Dublin’s fintech community primed to take advantage of post-Brexit opportunities

More than 100 leaders, collaborators and disruptors from international banking and fintech hubs such as New York, Singapore, Sydney, Toronto and Mumbai, convened in Dublin recently for Enterprise Ireland’s Future of Fintech event, to meet, discuss and debate the global future landscape. Delegates also had the opportunity to meet Enterprise Ireland fintech client companies to discuss prospects for further collaboration.

Opening Enterprise Ireland’s Future of Fintech event, the Minister of State for Financial Services and Insurance, Michael D’Arcy TD said: “Enterprise Ireland’s Future of Fintech event is an important platform to promote Ireland as a world-class provider of innovative financial products and services internationally, promoting Irish Fintech solutions to international buyers. Positioning Ireland in the global Fintech marketplace is a focus of the Government’s IFS2020 Action Plan for 2018, full details of which I will be announcing later today.”

Giles O’Neill, Head of Fintech at Enterprise Ireland, said: “With 200 Enterprise Ireland client companies, employing nearly 10,000 people at the end of 2017, Irish companies are achieving significant impact in international markets, exporting to 100 countries and achieving sales of over €1 billion in 2017. These Irish companies offer innovative solutions and services in payments, regulatory technologies and broader Fintech applications across the world. They have achieved this by investing and innovating to understand the Fintech market and, correspondingly, meeting the requirements of some of the toughest professional procurement and business teams and institutions in the world.”

Ireland is a globally-recognised centre for specialist International Financial Services (IFS). Enterprise Ireland, the agency with responsibility for the development of Irish-owned businesses internationally, has over 200 clients operating in the IFS space, including start-ups, scaling, and large multinational Irish companies, a significant number of whom are based regionally. The UK and North American markets are important markets, with Europe and Asia Pacific, featuring strongly in export figures last year.

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