Ireland’s growing role in the fintech revolution generates €658m in exports
When it comes to technology and innovation, Ireland has earned a strong reputation as being an industry leader on the global stage, and our growing fintech capabilities are quickly becoming world-class. Fintech has enabled change to a traditional industry, changing our lives and the world of finance, by providing a plethora of alternatives with Ireland playing a pivotal role in this evolution.
The pandemic has, like in many industries, proven to be an accelerant in terms of the pace of innovation. Unprecedented global demands in recent years have led to increased fintech adoption. Now, as we continue to emerge from the pandemic and subsequent restrictions, the global financial technology sector continues to grow exponentially, and it’s also creating positive change in the industry alongside evolving consumer behaviours.
The future is set to revolve around cryptocurrencies, embedded finance, Anti-Money Laundering (AML) and sustainable finance, with many big tech players pivoting into this space. New innovations will be needed and Ireland’s fintech companies are ready to act.
Ireland is a global technology hub, eight of the top 10 global software companies have their European headquarters in Ireland and it is home to more than 250 of the world’s leading financial services firms. Ireland has become the breeding ground for a world-class crop of innovative fintech leaders and Enterprise Ireland is currently supporting over 255 Irish fintech companies expand in international markets, with €658m exports in 2020.
To read more, please click on the link below…
Source: Ireland’s growing role in the fintech revolution generates €658m in exports – Independent.ie