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Plan by banks to launch in-app instant payment service

AIB, Bank of Ireland, and PTSB have announced joint plans to launch a person-to-person mobile-payment service to rival fintech banks such as Revolut and N26.

Business • 08 Sep

Picture of a man in a suit on a city roof

Revolut hires ex-SocGen boss Oudea as West Europe chair

Financial technology company Revolut has hired Frederic Oudea, the former CEO of France's Société Générale, as chairman of its Western Europe hub in Paris, as it prepares to apply for a banking licence in the country.

Business • 05 Sep

John O'Beirne, Chair of Fintech & Payments Association of Ireland

Fintech sector remains resilient despite tariff headwinds

Financial technology companies have been caught in the whirlwind of US President Donald Trump's sweeping tariffs, as investors in the likes of digital payment apps, fear worsening consumer finances.

Business • 24 Apr

Finch Capital said the contraction was a reflection of broader market trends

Irish fintech funding down 90% in the first half of year

Funding for the fintech sector here is down 90% during the first half of this year when compared to the same period last year.

Business • 03 Oct 24

Among the recommendations are that an industry Open Banking Working Group needs to be reconstituted

Progress needed if open banking potential to be achieved

A number of improvements involving public and private partners will be required if the potential of open banking is to be optimised in Ireland.

Business • 21 Aug 24

Joe Heneghan, chairperson of Financial Services Ireland

Financial services sector calls for Irish fintech hub

The chairperson of the industry representative group for the financial services in Ireland has called on the Government to support the creation of a fintech hub here.

Business • 17 Nov 23

Derek Butler, CEO of Grid Finance and Patricia Callan, Director of Financial Services Ireland

Lack of state support a barrier to fintech expansion

A lack of government support for growth and innovation has been identified as a major barrier to expansion in the financial technology, or fintech, sector in a report carried out by Ibec group Financial Services Ireland.

Business • 11 Sep 23

The global fintech market attracted $164.1 billion across 6,006 deals in 2022

Irish fintech investment down by over a third in 2022

Irish fintechs attracted just over $1 billion in investment last year, down almost 37% compared with the previous year, a new report from KPMG shows.

Business • 10 Mar 23

Buy Now, Pay Later services are making loans more accessible to customers, but many may not fully understand what they're signing up to

Debt toll: Caution urged over Buy Now, Pay Later apps

The 'Buy Now, Pay Later' market is booming, with big names like Apple and Revolut entering the fray; but experts are warning consumers to be careful of falling into a credit trap, writes Adam Maguire.

Business • 09 Jul 22

Billionaire Peter Thiel's Founders Fund led the investment round - which also included money from the Collison Brothers' Stripe

Thiel, Stripe among investors in US fintech Ramp

Ramp, a fintech startup that offers corporate cards and software for managing employee expenses, has said it was valued at $3.9 billion after a funding round led by billionaire Peter Thiel's Founders Fund.

Business • 24 Aug 21

Clevercards to close €10m investment round

Irish fintech company, CleverCards, is closing out a €10m capital raise, which should be completed in the next month.

Business • 21 May 21

Savings and money manager app Plum launches in Ireland

Fast growing money management and savings app, Plum, has launched in the Irish market.

Business • 17 Nov 20

Revolut had 10 million users at the end of 2019 - a figure it says has now grown to 13 million

Revolut sees revenue, losses and userbase expand

Revenue at financial app Revolut almost tripled last year as its userbase expanded - however losses at the British firm also ballooned.

Business • 11 Aug 20

Online shoppers will now face more security steps - but they may also have new services available too

Bank to the future: online banking set for big changes

While banks may have once treated mobile and online as an add-on to the service offered by branches, an increasingly digitised user - as well as incoming changes from Europe - look set to make them the most important shop front for their customers.

Analysis and Comment • 14 Sep 19

Newry-based First Derivatives said its revenues for the year to the end of February rose by 17% to £217.4m

First Derivatives' full year profits soar 38% higher

Software and consulting company First Derivatives has reported a jump in full year revenues and pre-tax profits as it secured high-profile new clients across the business during the 12 month period.

Business • 21 May 19

Stephen and Ruth Deasy of Bear Market Coffee with Magnet Networks Managing Director Ireland Stephen Brewer at the new store

Cashless coffee shop opens in Dublin

Another coffee shop that refuses to let customers pay for purchases with cash has opened in Dublin.

Business • 08 Apr 19

A new report says that the fintech sector and other financial services firms must work harder to secure the skills they need

Brexit hits ability of UK fintech to lure top talent

Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said today, threatening to slam the brakes on a £7 billion growth sector just as EU states step up competition.

Business • 19 Mar 19

TradeIX to create 70 new jobs as its expands its global headquarters in Dublin

TradeIX to create 70 jobs in Dublin expansion

Financial technology company TradeIX has announced the creation of 70 new jobs as its expands its global headquarters in Dublin.

Business • 15 Mar 19

Vice President of PayPal in Continental Europe, the Middle East and Africa, Louise Phelan

PayPal removes fees for payments to friends and family

New research from online payments firm PayPal suggests that, on average, Irish adults are owed €152 each through small loans they have made to friends and family, meaning overall more than €575m of this kind of debt is estimated to be owed here.

Business • 14 Jun 18

Valdis Dombrovskis, European Commission Vice President

Ireland set to gain from Capital Markets Union

The Vice President of the European Commission has said Ireland would benefit from a capital markets union given the country's dominant position in asset management.

Business • 31 Jan 18

In Europe more than €1.7 billion was invested in fintech companies between April and June

Fintech sector investment surges in second quarter

Global investment in the fintech sector more than doubled to €7.1 billion between the first two quarters of the year, according to KPMG's Pulse of Fintech report.

Business • 02 Aug 17

Enterprise Ireland's Competitive Start Fund will offer up to €50,000 in equity support to early stage FinTech firms

New Enterprise Ireland fund for FinTech start-ups

A new €0.5m fund has been established to support the growing number of start-ups focused on technology for the financial sector.

Business • 26 May 16

Fintech