Tom Blomfield will step aside from day to day executive leadership of digital challenger bank Monzo, becoming its president.. The move meant Blomfield would no longer be part of the executive leadership team at the digital bank, stepping into a more community-focused role. The bank has also postponed the launch of premium paid-for consumer accounts, one of only a handful of known planned revenue streams, alongside lending, of course.With that said, it’s not all been bad news.
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Search 1.5 billion Email & Phone# Browse to anyone's Linkedin profile, and Contactout will find that person's email address and phone number Fintech in the age of uncertainty: Rewiring the financial system Monzo’s co-founder Tom Blomfield made headlines back in May when it was revealed that he would step down from his role as CEO and become President of Monzo.. More than five years after starting the company, Monzo co-founder Tom Blomfield is stepping down as CEO of the U.K. challenger bank to take up the newly created role of … The digital bank's newly minted US CEO TS Anil will take over from Blomfield running day to day operations, Techcrunch first reported. Today the transition was cemented following his removal from In the filing, published to Companies House, it states that the termination occurred on 17 June 2020 nearly a full month after news of Blomfield’s new role broke.
But then Monzo is no ordinary bank. The move is reportedly part of the process of moving on from being CEO and moving into the role of President. Delivered Monday at midday. Monzo co-founder Tom Blomfield has left the digital banking start-up’s board to make way for the company’s new chief executive. Tom Blomfield is no ordinary bank CEO. According to a spokesperson Blomfield, like his fellow co-founders who have all since left Shortly after lockdown began, it was revealed that Blomfield would Your daily 7am download of all things alternative finance and fintech. This includes things like dealing with regulators and overseeing a large corporate structure, two things a scale-up challenger bank like Monzo, with more than 4 million customers and over 1,500 staff, requires.The thinking behind Blomfield’s move to president is a startup cliché but also likely holds water; he’ll be able to spend more time doing the things he enjoys most (and is arguably best at), such as focusing on the longer-term vision, product and how Monzo can stay close to and best serve customers. The move meant Blomfield would no longer be part of the executive leadership team at the digital bank, stepping into a more community-focused role. Monzo co-founder Tom Blomfield is standing down as chief executive to take up a new position as the payment company’s president, after waiving his salary for a year to save costs amid coronavirus. Meanwhile, Anil — and, in the future, other country-specific CEOs — can do the day to day, more regulated aspects of running a bank.In a brief call with Blomfield just moments ago, he told me he had been thinking about a transition into a different role for about 18 months, but it wasn’t until much more recently that a formal decision was taken.“I went through all the stuff I love about my job, and it was all the stuff I did in the first two or three years,” he said. Image source: Monzo. “And I went through all the stuff that drains me, and it’s all the stuff I’ve done in the last two years, honestly. Things I think TS is awesome at.”Although it is unlikely that a huge amount will change immediately, Blomfield says he hopes that he’ll be able to spend a “bunch more time doing the stuff I really, really love, which is community, talking to customers, helping develop the product proposition, long-term vision, and talking to journalists, like you Steve, obviously, and try to unwind my involvement a little bit in more formal regulated banking activities.”Meanwhile, it has been somewhat of a turbulent time for Monzo in recent months, as it, along with many other fintech companies, has attempted to insulate itself from the coronavirus crisis and resulting economic downturn.Last month, I reported that Monzo was shuttering its customer support office in Las Vegas, Like other banks and fintechs, the coronavirus crisis has resulted in Monzo seeing customer card spend reduce at home and (of course) abroad, meaning it is generating significantly less revenue from interchange fees. Anil previously held exec roles at Visa, Standard Chartered Bank and Citi, and therefore brings a ton of banking and financial services experience. Generally speaking, the bigger the hexagon is, the more valuable Tom Blomfield networth should be on the internet! Disclamer: Tom Blomfield net worth are calculated by comparing Tom Blomfield's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. Monzo founder Tom Blomfield has exited the CEO role at the digital bank and will now become President of the company according to multiple reports.
Monzo recently And, hopefully, in his new role as president, Blomfield will sound re-energised next time I call him.