The digital bank will cease accepting new American customers and cut approximately 50 roles.

Monzo is closing its US accounts by June 2026 and cutting 50 jobs. Three months after getting an EU banking licence, the UK fintech is focused on a London IPO.

The U.K.-based fintech will lay off roughly 50 employees and shift its focus toward Europe, where it gained a banking license ...

If you never intend to set foot in a bank branch and are well used to running your finances from your phone or tablet, you ...

Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world’s largest market, and ...

For anyone who has tried to transition to the digital-first style of banking, also known as neobanking, it’s been a rough ...

Digital banks - online-based with no physical branches - have become very popular in the UK in recent years. According to research from Finder, around 40 per cent of UK adults already have a digital ...

UK-based neobank Monzo has unveiled three app-based security features, aiming to safeguard user accounts from criminals even in the case of phone theft. The new security tools are designed to prevent ...

Digital bank Monzo notes that gambling charity GamCare has revealed that more people are reaching out for support with problem gambling this year than ever before. Back in June 2018 Monzo claims that ...