The Fintech Startup Taunting U.K. Banks Out of the Stone Age

U.K. mobile-first bank Monzo sent a warning shot across the bow of the financial industry in 2016 when it needed just 96 seconds to raise more than $1.2 million through crowdfunding for its prepaid card. With the U.K.’s banking infrastructure creaking, major banks — and consumers — still grapple with the back-end processes and systems […]