One of the more interesting aspects of Mondo is from their blog they appear to be building their software stack from the ground up, as opposed to taking the app

One of the more interesting aspects of Mondo is from their blog they appear to be building their software stack from the ground up, as opposed to taking the approach of other new banks and buying in/white-labelling core systems from established providers. So it'll be interesting to see if a set of new FS companies grow up who aren't dependent on legacy systems. If they do you could see a world where they can more easily interoperate without a descent into mainframe batch land :)