Monzo chief: Trend only going one way, people want more digital banking

The UK digital bank has officially launched in Ireland with 100,000 on its wait list

Chief executive of Monzo Europe, Michael Carney: 'Our strength is that we own our own tech.'

"The trend is only going one way, people want more digital banking,” the chief executive of Monzo Europe has said, adding that they offer a "differentiated experience” that traditional banks would find "very hard to replicate”.

On Tuesday, the UK digital bank launched in Ireland with 100,000 people signing up to its wait list in advance of its full roll-out. This marks its first expansion into Europe after securing a full banking licence from the Central Bank of Ireland four months ago.