|
 The relatively new Irish Central Bank Governor has just given a speech (16 June 2016) on technological innovation and financial services. It is a busy finetch week at the Central Bank - it announced enhancements to the authorisation process for fintech firms on 14 June - further details here.
The speech on technological innovation and financial services is available here in pdf. Enjoy.
0 Comments
 NB: - If you need assistance with a Central Bank application or related fintech issue, please contact Peter Oakes at Fintech Ireland. We know a number of professional services firms/individuals which provide services to fintech firms and we can discuss with you the services offered by these firms. Today 14 June 2016 the Central Bank announced further enhancements to its Authorisation Process for, among other types of firms, fintech type businesses including Payment Institutions, Electronic Money Institutions and Money Transmission Businesses*. These enhancements are further to ones announced by the Central Bank last year – more here on certain 2015 enhancements. Following the introduction of new Authorisation Process Models for a number of industry sectors*, and as part of the process of continuous enhancement to the level of clarity and transparency in how the authorisation process works, the Central Bank has further developed the description of these models on its website:
From 14 June 2016, the relevant Authorisation Process web pages and Guidance Notes have been updated to include these enhancements. No amendments have been made to the time-bound nature of the authorisation process. The enhanced Authorisation Process web pages and updated Guidance Notes for each industry sector are now available in the Financial Regulation section of the Central Bank website. See http://www.centralbank.ie/regulation/Pages/home.aspx for more information. *Note - In October 2015 for Payment Institutions and Electronic Money Institutions and in March 2016 for Money Transmission Businesses, Bureaux de Change Businesses, Debt Management Firms, Retail Intermediaries, Retail Credit Firms, Home Reversion Firms and Moneylenders   The Fintech Ireland Survey on accelerators, incubators, hubs, centres & support groups is now live
Link https://www.surveymonkey.com/r/DCDSBVZ We are looking to gather information and insights on the wonderful people, local community groups & businesses in the (Republic & Northern Ireland) out there who run fintech & innovation accelerators, incubators, hubs, centres & support groups so that we can better understand and inform fintech startups of the support networks that may be available to them. The survey comprises 10 short non-invasive questions. We will reach out to those who complete the survey to confirm details where necessary. This is Fintech for all in Ireland. We want responses from those in the Republic and in Northern Ireland (that's why we are the nation of Fintech Ireland). Link https://www.surveymonkey.com/r/DCDSBVZ  07 June 2016 - Peter Oakes, Fintech Ireland presentation at The Blockchain Conference - The challenges and opportunities for blockchain under the current regulatory regime
Copy of Fintech Ireland's slide here  7 June 2016 - Announcement of the first FinTech20 list for Ireland. As you many know the FinTech50 is a global concept that has grown and grown over the last 4 years. There is now a regular European FinTech50, on for the UK, India, Hong Kong and now Ireland!
This post repeats the announcement by Simon Cocking of Irish Tech News - see link here. If you would like to submit your FinTech company for consideration see here for more details. Why only 20 then for Ireland’s first list? For 2016 we want to ensure that Ireland’s first list showcases the very best of what we have to offer in Ireland. For this reason we have assembled a top panel to consider, debate and ultimately shortlist the top Irish FinTech companies. We’re optimistic that the list will be such a success that for 2017 many more companies will come to the panel’s notice to be included. We’re intentionally aiming for this list to be a lightening rod for all that is good and impressive about the Irish FinTech scene. Who is on the panel? We’ve pulled from the best and the brightest of those involved in the Irish banking, financial services, fintech innovation, incubators, accelerators and venture capitalists. Naturally we’re not looking for people to vote for their own pet projects, and for this reason we aimed to have as wide a panel as possible. We’re delighted with the range and excellence of those who have kindly agreed to help us curate this first list. The Panel:
|