Saw this article in the Telegraph. I although a long time Monzo supporter believe competition is only a good thing.
Would have been interesting to read, but its behind a paywall
The bitter rivalry between the firms, well known in Britainās fintech industry, has even led Starling Bank to install frosted windows
This bit made me laugh. The distant second being worried that the market leader is trying to copy them
(Though, as with @mholland, I couldnāt read the rest because paywall.)
Thatās strange, I can read it and I certainly do not have a subscription. In fact, I can see the āSubscribe Nowā link at the top.
Seems I may be logged in as the menu shows ālog outā but also shows āupgrade to Premiumā, so whatever I have itās not premium. But I have no saved password for the site either which would have been created automatically if and when I created and account. Mystery.
Cheers for this!
This is amusing haha. Had no idea they did this
Who thought those other names were a good option
Thanks for providing the full article. Reading it, two things come to mind.
- It reads almost like a disguised Starling advert, primarily because Boden is the only person directly (and repeatedly) quoted.
- Wow, Boden comes across as being super defensive.
That and you donāt get 4x as many customers by copying off the ācompetitionā.
Can read the āegosā from here. Ugh.
I think most companies at some point have a schism. Most of the semi conductor companies spilt at somepoint.
Personally, I think it someone leaves your company you shouldnāt remove all mention of them. If anything you should own the fact that Tom came from Starling and surely have closer collaboration. Its not even like anything IP etc was taken.
It just comes off as jealousy, if Iām honest.
Tom has also removed all traces of working for Starling from his LinkedIn page so itās all swings and roundabouts to be honest.
Odd- Iāve just finished the book āBad Bloodā about the Theranos biotech company and I half expected everyone to have deleted any reference to the company but they didnāt(I thought putting that you worked for a company like Theranos would ruin your chances of a job).
Its probably personal politics then
Like the story said there was friction between them as I guess there is and would be in any working environment. But whatās done is done.
Yawn, what a pointless article.
Agreed, but at least itās something different to the āMonzo has a lot of customers, however they do not make any profitsā theme of every other Monzo article ever
This bit also made me laugh, but also - if their windows are big enough to steal company secrets through, they are probably also a data breach
Edit: fixed wonky quote
I was expecting some juicy reporting from that headline and then the article was just āthey split almost 5 years ago and they donāt like each other muchā
Quote still wonky. Thatās from the article, not me.