Big banks are set up to ‘kill’ change, says founder of $2.5 billion fintech firm Monzo
Monzo co-founder and CEO Tom Blomfield.
Monzo
Tom Blomfield doesn’t think big banks will ever undergo a digital transformation.
The British fintech CEO says banking behemoths like Barclays and HSBC are saddled with outdated technology and a risk-averse culture to respond to the challenge that upstarts like his digital bank, Monzo, present.
“The banks really focus very hard on their…