This looks like something that the journalist has found out unofficially - so it’s not from Monzo.
It’s important that we remember that this could all fall apart or not happen. And that Monzo need to manage our expectations - the Community would (rightly) be all over them if they say “hey, we’re thinking about partnering with OakNorth” then it never came off.
For my part, I quite like a bit of lead-up and suspense in wondering what’s happening - then finding clues along the way. Just me?
Excited to see a stocks and shares pot happening though, I think it’ll introduce lots of people to investing, and I hope they’ll talk to several providers so customers have a choice of simple options to invest.
I can agree to a certain degree but the majority of the time journists publish things after. Off the top of my head, new phones, hacking scandles, bankruptcy etc are all after announcements from the company.
To be more accurate. Journalists want to be the first and they still can be if they follow Monzo closely enough or open the press release as soon as it arrives.
This must be a marketing stratagy then. Monzo have told a select few what they’re doing and are letting them run with it.
That’s unprovable at the moment, really. I’d note, though, that the leaks we’ve seen recently have been from where partners have been involved - which means that it might not be from within Monzo at all.
(And a side point: Monzo is really quite big now. Granted, it’s not a HSBC or an RBS - but it is a fairly sizeable organisation).
All it takes is for someone to say something to a friend in a pub. Its not the best idea to have a marketing strategy that uses Unofficial sources to “leak things” especially as things can be taken out of context or misinterpreted. Even if something is leaked one of the Media team should be sitting on a Making Monzo/blog post ready to be released.
Can’t really blog if third parties are involved. Also this story gives very few details beyond the fact they’re talking to people, how far those talks have got is unknown.
We already knew investments were going to be launched because of the ISA management permissions, so apart from possible names there’s nothing new
Yes this is true unfortunately. To access emergency money you need to be subscribed to monzo plus and travel money. They’ll then charge 5% to let you get emergency money up to £1000. This service is free to all customers at all other banks.