Building a Challenger Bank the Monzo way - ProductTank London - presentation 📺


(Alex Sherwood) #1

Here’s @ole (Monzo’s Head of External Product’s) talk from at at Mind The Product Event which took place 6 months ago :see_no_evil:

There’s some more background behind this talk here -

http://www.mindtheproduct.com/2017/03/building-a-challenger-bank-the-monzo-way-ole-mahrt-producttank-london/

The presentation includes the below slide, showing that 40% of a typical bank’s costs come from it’s branch network & another 20% comes from their IT systems :eyes:

Obviously Monzo doesn’t have the former costs :tada: & will hopefully end up spending a lot less maintaining their systems too :money_with_wings:


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(Alex Sherwood) #2

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