Monzo deploys backup bank in face of outage
Monzo says it has activated its independent backup bank after thousands of customers reported issues with accessing its app.
Monzo says it has activated its independent backup bank after thousands of customers reported issues with accessing its app.
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Why it matters
Monzo activating a backup bank during an app outage is a routine operational contingency with limited market impact and no broader credit or regulatory implications.
Sources
Finextra
Monzo deploys backup bank in face of outage
Monzo says it has activated its independent backup bank after thousands of customers reported issues with accessing its app.