I used to protect the app by simply enabling fingerprints scan and thought this was safe.
However, after dropping my phone, the fingerprint sensor got disconnected from my phone’s motherboard and Monzo would simply open without any protections.
This means that if my phone gets stolen and the thief can access my Monzo app, he simply have to disconnect the sensor from my phone and can do whatever he wants with my account.
I would suggest forcing us to set a PIN code in case the sensor fails, or having us to log in again.
I feel this is a phone software issue rather than a Monzo software issue. It looks like the phone automatically removes the sensor lock if it fails without falling back to a passcode unlike an iPhone which automatically falls back to a passcode if TouchID/FaceID fails.