Monzo in the Media šŸ“°

UK Monzo Chat
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Archived version - https://archive.ph/9r07X

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3309

I admit that this isnā€™t about Monzo that much, but it still is an article that mentions Monzo and it is in the media and it may impact peopleā€™s views on the bank. I also donā€™t think Monzo declining to comment is the best thing to do either.

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Their statement wouldnā€™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 doesnā€™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 donā€™t really care or are hiding something.

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

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3314

Couldā€™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.

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

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3316

Why do you care? You donā€™t trust Monzo in anything.

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3317

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

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3319

Are people really this paranoid about someoneā€™s opinions on a bank? Find that hard to believe, but it seems to be the caseā€¦

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

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Behind a paywall, so key points for those who canā€™t access it:

  • US regulators are far stricter about allowing new banks, so thatā€™s why Monzo have withdrawn their applicatiton
  • It doesnā€™t mean theyā€™ve abandoned US plans, as they still have ā€œbig ambitionsā€
  • They will ā€œbuild and scaleā€ 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 youā€™re late to the party, did your :eyes: not function today :sweat_smile:

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One mention of Monzo here, I suspect for the clicks as there was no real need to identify the bank who wouldnā€™t open an account because the customer had ended up on a fraud blacklist.

Even so, itā€™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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3331

Any ideas?

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3332

Dark mode

It probably isnā€™t but I might as well be the first to say it

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3333

New pulse graph.

Also probably not but wanted to be the first to say it. Iā€™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!