Monzo in the Media 📰

UK Monzo Chat
1572

Eh? Even mutuals need to make a profit, or they’ll go bust. That’s basic business.

2 Likes
1573

Yep, I get that, but moving away from bells and whistles current accounts and focusing more on say Mortgages is better for Nationwide, and probably more profitable. I just get a bit itchy when they try to do be more incumbent bank then the incumbent banks

1574

doesn’t seem to be working well for lloyds , who are making potential provisions to write off over a billion pounds in loans during the period

2 Likes
1575

Depends how you think about it…, arguably the fact that Lloyd’s are still making profit (albeit 95% down) is impressive, and means that they’ll be able to coast through this crisis with no problem :thinking:

3 Likes
1576

Any ideas what this might be :eyes:

7 Likes
New feature coming :eyes:
1577

Dark mode

5 Likes
1578

Or extra-bright mode.

5 Likes
1580

Nice, will be interesting to see

1581

I’m betting the open banking stuff personally, based on how we’ve been seeing more and more of that in the tear-downs gradually. That and how it’s something we can ‘try’. Wouldn’t say that about a fraud messaging system.

2 Likes
1582

Maybe @kieranmch will pop on here and let us know when it’s ready to go? :pray:

1 Like
1583

I’m guessing it is the ability to send money via text/email and having the ability to cancel it after it is sent, but before it has been claimed.

Just a wild guess.

I’ll update the teardown later.

1584

Whatever it is i hope its not account specific… available for current/joint/business

And dare i say it… not plus related :eyes: sick to the teeth of plus already lol

1 Like
1585

orrr based on recent teardown post do we think its to do with blocking merchants :thinking:

1 Like
1586

Have no idea what this means for Monzo as a bank.

4 Likes
1587

Hopefully an AMEX integration on credit cards… :soon: obviously

1 Like
1588

Surely integration of cards if it is the most technically challenging thing he has built

1589

I’d clearly managed to miss that their previous COO had quit. I thought I hadn’t, but on looking it up it turns out the person I did remember quitting was their CTO.

Their previous COO was from Curve, and their new COO is from American Express. Does this mean the balance of staff experience is slowly moving away from ‘tech’ and towards ‘banking’?

5 Likes
1590

I wouldn’t say no to changes that brought Monzo closer to Amex-level customer service.

1591

This particular tweet is not related to transaction disputes at all. I don’t know what exactly it is though. :slightly_smiling_face:

9 Likes
1592

… and work on iOS as well as Android :+1: