make first interbank transactions using tokenised deposits
Lloyds, NatWest and Barclays test blockchain-based bank money as lenders move towards programmable payments and digital asset settlement...
Tag : Monzo
Neobanks aim to conquer America
In Europe, neobanks benefit from near-instant interbank payment networks that let customers move money seamlessly 24/7...
Shaping the future: Rise of digital-only banks
Apart from their natural characteristics, neobanks have adopted the platform model: partnership with specialised fintech companies via open APIs...
Monzo’s annual loss more than double; Monzo Plus performs well
The digital bank has said that the pandemic’s uncertainty might affect its operations...
Monzo reports post-tax loss of £113.8 mn; operations affected by pandemic
The neobank’s investments in US expansion, hiring and marketing have impacted its performance growth...
Monzo relaunches Monzo Plus; seeks to diversify revenue streams
Monzo Plus is offered at $6.30 per month and has additional benefits such as 1 percent interest on balances of up to £2000 and credit score checks...
Do high-street banks have to fear the rise of neobanks?
A dozen neobanks are broadening the competitive digital banking playing field in the UK with fintech experimentation and evolved customer experience...
Monzo launches current account services for SMEs
The trial period lasted 12 months and saw the participation of 2500 businesses...
Monzo plans to recruit up to 500 employees as part of growth strategy
The digital bank aims to increase its user reach to 5.5 million in 2020...
UK digital bank Monzo to fight for US market share after £2 bn valuation
Monzo raises £113 million in a fresh round of funding, doubles its customer base to two million...