We’re still in the very early days of Open Banking, and frankly, I don’t see things really taking off industry-wide for a couple of years yet. That said, if all goes to plan then Open Banking should be an excellent thing for consumers; no longer will your financial data be siloed in one place - you’ll be in total control and you can bring this data to other (authorised and regulated) services and hopefully secure a better deal and save some money.
We’d like to make sure our own marketplace is somewhere that you know you’ll be able to go to and you won’t get fleeced, or have your data used against you; again, our goal is to save you money and give you total control
of your finances🙂
They certainly can! I can’t go into complete detail on how we manage our internal tools, but broadly speaking all information is encrypted and access is protected behind multiple layers of authentication. When we become aware of any security threats to macOS, we act right away to mitigate these risks. It’s worth bearing in mind that access to sensitive information is both password protected (with two factor authentication I should add) and behind a VPN; we don’t store any customer data or sensitive information locally. In fact, the only file I have locally stored on my MacBook Pro right now is an image I’ve used to set my wallpaper (which I’ve now promptly deleted because minimalism ).
Remember, our core banking platform doesn’t run on the Mac computers we use internally, it runs on AWS. In the unlikely event that one of our Mac machines were compromised, they’re set up in a way to effectively make it near-impossible for someone to gain access to any sensitive information, and access can be revoked from a specific machine at any time because of the way we provision them.
@GalaxyMergirl There’s no lack of love for Android at Monzo, believe me! Feature wise, it’s really more just a case of us having been iOS-only at first, and needing to play catch up with a fully built iOS app. We’re coming really close to feature-parity and as you’ve rightly said, Android does often get things first nowadays! I think once we’ve closed down the prepaid programme you’ll be pleasantly surprised at the progress we’re able to make