UK’s Monument Bank is pleased to announce that they have reached £3 billion in client deposits this morning, which is £1 billion more than just over ten weeks ago.
Monument Bank claims that Q3 2024 is now “off to a fantastic start.”
They further noted that they’ve doubled their client base in just under six months, and importantly, their client satisfaction score (NPS) remains at “a record high.”
Also, Monument Bank’s newly launched Trustpilot page has achieved a rating of “Excellent” within three weeks.
According to the firm, this growth is a testament to their clients, who trust them “with their savings and champion them at every opportunity.”
Monument Bank has acknowledged their support.
As covered, Monument says that it is “building a bank that appreciates you’ve worked hard for your success.”
And like you, they know there’s always more to come.
Monument’s level of service is said to be based on one belief: as a Monument member, your time is worth more than theirs.
And your success is their success.
As covered earlier this year around May, Monument Bank announced 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.”
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.”
Steve 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?”
Steve 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lego-block architecture and platform to start a bank in many different parts of the world or to transform from legacy, outdated solutions in the UK.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.”
