Mondo – A “Full Stack” Mobile-First Bank

by tomblomfield on 6/1/2015, 1:28 PM with 23 comments
  • by teh_klev on 6/1/2015, 1:40 PM

    The small-print:

    "We aren’t a bank yet, but we are applying to the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) for authorisation to become one"

    Edit: But a serious question though about your announcement. Do I really care that you are a "Full Stack" whatever bank? I'm kind of wearied by the use of "Full Stack This", "Full Stack That", this usage just makes me roll my eyes even more.

    If this is a way to hit up interest from techies like myself, at least explain what's in your "Stack" and how you're using said technology to differentiate yourself from say Lloyds, RBS, Barclays, First Direct etc.

  • by m_t on 6/1/2015, 3:53 PM

    As I see the CTO and CEO are here, I'll add my questions to the list.

    1) As you'll be based in the UK, do you have any plans with account in €?

    2) Will you offer competitive (read aggressively competitive) transfer rates in €/£ with other European bank?

    3) Will you have a coop state of mind (I'm thinking of The Co-Operative Bank in the UK, or Le Crédit Coopératif in France)?

    Thank you for your time.

  • by laugh_them_to on 6/1/2015, 3:26 PM

    I see the cto is in this thread. In what ways are you different than a bank like Simple?

  • by charliefg on 6/1/2015, 2:00 PM

    A query - would having a smart phone be necessary in order to use the service?

    I understand that it says it lives on the smartphone but would the service still be accessible via the browser?

  • by pjc50 on 6/1/2015, 2:28 PM

    a) What is this stack, and what's its approach to security?

    b) Do I get a proper API? That would be amazing. (It would also be a security nightmare, I'm sure)

  • by ptype on 6/2/2015, 10:15 AM

    Much needed, but a momentous task (regulatory wise). Good luck guys (I mean it)!