Hold On!

Hold Up

Please select a minimum of three sectors in the menu above.

Got It
  • A mobile-first challenger to the Big Five
  • A mobile-first challenger to the Big Five
    Yelp Inc, Creative Commons (2015) ©

Monzo: sparking a digital banking revolution

There’s a seismic change underway in the banking sector, with challenger brands taking on the traditional Big Five. At the forefront is Monzo, a mobile-first digital bank that’s designed with tech-savvy customers in mind. Can its clever app and round-the-clock support convince Brits to switch?

Location United Kingdom

There’s a seismic change underway in the world of retail banking, with challenger brands seeking to shake up the archaic world of personal finance. At the forefront is Monzo – previously named Mondo – a mobile-first digital bank that, following its attainment of a UK banking license in 2016, plans to launch a full current account in 2017, including overdraft capabilities. [1][2]





  • Financial app Mondo gains a UK banking licence Financial app Mondo gains a UK banking licence

    Digital financial app Mondo has been granted a UK banking licence, allowing it to offer the same range of services as traditional high street banks. Despite this, the company has decided to stick to its core product, focusing exclusively on online current accounts.

  • Article image Atom: the digital bank splitting high street competition

    As branches close and an increasing number of consumers use app-based finance services, high street banks are at a crossroads, with online alternatives set to further shake things up. Atom is a digital-only bank with a range of consumer and business accounts, but can it take digital banking nuclear?

  • Article image Which bank services will make you switch?

    With UK consumer confidence increasing, competition among banks is stronger than ever. Austerity has left consumers cautious, while 24/7 banking has given more access and control over personal finance. But what do people want, and how can banks entice them to switch?

  • Article image How tech has transformed how we spend

    In the US, 80% of consumer spending no longer involves physical dollars, while in Britain cash use has dropped 14% in the last five years. What is driving this shift towards a cashless society? And how will we spend and manage money in the future?