Monzo in the Media 📰

Archived version - https://archive.ph/9r07X

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I admit that this isn’t about Monzo that much, but it still is an article that mentions Monzo and it is in the media and it may impact people’s views on the bank. I also don’t think Monzo declining to comment is the best thing to do either.

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Their statement wouldn’t need to be anything big. It could be something as simple as reassuring readers that Monzo is committed to reducing fraud. Whether or not this article needs to refer to Monzo doesn’t matter. The article does and Monzo should have said something. It always leaves a bad impression for me when whatever company declines to comment. It suggests to me that they don’t really care or are hiding something.

Not commenting is the right thing to do. If you respond to every piece of clickbait then you’d never get anything done

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Could’ve named any bank and people would have clicked it, and telegraph gets paid per click, and those who are mildly familiar with Monzo may be like oh spill the tea.

It’s al word play and it’s silly. Barclays probs had a lump loss of customers to Monzo so being p!say about it :joy:

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Why do you care? You don’t trust Monzo in anything.

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Why do you care about what I am posting so much?

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Are people really this paranoid about someone’s opinions on a bank? Find that hard to believe, but it seems to be the case…

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https://amp.ft.com/content/8ea6d977-c2fc-47a8-9d93-1ec02eb4f9a9

Behind a paywall, so key points for those who can’t access it:

  • US regulators are far stricter about allowing new banks, so that’s why Monzo have withdrawn their applicatiton
  • It doesn’t mean they’ve abandoned US plans, as they still have “big ambitions”
  • They will “build and scale” with US partners; higher interchange in US makes revenue sharing with partners more sustainable
  • No longer needing to capitalise a US bank means investment can be refocused on the UK

And finally, Revolut applied for a US banking license in March, so it will be interesting to see if they fail to gain one also.

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Thank you, was going to do a summary myself but forgot straight after posting.

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Monzo withdraws US banking licence application :face_with_raised_eyebrow:

https://www.ft.com/content/8ea6d977-c2fc-47a8-9d93-1ec02eb4f9a9

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Erm you’re late to the party, did your :eyes: not function today :sweat_smile:

One mention of Monzo here, I suspect for the clicks as there was no real need to identify the bank who wouldn’t open an account because the customer had ended up on a fraud blacklist.

Even so, it’s a fascinating example which expresses his terrifyingly easy it is for people to be made into money mules. All it can take is going a favour for the wrong friend :grimacing:

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Any ideas?

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Dark mode

It probably isn’t but I might as well be the first to say it

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New pulse graph.

Also probably not but wanted to be the first to say it. I’m also, just getting the latest app update so get ready for a teardown, maybe there will be a hint in there :eyes:

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Not a scooby!