Competitor Update 2

Apparently the Atom app has forgotten what I look like, and what my voice sounds like. So much for ‘advanced’ biometric recognition.

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So here it is..will.i.am now has a dedicated page on the Atom website, including a series of videos of his interview with the bank’s founder & chairman. This should be entertaining :wink:

https://www.atombank.co.uk/will-i-am/

Here’s the clips from that page -

5!!! Wow ! I mean :monzo: if you were crypto I’d HODL

Interesting article. Not sure if it has been shared yet or not…
https://www.thememo.com/2017/07/18/starling-bank-adds-apple-pay-as-monzo-gallops-to-catch-up

I found this article slightly odd, Monzo clearly are behind Starling when it comes to launching the current accounts but miles ahead, in terms of user numbers - as it says.

So to me it seems pretty unbalanced to state that Starling are ‘off to the races’ & Monzo are ‘playing catch up’ as the two key sections of the article, an article which was coincidentally published soon after Starling launched Apple Pay & they paid for advertising with the publication (though they’ve claimed that they’re unbiased)..

The idea that Apple Pay is some sort of game changer doesn’t really make sense when 350k+ users have signed up to Monzo despite it not being available. And as far as I can tell, it (& the current accounts) haven’t lit a fire under Starling’s user numbers either.

Which parts did you find insightful?

https://twitter.com/StephanieAlys/status/888004727417581568
https://twitter.com/alexwoodcreates/status/888339160075034624

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Similar thoughts to you was what I was finding interesting - interesting how they make out Starling is way head in the race with Monzo running behind; with not much to actually justify the claim. Apple Pay while not a game changer, will be nice to have when it eventually arrives.

They are next on my list to go.

They text me the other day - we notice you’re not using our new app…you can download it blah blah.

…No i’m not because its absolutely crap. It’s been held behind Lloyds and Halifax (in app auth etc) purposely and was expecting at least on par with that but no. It launched without even an available balance. The UX at login is also poor. The only thing i used it for was apple pay but replaced starling with that.

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Is anyone using Tandem yet?

I just got a code and cant decide if i should try it. They’ve also gone with a bright card i see.

Edit - you get a choice of colour - should attract a few from here :rofl:

What’s the code for? Their aggregation app?

Yep that is what it’s for.

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Starling have released a new update. Adds some nice features also found in N26’s app.

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I used it but wasn’t taken… deleted after an hour or so :slight_smile:

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I was interested until you mentioned Facebook. I refuse to explicitly link anything life-critical (like banking) through that. Shame.

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Interestingly: I signed up to monzo through a Facebook ad :santa:

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revolut is expanding - devil take the hindmost ?

https://www.uktech.news/news/revolut-expands-team-in-20-european-countries-prepares-for-us-launch-20170817

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Thanks for sharing this Ian, some highlights -

  • The London-based startup … now employs around 200 members of staff and claims to be increasing its headcount by around 25 people per month.

For comparison, I heard from one of the team this week that Monzo now has 150 team members.

  • The company launched in the UK in 2015 and plans to expand to North America and Asia this year, with the waiting list for US customers set to launch next week.
  • Storonsky told Business Insider he was confident his company would … break-even by November.
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Here’s a quick update on Simple who’re only available in the US at the moment but that means that they would be a competitor when Monzo expands to America. It doesn’t sound like things are going too well for them right now -

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Barclays must be cleaning the valves on the computer during weekends , what together with their branch closure programme they seem to be pushing the boat out to be customer centric :slight_smile:

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The comments are funny

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whats a “chief people officer” at simple ? :slight_smile: