New feature coming 👀

[Peter_G]

@kieranmch

However - there is good news, the Financial Conduct Authority (FCA) are running a consultation on “Open Finance” which, if it goes ahead, will extend Open Banking to these accounts and other accounts as well. Monzo has prepared a response to this consultation.

If I were Monzo’s Head of Community, I’d crowd source a response via this forum, Twitter and other places (maybe polls in the app?) and submit two responses: a corporate Monzo response and a Monzo community one. And I’d publish both publicly.

[Peter_G]

In different news: Kieran, hypothetically speaking, how long is it usually between internal sign off of a new feature and release to the app?

[redshift]

SooooooooOoooon or soon?

[Peter_G]

[kieranmch (Kieran McHugh)]

@Peter_G

If I were Monzo’s Head of Community, I’d crowd source a response via this forum, Twitter and other places (maybe polls in the app?) and submit two responses: a corporate Monzo response and a Monzo community one. And I’d publish both publicly.

I like this idea! It’s a lot of work though. To be honest I think the official Monzo response and the community response would probably say very similar things – we are aligned

@Peter_G

In different news: Kieran, hypothetically speaking, how long is it usually between internal sign off of a new feature and release to the app?

Lol - it varies a lot but maybe 1-2 weeks in normal times and maybe a bit longer in the current environment. It depends a lot on the complexity of what’s launching.

[Peter_G]

@kieranmch

I like this idea! It’s a lot of work though. To be honest I think the official Monzo response and the community response would probably say very similar things – we are aligned

Nice! Any chance that Monzo could publish its response? It’d be great to see!

[davidwalton (Award Winning Hot Coral Analyst)]

@kieranmch

Lol - it varies a lot but maybe 1-2 weeks in normal times and maybe a bit longer in the current environment. It depends a lot on the complexity of what’s launching.

I like this. Definitive timescales with a realistic disclaimer due to the current goings-on. But positive. And positive is a good thing right now.

[brandscill (Brandon Billingham)]

I hope it’s not with Habito. The entire operation is a shit show.

[Revels]

The trouble with this sort of extended tease is that people build their hopes and then it ends up being a disappointment because the wait has been so ‘long’

[aCCount]

Disagree. This has been described as a personal engineering achievement that will appear remarkably unexciting from the customer’s point of view.

People have absolutely no reason to expect anything huge or exciting.

[joedmitchell (Joe)]

To be fair no one said remarkably unexciting, it’s described as not obviously overly technical to the user i.e. a clear user flow that makes it easy to use. I mean it’s pretty clear now from everything that’s been said that it’s connected cards and current accounts (potentially using Monzo’s own inbuilt connectors, and includes allowing moving money around in those connected accounts from the Monzo app).

[don_quixote]

Any hint of a date yet?

[MalaiseForever (Ethan)]

Soon

[alexbrooks]

It’s not this? https://monzo.com/blog/2020/05/19/monzo-business-for-web-upgrade/

[Alexxxxx (>50 categories pls)]

Seems very unlikely given all the open banking code found in the tear downs and that being Kieran’s team

[redshift]

The web UI looks pretty cool though!

[hdwrng]

Yeah I got it over the weekend. It’s quite swish.

Mad that personal/joint account web access isn’t getting any improvements like this.

[Addzy]

I think it will do in time. I recall reading somewhere that they built the web portal for business in a way that could easily be used for personal accounts too. I guess it’s just up to Monzo to prioritise that and put a team on it

[hdwrng]

I did see that comment at the time, but I read it very much as a “it happens to be technically possible” and definitely not a “it’s something we will do”.

I’d love to be wrong.

[Addzy]

Either way, I don’t expect it anytime soon at all.

As much as I want a web platform, I don’t want them to create one unless they’re really going to commit to it, actively maintain and constantly improve it and have feature parity with the apps. To me a half arsed attempt at it would be worse than no attempt at all.