Demystify Podcast: Demystifying the evolution of Monument with Steve Britain
In this latest episode of the Demystify Podcast, hosts Dave and Dharm demystify Monument Bank’s remarkable journey and its bold step into the future with a significant transformation.
Joining them is Steve Britain, CEO of Monument Technology, who shares how Monument Bank evolved from a pioneering digital bank for the mass-affluent market into two independent entities: Monument Bank and Monument Technology. This split empowers each organisation to focus on its strengths—Monument Bank continues to thrive with its innovative approach to banking, while Monument Technology is carving out its place as a leader in cloud-native financial solutions.
Steve offers a behind-the-scenes look at how Monument’s platform—designed with modern, scalable, and flexible architecture—has become a beacon for institutions worldwide seeking to escape outdated legacy systems. From challenger banks to building societies, Monument Technology is providing the tools to transform the financial industry.
What’s covered in this episode:
- Monument Bank’s meteoric growth: From launching in 2021 to a £3.4 billion balance sheet and nearly 50,000 customers, Monument sets new standards for the mass-affluent market.
- Why Monument Technology was created: The rationale behind spinning off the tech arm as an independent company and how it has already secured Ecology Building Society as its first client.
- The future of financial platforms: How Monument’s cloud-native, modular approach is reshaping the industry by offering best-in-class solutions and bypassing the need for expensive, time-consuming custom builds.
- Global aspirations: With interest from financial institutions in the US, Middle East, and Latin America, Monument Technology is poised to scale its impact far beyond the UK.
Steve also addresses the broader challenges and opportunities in digital transformation, from the risks of core banking migrations to the role of AI, cloud technology, and modular systems in future-proofing financial services.
Whether you’re a fintech enthusiast, a banking professional, or curious about the future of digital finance, this episode delivers a masterclass in innovation, strategy, and technology.
Thanks to Orama for editing this podcast. You can find out more about Orama and the services they offer here.
Take a look at the full catalogue of episodes on the Dave & Dharm Demystify Podcast homepage.
