1. Why Ireland for
Fintech

2. Overview – Why Ireland for Fintech
Sizeable pool of youthful talent
Mature software and financial services sectors present for over four decades
Robust regulator familiar with the fintech sector
Research location for software engineering, blockchain, AI, robotics and data analytics.
Verify stat 2000 people. Paypal employs 3,000.

3. Mature International Financial Services Sector
The International Financial Services (IFS) sector has been an important feature of Ireland's economy for over 30 years.
400+ companies employing over 40,000 people.
17 of the top 20 global banks have operations in Ireland.
Leading location for cross border life, non-life and reinsurance activities.
Global leader in aviation leasing. (over 40% of all commercial leased aircraft are leased or managed out of Ireland).
Growing international payments cluster.
Leading financial technology location in Europe. Along with the UK, Ireland captures most of the FinTech venture investment in Europe.

4. Established Technology Sector
Recent investments in Ireland
Announced additional 200 jobs over next three years in product development & support
Investing €850M in a data centre complex in Galway and adding 1,000 people to the 5,000+ already at its EMEA HQ in Cork
Establishing EMEA Financial Services Blockchain R&D Lab in Dublin
Plans to grow Operations and Customer Success team to over 180
Announced 500 additional high tech positions in Ireland in 2016
Announced new multilingual operations hub in Galway
Growing EMEA HQ & Operations Centre in Dublin with 320 additional employees
Opened an R&D Lab in Dublin, focused on data analysis and machine learning
Expanding by 200 people at European HQ in Dublin
Establishing first software engineering hub outside US
Announced Centre for Innovation in Dublin people undertaking R&D in cognitive computing, IoT, advanced analytics
Plans to grow Dublin European HQ to 1,500 people across sales, engineering and online operations

5. Young, Highly Skilled International Workforce
Youngest Population in the EU: 33% under 25 (EU 28: 26.8%)
98% participation rate in education amongst 18 year olds in Europe – Highest in Europe (European Commission)
52% aged have successfully completed third level studies (EU 28: 38.7%)
1st in the World for availability of finance skills (IMD)
1st in the world for national culture that is open to foreign ideas (IMD)
Over 550,000 non-Irish people live in Ireland -among the highest levels in the EU (Eurostat)

6. Ireland’s FinTech industry timeline
Technology
Companies
MAINFRAME
CLIENT SERVER
WEB
2020
CLOUD
Financial
Services
Companies

7. Ireland’s Fintech eco-system today
REGULATORS
TECHNOLOGY
FIRMS
FINANCIAL
RESEARCH
CENTRES
GOVERNMENT
ACADEMIA
VC INVESTORS
STAKEHOLDERS
INCUBATORS
START-UPS

8. Ireland’s Fintech industry – by sector
PLATFORM
BANKING
ACCOUNTING
PAYMENTS
INSURANCE
FUNDS &
INVESTING
REGULATION
OTHERS
FINANCIAL
OPERATIONS
BITCOIN
CURRENCY/FX
CREDIT/
LENDING

9. Central Bank Regulation in Ireland
Responsibility of the Central Bank of Ireland (CBI)
Committed to delivering high quality, independent and effective financial authorisation and supervision
Purpose: Safeguard financial stability and protect consumers and investors
Carries out its functions in the context of a harmonised approach to financial regulation across the EU
A strong, independent Regulator with international credibility and relationships with the ECB, national regulators and EU Authorities (ESMA, EIOPA, EBA), Bank of England (BOE), PRA, FCA, SEC, Federal Reserve etc.
Balance Sheet: €80 Billion
Staff complement

10. R&D, Software Engineering and Process Automation
Underpinned by numerous research hubs nationwide:
Software Engineering R&D hub
Lero: a software research centre focusing on Evolving Critical Systems
IC4: Research centre focusing on applied Cloud Computing for Commerce
The Dock (Accenture): specialises in AI, analytics & IoT
Blockchain research
Deloitte EMEA Financial Services Blockchain Lab: building client-focused Blockchain solutions.
IBM Research Lab: conducting cloud, analytics, mobile, social & IBM Watson research.
Centre for Insight & Big Data Analytics
CeADAR: focusing on creating industry prototypes in data analytics
Insight Centre for Data Analytics: specialising in: media analytics, linked data, semantic web, machine learning, optimisation & decision analysis.
GRCTC: building governance, risk & compliance solutions using semantics and regulatory ontology

11. IDA Ireland – Ireland’s Foreign Direct Investment Agency
Fully funded by Government: we have been working with clients for over 60 years to help establish and grow their business in Ireland.
At the centre of the Irish business eco-system: we provide access to government, industry bodies, service providers, peer companies and 3rd level institutions.
Facilitate Due Diligence: we plan site visits, provide data & analysis, assist with RFIs.
After Care on the Ground: we provide financial incentives, permits & visas, PR & media support and property solutions nationwide.