James McLeod

Monzo Bank has become the latest bank to join the MTD goldrush as the digital bank announces that sole traders and landlords will be able to file taxes directly to HMRC from their business bank account without the need for separate software. The filing tool, provided via a partnership with Sage Embedded services, supports the quarterly MTD submissions and end-of-year returns, starting from the 2026/2027 tax year. Monzo joins the likes of NatWest Group, Starling and Tide in the race to attract business bank accounts -- a recommended step in the MTD process. Full story in the comments below 👇

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Open banking was covered widely at this week's Labour Party Conference, with widespread recognition of its critical role in powering UK economic growth and innovation. A standout moment was our Policy Director, Luke Ryder joining a fintech panel alongside Luke Charters MP, TrueLayer’s Megan Coulson, Financial Conduct Authority's Sacha Sadan, and Startup Coalition’s Charlie Mercer. The discussion explored: ✅ The journey OBL is supporting with industry and regulators to secure a long-term framework for open banking; ✅ How we can accelerate progress towards Open Finance to unlock benefits for consumers, businesses and the wider economy; ✅ The growing collaboration across the ecosystem to make this vision a reality. We were also pleased to participate in Innovate Finance and EY’s roundtable on Tech’s Plan for Change, where open banking was highlighted as a prime example of UK-led innovation. Attendees welcomed the move towards a sustainable, long-term model that supports the full ecosystem and enables continued growth. OBL remains committed to working with industry, policymakers, regulators, and consumer and business representatives to support this flourishing UK sector and ensure open banking continues to play a pivotal role in driving inclusive economic growth. #OpenBanking #OpenFinance #Innovation #FinTech #FutureOfFinance #Innovation #DigitalInnovation #TechInnovation The Labour Party

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📢 NatWest Accelerator and Google have teamed up to supercharge AI skills for start-ups. 📢 We’ve become the first bank to partner with Google and this unique partnership means our growing Accelerator community will receive the very best AI and digital marketing expertise courtesy of Google Cloud. Accelerator entrepreneurs will be able to access AI tools, cloud technology, and expert training in-person at our Accelerator hubs or via our app. All part of our strategy to support UK businesses to unlock growth in a rapidly changing tech environment, through digital upskilling, brilliant coaching and community support. Download the accelerator app and join the community: https://lnkd.in/eGRnn96m

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Customers are switching banks. But with the right digital experience, yours won't need to. We surveyed 4,000 customers and 400 senior banking execs across the UK and US to uncover what really drives customer loyalty and whether banks are ready to meet those expectations. Download a copy of the report. The results might surprise you: https://ow.ly/qBcn50WXj4Z

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Trustly x Virgin Media O2 🚀 A game-changing partnership in UK payments! We’re proud to announce a groundbreaking collaboration with Virgin Media O2 — marking an industry first in the UK as we bring the power of Open Banking and Pay by Bank to millions of their customers. Together, we’re setting a new standard for eCommerce and digital payments — making checkout experiences faster, more secure, and frictionless. 🎥 Don’t miss our exclusive video with Johan Tjärnberg, CEO of Trustly Group, and Abraham Georgakarakos, VP of Digital & eCommerce at Virgin Media O2 – sharing why this partnership is a milestone for both innovation and customer experience. This launch builds on strong momentum: ✅ Digital wallet payments rolled out for Virgin Media O2 contract customers ✅ A successful Open Banking pilot in 2024 ✅ And now — full-scale Pay-by-Bank payments, powered by Trustly We’re just getting started. Stay tuned — the future of payments is here.

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