Monzo has announced that it plans to open a new office in Cardiff, Wales.
The mobile banking platform is working with the Welsh Government and Cardiff Council on a grant application.
Should the grant be approved, the new Monzo office could increase the staff head count by more than 500 over the next three years.
The bank will also be holding a three-month trial which will involve hiring between 20 and 60 new staff in Cardiff.
They will spend their first three months working at a temporary office in Cardiff city centre and will receive all the training and benefits as other team members.
If a permanent Cardiff office does not go ahead, the newly hired staff will remain as Monzo employees, either working remotely or in its London office.
Monzo will be conducting its first assessments in a couple of weeks.
The company now has 171 people working from London HQ and another 67 working remotely, with customer operations being its fastest growing team.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
TSB names new general counsel
TSB has announced that Lorna Curry (pictured above) will become its new general counsel in January 2018.
Why business owners need to know about Help to Grow
Last week, I read with interest some new research from the Institute of Directors’ start-up network (the IoD99) which revealed that UK entrepreneurs are feeling confident about growing and developing their businesses in 2018, despite challenges posed by Brexit and new regulatory requirements.
Metro reveals new director of commercial real estate
Metro Bank has announced Gabrielle Berring will join the challenger bank as its new director of commercial real estate on 2nd January 2018.
Aldermore names new chairman
Aldermore Group PLC has announced that Pat Butler will become its new chairman.
Have banks changed their behaviour since the financial crisis?
A quarter of UK SMEs (24%) believe that banks have failed to change their behaviour since the global financial crisis in 2008, according to a new study.
Revolut introduces cryptocurrency feature
Revolut has added a new feature to its mobile app which allows customers to buy and exchange three major cryptocurrencies.
Secure Trust Bank partners with Complete FS
Secure Trust Bank has been added to the Complete FS lending panel.
FCA publishes new rules for current account providers
The FCA has published final rules which will require providers of personal and business current accounts to publish information that will help customers to compare the service they could receive.
Will there be a rise in UK ‘drive-thru’ banks?
Just over half of finance professionals have said they expect to see an increase in ‘drive-thru’ banks, according to a survey conducted by Specialist Banking.
Swedish mobile banking start-up secures new funding
Swedish mobile banking start-up firm Plexian has completed its secondary public offering.