Hello everyone! 
A few of you have been mentioning that you’d like to see a thread where we can keep track of Monzo Ireland’s media mentions. I’m gonna populate some that I know of (that I’ll try let you know about ahead of time), but feel free to post any appearances you find here too 
Business Post article “Irish savers losing €1.5bn a year in zero-interest accounts, says Monzo”
Irish Independent article, “Four out of 10 have no money left over at end of month to put into savings, survey shows”
MSN article, “Irish consumers are missing out on almost €500 of savings a year”
Dublin Live article, “Irish consumers missing out on €500 in savings each year”
Irish Tech News article, The Monzo Money Pulse: Irish adults are sitting on a €1.5 billion ‘Savings Gap’.
RTE article, Monzo invests €71m in Irish operations, plans to grow Irish team to 70.
Business & Finance article, “Finance is still a male-dominated industry” – Elaine Deehan, Country Manager for Ireland at Monzo.
Business post
Some 100,000 Irish customers have signed up to Monzo since it obtained a banking licence in December, the British neobank has said.
Monzo on Tuesday officially launched its Irish operation, having allowed users here to join in phases via a waitlist over recent months.
The fintech, which has 15 million customers in the UK, is promising Irish consumers a “better way of banking” – claiming only 19 per cent of customers have a high level of trust in existing banks.
Monzo received a banking licence from the Central Bank of Ireland – an authorisation that will allow it to expand its operations in Ireland and across the European Union.
Its European headquarters are now located in Dublin, where it currently employs more than 40 people.
Currently, Monzo is offering Irish customers an Iban and an instant-access savings account that pays 1.6 per cent interest.
The firm has recruited some big-name Irish bankers to lead its Irish and European operations.
Michael Carney, the chief executive of Monzo Europe, is an Irish native who previously worked at Google, Stripe and Twitter (since renamed X).
Read more: Monzo pumped €71m into Irish unit in successful bid for EU banking licence
Speaking on RTÉ Radio One on Tuesday morning, Carney would not be drawn on whether the bank would open bricks and mortar branches in Ireland.
“We’re a digital first bank,” he said. “We depend on [online] support.” he said this was the way the sector was trending.
He also welcomed the Irish governments plans for new savings and investment accounts. “This is a fantastic initiative,” he said, adding Monzo has a savings product he hoped Irish savers would use.
Elaine Deehan, its Ireland country manager, has worked at Starling Bank, AIB and several other significant banks.
Nicola O’Brien, chief financial officer of the European operation, joined Monzo from PTSB.
Its European expansion has come as the fintech has shuttered its US business, in what it described as a deliberate” and “strategic” decision.
In a statement on Tuesday, Monzo Europe cited new research it has commissioned on the Irish banking market, which it said shows just 25 per cent of Irish customers would recommend their bank to friends or family.
According to the same research, which was conducted by UK market research firm Censuswide, only 13 per cent of customers say their bank always explains products clearly and 42 per cent feel they need a “translator” to understand “banking terms, products and communications”.
Monzo enters Ireland: How the ‘Revolut of London’ will shake up banking landscape
Monzo has also said around a third of Irish customers who save earn no interest at all on their money – pointing out that Irish households are “sitting on approximately €172 billion in bank deposits, earning little or nothing”.
Carney said Irish customers deserve a “better way of banking”.
“The response to our waitlist shows just how strong that demand is,” he said, adding: “Our mission is to make money work for everyone and we’re bringing that to Ireland today with free everyday banking and a simpler, smarter way for people and businesses to manage their finances.”
Deehan said the firm’s research was clear and showed that Irish customers want “free everyday banking, money that works harder for them, a partner they can trust, and a bank that speaks their language”.
“Monzo combines the best of banking and technology with industry-first features now available to Irish customers,” Deehan added.
RTE Article - Digital bank Monzo launches in Ireland
The Journal article - Revolut rival Monzo officially launches in Ireland
