Fintech Ireland

During this soft launch period for the Fintech Ireland Summit (Thursday 28th November 2024) you can now book early bird tickets via the eventbrite page here https://lnkd.in/ewkFqmbT. If you would like to discuss Sponsor and/or Exhibition opportunities you can let us know by completing the form here https://lnkd.in/egCr9RTh or dropping an email to events@fintechireland.com We are looking forward to releasing details of the initial line up of speakers and the evolving programme in the next week. FinTech Scotland FinTech Wales FINTECH UK FintechLithuania.com Official (Fintech Lithuania) Innovate Finance

Started reading an interesting article about Irish credit unions desiring the opportunity to provide more mortgages. The article highlighted that the average interest rate on credit union mortgages last year was 3.7%. This compares favourably against an average of 3.9% for first-time borrowers from banks. Then clicked over to First Tech Credit Union which we noticed offers a new starter loan for those joining an ICT company (Information, Communication and Technology) who 'need to get yourself set up with accommodation, a car or anything else'. The credit union allows the borrower to borrow up to €15,000 from as little as 4.8% APR. That is less than many banks charge in terms of interest on mortgages. We don't have any relationship with First Tech Credit Union. But we like its focus on supporting employees of #fintech companies and #ICT firms. https://lnkd.in/e_ZgZyiG

Hi All - If you are an Irish fintech or regtech and you have Asia on your roadmap or are already focused on the region, note that Fintech Ireland is meeting with the Asian Development Bank (ADB) at the invitation of Department of Finance Ireland in the first week of September while the ADB's team is in Ireland. The ask from Fintech Ireland: If your fintech or regtech (includes sustainable finance and digital finance) has entry / business development in Asia on your roadmap or is currently focused on the region, please get in touch because your information/input should be useful when we are setting the Irish fintech scene (and how it scales) at the meeting. We could give your fintech/regtech a specific shout out to the senior executives of ADB too as we move through our presentation. That should help your fintech/regtech and it will also help as a step in strengthening the relationship between Ireland and ADB member countries through shared values and economic interests. We understand that the ADB is impressed with and very interested in the IRELAND FOR FINANCE Strategy. The Philippines (Manila) based ADB one of the Multilateral Development Banks (MDBs) of which Ireland is a member, is planning a high-level visit Dublin over the 2-4 September period to facilitate the identification and development of opportunities in the Asia-Pacific region for Irish financial services companies, including those involved in #FinTech, #RegTech and #SustainableFinance. They are also interested in linkages between business and the Third Level sector covering the overall area of research but also skills and talent development. The ADB is Asia and the Pacific’s climate bank, a regional development bank established in 1966 to promote social and economic development. ADB provides loans, technical assistance, grants, and equity investments through private and sovereign sectors operations. ADB aims to support its developing member countries (DMCs) in reducing poverty; supporting climate resilience, mitigation and adaption, and building back nature; and fostering private sector solutions.  Potential areas of collaboration/sustainable partnership under the "Ireland Asia-Pacific-Strategy" are: 1. Knowledge Sharing. 2. Consultant Opportunities for Ireland’s Companies:  Given Ireland’s deep experience in areas such as environmental and nature-based finance and #digitalfinance / fintech, regtech, #AI, and #cybersecurity, there are opportunities for companies to bid on ADB RFP’s for financial sector projects to build their capacity or develop new products.  3. Direct Funding/Co-financing Opportunities with Irish Banks and Companies. 4. Government of Ireland Funding for ADB’s Financial Sector Development Partnership Special Fund (FSDPSF). Interested in hearing from fintech and regtech firms in the above fields. Contact us here in the comments, or email hello@fintechireland.com by close of business 28 August please.

The first time the EU competition commission has fined a business for the deletion of messages on an app such as WhatsApp. Something for all industries and executives to be aware of, including fintech and others when it comes to regulatory inspections (especially anti-competition investigations).

Irish #fintech start-up based in Sligo, FacePOS Limited, partners with Visa-owned subsidiary Tink.

Shout out for Dermot Kennedy MBA, BFRCP who has announced he is starting as Chief Executive Officer at #digitalasset firm Pionew Ireland (Webot)!⬇️⬇️ All the best from Fintech Ireland Dermot.

Irish & US #fintech Stripe snaps up US payment processing start-up Lemon Squeezy. The acquisition is one of only a small number of deals the payments company has made in recent years By Charlie Taylor https://lnkd.in/eg-SKEds

Spoke to Donal MacNamee of the Business Post ahead of his piece on Why Revolut’s UK banking licence is good timing for its growing Irish #fintech ambitions. Read it here https://lnkd.in/e24gAKbH

Many thanks to Charlie Taylor, Technology and Innovation Editor at the Business Post for discussing this morning's Crowdstrike meets Microsoft IT outage. And despite what you might see in the headlines that everything has been fixed at Microsoft (which could the case), there are still outages happening in the chain. We can image that at every operational resilience and/or DORA presentation we go to, there will now be only one (death by) powerpoint slide used when explaining the context of operational resilience. It will be a screenshot from a newspaper screaming "Global IT outage at Microsoft causes worldwide havoc - leads to intolerable hard for consumers of banks and fintechs. Retailers, tech, airlines and broadcasters also among those impacted". We are reading that CrowdStrike has just ruled out a cyberattack as the reason occasioned by it for the outage at MSFT. As it's CEO says: "For context, CrowdStrike is a cybersecurity service designed to stop internet breaches or hacks for the world's biggest companies." If the manner through which it seeks to prevent IT outages causes IT outages, what hope do we have? See Charlie's piece below. 👍

Ireland is now home to at least 75 regulated fintechs with the registrations of both Foris DAX Global Limited (aka Crypto.com) and SORS Digital Assets Limited. Fintech Ireland is delighted to welcome both firms to the ever-growing Regulated Fintech Map (Version 11) and the VASP Map (version 8). Thanks to CompliReg and MiCA Ready which support firms in the in the #cryptoasset / #virtualasset industry. Get in touch if you need assistance with a VASP registration or are planning a #MICAR authorisation. https://lnkd.in/eidtt_ny