It seems some banks are starting to take the public and government demands for smarter and more modern banking seriously. Clydesdale and Yorkshire Bank have created B which is essentially a sugar-coated version of what most mobile banking apps already do.
Behind the scenes the way the money moves around is still the same and therefore still very slow in comparison with Monzo, but I think that it may be aware of Monzo and/or competitors and are rightfully scared. They've used a very bright and contemporary modern design and included features like automatic categorising of payments, budgets, cash flow forecasting and virtual saving pots.
They do have the disadvantage of requiring you to call or visit them in branch if you want an overdraft, and for the target audience of Monzo who are too busy and/or too cool for that nonsense it's less than satisfactory.
While I don't think it'll be able to match the intelligence of Monzo's upcoming features, especially bill splitting (not without enormous and lengthily system overhauls) or speed of transactions, I am glad the banking industry is finally getting smarter.