Partner Eoin O'Connor, consultant Niall Esler and associate Bill Laffan have provided detailed legal insight for Ireland's FinTech industry. Discussing the FinTech market, regulatory regimes, fund administors, technology, among other FinTech themes.
Ireland is home to well-developed and globally recognised technology and financial services sectors. The Irish Industrial Development Agency ("IDA") has stated that Ireland is the world's second largest software exporter, and firms including Microsoft, Google, Apple and Facebook have strategic operations in Ireland. In addition, Ireland is the fourth largest provider of wholesale financial services in the European Union ("EU"), with more than 400 international financial institutions.
While the past 12 months have seen further economic growth in Ireland, uncertainty over the UK's anticipated withdrawal from the EU ("Brexit") has been an ever-present factor. The uncertainty over the ability of UK-regulated firms to provide financial services into the EU post-Brexit has led to more than 100 applications to the Central Bank of Ireland ("Central Bank") for authorisation.
Reproduced with permission from Chambers and Partners (published in March 2019).
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