Monzo Announcing US Launch

Sources say that the digital bank Monzo will announce their US launch plans today; Monzo has seen a lot of success to date, signing up more than 2 million customers in the UK; many of the neobanks in the UK are eyeing the US as their next market to tackle although none have officially launched; Richard Lumb, group chief executive for financial services at consulting firm Accenture stated, “For UK fintechs looking to fly the nest, one major contrast will be the complexity of federal- and state-level laws, compared to the UK’s fintech-friendly regulatory environment” Source

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