How Monzo Bank Calculates Balances
The underlying software behind Monzo’s (FinTech Bank) balance calculation strategies.
The changes sought to establish a single source of truth for balances, provide an overall account balance, ensure consistency across systems, and move away from flake timestamps.
The result?
Improved accuracy
Improved consistency, and abstraction in the balance calculations, showcasing Monzo's commitment to excellence in the world of evolving FinTech.
Read more about this fascinating transformation [free link to the article on Medium].