U.K. regulators said Monzo didn't properly vet new customers, while Vocalink was dinged for risk management lapses. Also, ...

This is the 10th financial crime control failings-related fine imposed by the FCA in the last four years, and follows a similar action against fellow UK neobank Starling last year.

Monzo had no process to verify customer addresses, leading to accounts given to fake Buckingham Palace address.

The FCA said Monzo’s financial fraud systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in recent years.

Monzo handed out bank accounts to new customers claiming to live in 10 Downing Street and even Buckingham Palace. The digital ...

A Mastercard-owned company has been fined almost £12m by the Bank of England after it failed to fully comply with a ...

Traveler Katie Wethli knew before anyone at the airport had to tell her. Word got out through social media that she no longer ...

John Lewis edged out Marks & Spencer to take the top spot among retail outlets, with Holland & Barrett, Ocado and Amazon also ...

Companies including Atom Bank, Revolut and Zilch told the chancellor on Wednesday that stamp duty holidays or CGT cuts would ...

Wise's international payments infrastructure is cheaper and faster than traditional transfers. Click here to read why WIZEY ...

Revolut customers will now be able to invest in a stocks shares Isa and a range of ETFs in a few taps through their banking ...