Big few weeks coming up for Monzo - guesses?

Not sure that is strictly true - off the top of my head we have had

  • Complete intended overhaul of UI
  • Monzo Plus
  • Monzo Points
  • Easy Access Savings (x3)
  • ISA Savings Pots
  • Loans
  • Credit Card Connectivity

And there is probably more!

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Not sure you can look at it this way, lots of things get half-built and not released because they’re waiting on something else. There was a period before the ā€œBig Listā€ where other than current accounts Monzo released basically nothing for a year. The Big List was either quick wins or things that ground work had already been laid for. We don’t know how much stuff is currently being worked on in the background or how much time a one piece of development work requires versus another. Monzo are hiring devs and have been constantly doing so since launch.

So whats coming that is big

Maybe I am being too negative in that alot of the stuff they have been working on just wont ever be of use to me. I’ll always personally go for best price over convenience so the savings pots, plus account, loans, energy switching just aren’t useful for me but thats where the money is i suppose.

I’d love the little things to be built and prioritised like payee management, rebuild locked pots, committed spending pot, pot feeds on ios etc.

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Nothing. We’re all looking at other stuff now… :wink:

But you said:

What they’ve done are big leaps - unfortunately those little things you have said, whilst impactful for some, are largely too ā€œsmallā€ to warrant pushing out at a faster rate. I’d rather Monzo build more actual product/ integration than the small little features - that can and will be done as time passes on.

Following the round of funding and crowdfunding, it was always going to be a period of building up revenue streams and places where Monzo can start to become profitable - unfortunately that means the features that don’t do that will fall to the wayside periodically.

I feel your frustration. I think the last useful thing that Monzo developed for me was joint pots, around a year ago.

I guess more of the development work that Monzo is doing now its more meaty and time consuming than the UI & app features

Don’t forget the important second part of that context

I’d say those smaller things have the greatest impact though. I’m not annoyed at Monzo for building out other profitable aspects just more so I see alot that can be improved upon that seems to slip through time and time again while things seem to come out of nowhere and be developed rather quickly.

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Yeah I didn’t forget that part - it clearly hasn’t seen less love, it is just not the love you want to see. I’ve not seen anything in terms of BA having extra features being developed for them but have seen as I posted numerous CA/ JA features and products being implemented.

I agree a whole lot can be improved with the current half-baked products and I do hope that Monzo go back to tackle them. I personally don’t think i’ll use the majority of new things Monzo have brought out recently but I can see that it makes more sense to develop those rather than smaller aspects.

I think no matter what that is a subjective statement - for you it would have great impact (probably for me to) but it appears that it is profitability > small impactful changes.

This is a problem with the removal of the Big List - I’m sure ISAs have been in development for much longer than we knew about them for - its just we don’t have the transparency for these sort of things (likely due to confidential information).

The problem with that list, is outside of Savings Pots which have just come back (and require little further development), the rest of the features are incredibly half baked.

Adding more and more unfinished (but released) features into an app with a huge amount of unfinished features creates a real dismal user experience.

The MVP approach might have worked at the beginning, but it simply doesn’t translate well with a mature service - Unless the core of the app is actually fully functioning and good!

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Oh for sure - I’ve said its getting to the point where it should be less about the new features and more about polishing everything up (I don’t think an expansion should even be considered until all of the parity/ half-baked issues are resolved but that’s just my 2p).

I disagree that MVP can’t translate - many big banks do MVP with new products.

MVP can work - and does work, but it only works when there is a commitment to iterating further and providing timelines/ transparency in doing so. That is the problem Monzo have - they bake in products, promise that things will develop, but unfortunately get caught up on the next deliverable.

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I’m maybe not a typical user, but this is a bit underwhelming to be honest. I don’t know what I was expecting, but I did rather hope that it would be something which might have a positive impact on my Monzo usage.

If I recall correctly, the last thing Monzo did which had a positive impact for me was to change from prepaid to current account. Ever since then there have been some half baked additions (none of which have had any effect on my Monzo use so far), so I’m hoping for something more in the next few weeks. :crossed_fingers:

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Have Monzo actually relased a statement today as the Tweet implies?

If it’s a US launch they’ll be waiting until the US is fully awake.

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Couple of years yet, then :joy:

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My guess would be around 4 or 5 pm UK time

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Monzo come and tell us what is going on please

Especially if the team are in LA, PST timezone.

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I believe they are launching from Las Vegas so time there is 06:50

https://uk.finance.yahoo.com/news/british-digital-bank-monzo-announce-081419318.html

:man_shrugging:

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