Monument Bank is pleased to announce a significant milestone in their journey of growth.
After reaching £1 billion in deposits on 3rd January this year, they have now reportedly “crossed the £2 billion mark in client deposits this morning, doubling their balances in less than four months.”
Monument explains that it is “building a bank that appreciates you’ve worked hard for your success.”
Their level of service is said to be based on one belief: as a Monument member, your time is worth more than theirs.
Steve Britain, CEO at Monument Technology, said:
“Super excited to unveil Monument Technology, taking the end-to-end cloud native platform that we designed and built for Monument Bank to enable banks and building societies around the world to build and grow a digital led future! hashtag#bankinabox is now a reality.”
They added:
“Our platform delivers everything from our own native mobile apps, integrated with best in class core banking, payments and CRM solutions to general ledger and data for regulatory reporting. Why build it yourself when you can license a proven platform for a fraction of the cost and be up and running in months not years?”
They further noted:
“I’ll be honest, when we founded Monument Bank in 2018, I never anticipated we would be licensing technology to others. But people keep asking us whether they can use our lego-block architecture and platform to start a bank in many different parts of the world or to transform from legacy, outdated solutions in the UK. So now they can. I’ll be sharing more in the coming weeks so stay tuned. Next week we’ll be on stand 62 at the Building Societies Association Conference in Manchester.”
Ian RandIan, CEO at Monument, said:
“Another new chapter in the Monument story! Driven by requests from investors, potential clients and partners, we have stood up Monument Technology so others can leverage our amazing technology. Thanks and congratulations to Steve for leading the way. Do get in touch if you want to learn more, or catch-up with Steve and the team at the Building Society Conference.”
