Why Neobanks Are Buying Their Own Core Banking Software -...

What this episode covers

Episode 35 explores a surprising shift in fintech: neobanks like Monzo and Chime are moving away from third-party core banking providers and building or acquiring their own infrastructure. Lucas and Luna break down the economics behind this strategy, focusing on Monzo's 2024 acquisition of a core banking platform for $50 million and how that decision has changed its unit economics by 15 basis points on deposits. They discuss why scale triggers this move, the trade-off between speed and control, and what it means for the next generation of digital banks. If you're building or investing in fintech, this episode gives you a concrete framework for understanding when vertical integration makes sense for a digital lender. #Fintech #Neobanks #CoreBanking #Monzo #Chime #BankingInfrastructure #VerticalIntegration #UnitEconomics #FintechStrategy #DigitalBanking #Payments #Business #Technology #FexingoBusiness #BusinessPodcast #FintechConversations #BankingSoftware #Episode35 Keep every episode free: buymeacoffee.com/fexingo

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Frequently Asked Questions

How long is this episode of Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies?

This episode is 8 minutes long.

When was this Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies episode published?

This episode was published on June 6, 2026.

What is this episode about?

Episode 35 explores a surprising shift in fintech: neobanks like Monzo and Chime are moving away from third-party core banking providers and building or acquiring their own infrastructure. Lucas and Luna break down the economics behind this...

Can I download this Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.