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Episode details

Radio 4,4 mins

Monzo boss speaks out on fraud

Money Box

Available for over a year

As the big banks argue over who鈥檚 going to refund fraud victims Monzo Chief Executive tells Money Box he won鈥檛 pay for other banks鈥� failures. Tom Blomfield says Monzo is five times better than traditional banks at stopping fraud so argues why should he pay into a central pot to refund victims when fewer of his customers are affected in the first place? He was speaking to Money Box鈥檚 Paul Lewis who started by asking him about the proposal for a joint fund which he chose not to back鈥�

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