One thing that draws me to the idea of a new bank is that you guys can start fresh in terms of ethics and transparency - something banks generally are not famous for.
Pretty much every major bank has been fined or accused of helping criminals, laundering money, getting involved in the arms trade, negative investments etc… We don’t like banks, for a reason.
The last time we had an ‘ethical bank’ in the UK (smile / co-operative) there was no transparency and it turned out the bank was incompetent all the way to the top - and the ‘morality’ was just marketing.
Does Mondo have a commitment to keeping things simple / ethical? If so that would absolutely draw me to switch from my high-street-bank once your banking is up and running.
For the future to be good, we need financial institutions that do not facilitate negative forces in the world… Please tell us how you intend to stick to a code of ethics in the face of investors / shareholders and other pressures in the future?