Fintech banks


#1

In trouble:

www.cityam.com/monzo-fights-for-survival-as-losses-double-to-114m/amp/

Actually quite surprised monzo is the first high profile case of fintech bank being in trouble…

could possibly prove a positive, it was only 3 years ago the government were fledging their support to these innovative banks, now they are all but pushing them under a bus, 0 support and not offering the same ability as the big banks to survive…

Hardly sending out positive signals to the UK tech space… with that news in the media hopefully the cry for serious action to be taken will pick up ?

Not that the gov give 2 shits about much else but themselves hopefully they will be under more pressure…

Will be surprised if tide doesn’t beat monzo to the liquidation yard should it not get the support it’s pushing for.


closed #2

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