If you look at the history of Monzo and Starling, that is somewhat against Monzo’s whole ethos. The early Monzo staff worked with Anne Boden on Starling. She wanted to use the licence to white-label other software, rather than building things properly from the ground up. There was a schism, with Monzo splittng off and taking a totally different approach. So while they could now of course change things up, I think that deep in their bones they prefer to build rather than buy.
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It’s also independence from suppliers, be it what happened with GPS
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It’s a nice idea, but with Monzo’s top team having entirely changed (with trad bankers now in charge) I’m not sure the original ethos holds any longer.
A main point was that Monzo wouldn’t hold large amounts in savings; now it’s paying a high interest rate on an own–brand savings account.
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