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The Latest Breaking News from Monzo

The false customer addresses that landed Monzo with £21m in fines

IN FULL

The Independent UK

UK bank hit with huge fine for ‘anti-financial crime’ failures

IN FULL

The Independent UK

Monzo fined after customers put Buckingham Palace and No 10 as home addresses

The Financial Conduct Authority found customers were allowed to register bank accounts to addresses including PO Boxes and London landmarks.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Major bank fined £21m after allowing customers to register from Buckingham Palace and Downing Street

The FCA said Monzo’s financial fraud systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in recent years.

The Independent UK

Monzo fined £21m after customers used No 10 and Buckingham Palace as addresses

FCA finds digital bank failed to employ adequate controls when signing up new clients

The Guardian - UK

Octopus energy to pay £1.5m in compensation for bill errors – are you eligible?

Ofgem found more than 34,000 prepayment meter customers between 2014 and October 2023 did not receive final bills within six weeks.

The Independent UK

Monzo fined over £21m after financial crime controls ‘fell far short’

The FCA said Monzo’s financial crime systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in recent years.

Evening Standard

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Why UX design is just as important as a logo

Branding is not just about visual identity.

Creative Bloq

Monzo's brilliant UI makes my life so much easier

Banking apps don't have to be boring.

Creative Bloq

Letting banks loose is back on the agenda as UK politicians chase growth at any cost

Labour has helped get ball rolling by lifting the bankers’ bonus cap but we have seen before how this play ends

The Guardian - UK

Fintech giant Wise plans to shift main listing to New York as London sheds innovative companies

Wise's listing shift underscores years of pain. "U.K. stock market continues to take a succession of blows to the head," one expert said.

Fortune

Monzo annual profit booms four-fold after huge growth

IN FULL

The Independent UK

Monzo annual profit surges as paying subscribers boost digital bank

The company reported a pre-tax profit of £60.5 million for the year to the end of March – more than four-fold higher than the previous year.

Evening Standard

Bank launches first-ever option to undo payments

The feature aims to correct an issue that is costing Brits £825 million a year

The Independent UK

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Evening Standard

Monzo customers can cancel bank transfers if they quickly spot an error

Customers will have a window of seconds to stop a payment going out, if they realise they have made a mistake.

The Independent UK

An expert guide to making the most from cashback deals

A look at your options

The Independent UK

The best bank debit cards to use for spending abroad in 2025

If you opt for cards over cash when abroad then always ensure you’re not charged a fee

The Independent UK

Monzo muscles in on home insurance market to target underprotected renters

Research by the bank found that millions of renters could have about £12,000 of belongings unprotected.

Get all your
news in one place.

100’s of premium titles.
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Fortune

The billionaire pipeline: How a 2000s startup boom fueled Europe’s tech renaissance

Why did it take Europe so long to kick-start its entrepreneurial streak? And what changed to allow the continent’s founder factories to flourish?

The National (Scotland)

Victim of banking app scam issues warning to other Scots who could fall prey

SCAMMERS have been targeting unsuspecting victims with a fake banking app in Scotland.

The Fashion Central

Best and Worst Banks Revealed – And Lloyds and NatWest Didn’t Make the Cut

The Competition and Markets Authority (CMA) has released its latest survey rankings, spotlighting the banks that are excelling and those that are falling short.

The Independent UK

Bank overtakes Monzo to become Britain’s favourite

Chase, which entered the personal current account market just six months ago, secured the top spot

Evening Standard

Chase overtakes Monzo as Britain’s favourite bank, survey shows

The Competition and Markets Authority (CMA) published the findings of its latest survey of some 23,000 people.

The Guardian - UK

‘Shockingly lax’: how soaring British bank Starling had its wings clipped

Launched as a challenger to traditional lenders, it profited from offering state-backed loans during Covid. But then the regulator came calling

The Independent UK

Bank launches first automated 1p savings challenge

The money trick has been advocated by money-saving experts, including Martin Lewis, for years

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