Monzo at Business Forum London

(Alex Sherwood) #1

Baroness Denise Kingsmill (the chair of Monzo’s board, who we don’t often hear from) did her thing on a panel at Business Forum London a few days ago. Hopefully we’ll see a video of the panel at some point but in the meantime, there were some great quotes on Twitter, particularly this one -

which sums up just how radically bank’s business models will be changed by the challengers to me. Also -

she spoke to CNBC after the event -

(I think the reporter might have got the 170k figure wrong - that’s probably the number of users, rather than people on the waiting list).

She also called for a two-track regulatory procedure in the U.K. to approve new challenger banks that was less paper-based and onerous on smaller newcomers. “We are seeing more banks come through in the U.K., but it’s not easy.”

(Alex Sherwood) closed #2

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