Category: FinTech

NEWS: Ireland Fintech Action Plan (European Financial forum)

2/11/2021

11th February 2021:

1) Remarks to attendees of the European Financial Forum in Ireland

Opening: Ireland's Taoiseach (Prime Minister) Micheál Martin welcomes attendees of the 2021 European Financial Forum https://youtu.be/9e5uwe_-CL0 (11m 3secs)
Opening: IDA Ireland's CEO Martin Shanahan and Ireland's Minister of State for Financial Services, Credit Unions, and Insurance Seán Fleming TD https://youtu.be/A8TEzYixwvs (15min 57secs)
Closing: Ireland's Minister for Finance Paschal Donohue (and President of the Eurogroup since July 2020) speech on 'Leading the Economic Recovery' https://youtu.be/qLumNgSlpgQ (10min 07secs)
Closing: Ireland's Tánaiste (Deputy Prime Minister) Leo Varadkar, closes the 2021 European Financial Forum https://youtu.be/vkR60XtJ0WI (8min 53secs)

The above remarks cover international financial services, brexit, fintech, payments, banking, the proposed Digital Euro, regtech, blockchain, digital assets, diversity & inclusion, monetary union Ireland's talented workforce, low corporate tax rate and export and inward investment opportunities. Did you know that the euro is the 2nd most used 'payments currency' globally?

2) Ireland's Minister of State for Financial Services, Credit Unions, and Insurance Seán Fleming TD launches the Ireland for Finance Action Plan for 2021. The Action Plan was announced during the Minister's speech at the European Financial Forum. Read more here

New actions, include:

Establishing a Department of Finance Fintech Group
Developing proposals for increased financial services collaboration in the Grand Canal Innovation District (GCID)
Delivering a new Masters programme in fintech innovation
Promoting careers for women in the Financial Services industry, as part of the ‘Career less Ordinary’ campaign
Developing a portfolio of sustainable finance education programmes
Working with the office within the Department of Finance tasked with encouraging greater competition in the Irish insurance market
Promoting the Investment Limited Partnership vehicle

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Top 10 take-aways from FT Partners' Q3 2020 FinTech Insights Report

11/22/2020

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This blog is curated based on material published by FT Partners.

FT Partners Publishes Q3 2020 FinTech Insights
The top 10 take-aways about Fintech in Q3 2020, according to FT Partners:

FinTech financing volume in Q3 2020 reached $12.0 billion.
74 financing rounds of $100 million or more, with 29 occurring in Q3.
Q3 2020 represents the 3rd largest quarterly volume ever.
74 financing rounds of $100 million or more, with 29 occurring in Q3 2020.
IPO market remains very active as well, with 22 global FinTech IPOs this year
15 IPOs in 2020 happened in Q3 alone.
FinTech M&A volume in Q3 2020 was 3rd highest ever at $66.8 billion.
COVID-19 had a greater impact on M&A activity compared to financing activity
Q3 2020 M&A activity levels signify a snapback to pre-COVID levels.
FinTech M&A activity in 2020 has also had a huge uptick in the number of mergers with special purpose acquisition companies or “SPACs”. There have been 9 SPAC deals announced or closed just within in the first three quarters of 2020, compared to only 2 in all of 2019.

Note: FT Partners’ FinTech Insights Reports are published on a quarterly basis, along with a comprehensive year-end FinTech Almanac. All information included in the reports is sourced from FT Partners’ Proprietary Transaction Database, which is compiled by the FT Partners Research Team through primary research and data analysis.

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NEWS: Ireland Fintech Action Plan (European Financial forum)

Top 10 take-aways from FT Partners' Q3 2020 FinTech Insights Report

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