Monzo adds open banking-enabled money transfer feature - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Consumers may find account aggregation to be a useful tool, which could position Monzo competitively among incumbents and neobanks

a capability allowing its customers to connect their American Express accounts and view their balances and transactions in the Revolut app. upon its tool by also enabling payments between different accounts — similar to what Monzo has now done — whereas the other banks' aggregation features are limited to allowing customers to view their balances.

UK consumers could find account aggregation to be a particularly useful tool, but Monzo should still look to build out additional personal finance management offerings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Money Dates are the new way to talk money with your significant other - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Splitit is quickly adding new customers and merchants thanks to the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Short-term rental startups add urban properties, betting on recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Digital Wealth Management report from Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 3 smartest steps to take with your money right now, according to experts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Solar-powered McDonald's open at Disney World in pictures - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. McCovid Innovative indeed. Love the bikes! McDonalds 🌞
Source: BusinessInsider - 🏆 729. / 51 Read more »