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A comment on Monzo Lost £6.7M Last Year: And This Should Terrify Traditional Banks. Parent comment

Re:Monzo Lost £6.7M Last Year: And This Should Terrify Tradi... by asherwood on Wednesday July 12, 2017 @05:47AM (#14751260)
They're very different, they don't have a banking license, don't want one & are mainly focused on international payments, rather than current accounts & an open marketplace.
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Re:Monzo Lost £6.7M Last Year: And This Should Terrify Tradi... by vizzah on Wednesday July 12, 2017 @07:54AM (#14751731)
"don't want one"?

they are offering personal bank accounts and recently, business bank accounts (apparently powered by Barclays).. the growth and interest seems to be not less than Monzo`s, so one would guess they'll have to get their own banking license soon.

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