Monzo's Use of Aggregated Data

[alexs (Alex Sherwood)]

@anon53997215

Monzo also need to be transparent about the relationships they have with third parties that are the providers of the products that Monzo recommend. For example, if Monzo receive a commission on each successful conversion, users should be made aware of this so that they can decide whether or not they’re comfortable with the commercial relationships behind the recommendations - much like how Google are required to differentiate paid for results in search results so that users know which links are paid for and which are not.

They’ve got this bit covered

@alexs

Tom also mentioned at the July open office event that Monzo will be transparent about the fee that they’re taking - they’ll show it to the user.