Monzo, the digital banking powerhouse, is venturing beyond finance by considering the launch of a Monzo-branded mobile phone service. In talks with leading mobile operators, Monzo aims to offer an
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Digital challenger bank Monzo has been slapped with a £21 million fine by the Financial Conduct Authority (FCA) after its verification systems allowed customers to open accounts using patently absurd
Monzo, the UK’s leading digital bank, has reported a dramatic increase in profits, highlighting a dynamic year of growth. The bank, which now boasts over 12 million customers, grew revenues
Starling Bank, the digital-only lender, is under renewed scrutiny for its handling of government-backed Covid-era loans, having disclosed a £28.2 million provision to remove state guarantees from certain bounce back
A wave of IT failures struck major UK banks on Friday, leaving thousands of customers unable to access their accounts on payday. The disruption affected customers of TSB, Nationwide, First
Britain’s largest high-street bank, Lloyds Banking Group, has unveiled plans to shutter 136 branches across its network as part of its ongoing digitalisation strategy. The closure programme encompasses 61 Lloyds
The board of British digital banking powerhouse Monzo remains divided over the location of its potential market listing, with chief executive TS Anil leaning towards a US debut that could
The meteoric rise of British digital challenger bank Starling has encountered significant headwinds, following a £29m fine from financial regulators over what they described as “shockingly lax” financial crime controls.
