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Monzo boss speaks out on fraud
As the big banks argue over who’s going to refund fraud victims Monzo Chief Executive tells Money Box he won’t pay for other banks’ failures. Tom Blomfield says Monzo is five times better than traditional banks at stopping fraud so argues why should he pay into a central pot to refund victims when fewer of his customers are affected in the first place? He was speaking to Money Box’s Paul Lewis who started by asking him about the proposal for a joint fund which he chose not to back…
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