🏦💸 Why Traditional Banks Fail at Digital Transformation (and What Monzo Got Right)

£13 Billion Spent, No Progress Made: Lessons from Monzo, Tesla and the Power of Building In-House.

Building a standout digital banking experience isn’t just about investing in technology. It’s about leadership, organisational culture, technical autonomy, and a relentless focus on customer needs.

In this article, we’ll cover:

• ❌ Why traditional banks struggle despite massive digital transformation budgets.

• ➡️ How Monzo spent £92M to outperform £13B from l…