Monzo in the Media

https://finance.yahoo.com/news/monzo-effect-bank-brands-hsbc-barclays-lloyds-rbs-230141389.html?soc_src=community&soc_trk=ma

^ link works but couldn’t get it to thumbnail, sorry!

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Oh, so it’s Monzo’s fault the legacy banks have been so bad at what they do for so long and failing to innovate? Got it :wink: :joy:

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The legacy bank makes the entire banking pain in the ass, for example you have to go the branch to change the address in the past. I m like seriously in 2019 - without a card reader for Natwest you have to go to the bank to change your address . You can’t even change by calling customer service even though they have verified your details/. How stupid is that ? I m glad I have been full monzo for more then a year. Best decision ever.

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Weird way of framing it, right?

It’s like if you had a really old house, and you let it fall apart over the years, didn’t maintain it, but never thought it was a problem.

Then someone builds an amazing new modern house right next to it and you say “It’s their fault for building a new house and making ours look bad”.

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Then they give their run down house a dodgy face lift, put out a few adverts saying how great their new housing is.

But the landlords still make a fortune and once through the door you see it’s the same old crappy house inside.

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The best challenger bank for developers and creatives
To start, Monzo’s roadmap is fully public. You can follow along via the startup’s forums or its Trello board…

I’m sure the Trello board is long gone.

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Another super accurate Wired article!

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They have a Trello for business banking, but that’s it

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Not particularly incisive.

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“Critics have accused the big names of having antiquated systems that are unable to cope with the technology needed to run a modern digital lender. The FCA figures showed that digital-only banks did better, with Starling reporting no incidents and Monzo reporting two.”

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“I recently got into stock-picking and it has not been a profitable endeavour for me,” he laughs. “All of the research shows you should not be picking stocks. Even professional stock-pickers do not outperform indices.”

The key word here being reporting :joy:

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“If a card processing failure occurred and no one from Starling reported it, did it still happen?”

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Loving that the headline is about transparency, then I click to find the article hidden behind a paywall. #irony

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Sorry, I didn’t realise it was behind a paywall. Try Googling the article.

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No worries! (Not a dig at you btw, just felt it was lol worthy)

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News in the Guardian about Monzo closing Plus accounts to new customers

Bit half-hearted and not quite what I’d expect from the Guardian. Though the writer does try and start off with something resembling reportage, it ultimate amounts to little more than a recall of the community post. Literally the last half of the article is just restating points from the community with no additional information or reportage added. :neutral_face:

I agree with you. However, since fewer than 2% of Monzo’s customers are part of its Online Community, I do still think it’s a worthwhile general interest story.