Sector guide
Challenger Banks & Fintechs and CIFAS Markers
Digital banks like Monzo, Revolut, Starling, and Kroo are increasingly prolific CIFAS filers. Monzo alone accounts for 224 FOS decisions in our database, more than any other institution.
Common marker types in challenger banks & fintechs
Misuse of Facility
Key issues in challenger banks & fintechs CIFAS cases
- Highly automated, markers placed by algorithm with minimal human review
- Very fast account closure and marker filing
- Often resolve quickly when a structured complaint is received
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