According to Techcrunch, UK digital challenger bank Monzo has quietly begun working on a US launch; they have setup a small team and will be working initially with a US banking partner as they work on getting the necessary regulatory licenses; the plan is “for Monzo to create a ‘lite’ version of its product for U.S. customers, much in the same was as it first launched in the U.K. with a pre-paid debit card before eventually offering a fully fledged bank account.” Source.
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Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.
