A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks,...
British neo-bank Monzo says it now has more than 500,000 business customers. And with that milestone, the company announced Wednesday (Oct. 16) a new plan...
Monzo has begun letting its card customers access Apple’s monthly installment payments offering. The U.K. digital lender announced Tuesday (Sept. 17) that it is launching a credit card feature that...
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum...
British digital bank Monzo says it has more than 10 million personal customers. This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached...
British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s,...
Artificial intelligence (AI) may cut costs, but financial services companies have reportedly been slow to embrace it. That’s according to a report Sunday (June 30)...
The U.K.’s financial watchdog has apparently dropped a probe into Monzo’s anti-money laundering system. That’s according to an item buried deep in the neobank’s annual report issued Monday (June...