The “IFS2020 – a Strategy for Ireland’s Financial Services Sector 2015-2020” sets out the Irish Government’s vision for the future of Financial Services in Ireland and presents a five year strategy to further develop Ireland as a global leader in the sector. This document sets out a new strategy and vision for FinTech in Ireland.
Our vision is for Ireland to support and foster a vibrant, globally-orientated FinTech hub that is synonymous with; the development of cutting-edge technology; the design of great products and solutions, and the Growth of Globally scalable FinTech firm; Making Ireland a FinTech destination of choice.
At the outset, this document aims to set the scene with a definition of FinTech and an overview of FinTech in Ireland and Globally – setting out key investment statistics which demonstrate the significant growth in FinTech which has taken place.
We then examine the key success factors or attributes of a well-functioning FinTech eco-system and analyse Ireland within each, showing the current status across Talent; Capital; Policy; Demand and Technology. This is set within a global context with key characteristics of other competing jurisdictions also highlighted.