American Express now available to use on Monzo Plus
London based digital bank, Monzo Bank announced today on its that customers will now be able to access their American Express account through their personal Monzo account via open banking. Open banking is the initiative of enabling customers to connect banks accounts from different providers allow them to view in one place.
The ability to add any other external bank account or credit card, including American Express, is only available to Monzo Plus users. Monzo Plus is the bank’s ‘premium’ upgrade to existing free Monzo personal accounts. With Plus, “full financial visibility” is offered, from personalised budgeting, to virtual cards, to open banking. The upgrade costs users £5 per month, with a minimum three-month term.
Bank of Scotland, Barclays, Barclaycard, Nationwide, NatWest, RBS, Ulster Bank, Lloyds, HSBC, First Direct, Halifax, Santander, Capital One were already available to connect with Monzo Plus, however, the bank states that after a large demand for the addition of Amex in customer feedback, adding it was prioritised. Monzo said that connecting with American Express took longer and extra work, due to the technology behind it being different to most other banks and choosing to offer a direct connection rather than a third-party service, for an overall better experience.
Information received from American Express will be encrypted on Monzo and customers will we asked to renew its access every 90 days. Balance and transactions will be automatically refreshed twice a day, although these can be manually refreshed by the user at any time.
Citizens Bank and Bizagi webinar: Meet the speakers
In Citizens Bank’s upcoming webinar, the company will discuss how digital transformation has enhanced critical banking processes.
Having provided an overview of the and the to be discussed, we’d now like to properly introduce the speakers: , Senior VP at Citizens Bank; , Professional Services Director at Bizagi; and , Senior Director at Blue Prism.
Now in his tenth year at Citizens Bank, Dixon heads up the company’s Consumer Banks Intelligent Automation initiatives. Prior to joining, he held previous roles in finance as a COO and a consultant. Dixon also held the rank of Sergeant in the US Army.
Rhule has had a diverse career that include roles at Nike, FedEx, the US HSS, and more, however a common thread has been his skilled application of technology.
Holding Masters degrees in both IT Systems Management and Project Management (both from Keller Graduate School of Management), Rhule joined Bizagi in 2019. As such, he seems to be a natural asset for the company’s mission of creating synergy between businesses and IT.
Finally, Jain joined Blue Prism in 2020. He held a variety of executive positions throughout a long and impressive career. In addition to working at Blue Prism, Jain is also an incumbent Instructor in Intelligent Automation at the University of Toronto.
Jain’s value to Blue Prism is obvious: the company is positioning itself as a leader in intelligent automation, unlocking opportunities for operational efficiency for over 1,800 businesses across 150 countries.