Blog

What is the Future of Fintech?

Dr. Anino Emuwa gives her thoughts on fintech investment and what that means for the future of the fintech industry. Dr. Emuwa is currently the Founder and Managing Director at Avandis Consulting, which is a financial advisory company in France.   In terms of global investment, the fintech industry has rebounded spectacularly this year with record-breaking …

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Square Launches a New Bitcoin Business

The digital payments company Square has announced its plans to create a business with a focus on Bitcoin cryptocurrency to design decentralized financial services.  Square CEO Jack Dorsey posts about these new plans on Twitter saying that the company is “focused on building an open developer platform with the sole goal of making it easy …

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Permanent TSB Acquiring Billions from Ulster Bank

Permanent TSB is planning to acquire €7.6 billion in mortgages and small business loans from Ulster Bank as part of the Bank’s phased departure from the Republic of Ireland. While this is only a portion of the €22 billion deposit book, this acquisition can turn Permanent TSB into a major player in the lending industry. …

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What is Open Banking?

 Fintech is rapidly developing and innovating new products regularly. Open banking is one of these innovations that anyone interested in the industry should understand. Open banking is an approach to payments that allows for immediate transactions between two separate bank accounts. This can occur when all customers involved have complete control over their payments and …

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ESB Makes Cuts To Mortgage Rates

Many EBS customers will be able to save on their current mortgages after an announcement from the building society made a statement that the company will be cutting its three- and five-year mortgages by 0.15 percent. The new rate came into effect last Thursday. EBS is a financial institution of Ireland that services over 400,000 …

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How Can Ireland Expand Its Regtech Industry?

The most prominent industry in Ireland’s fintech sector has been payments for a long time. However, regulatory technology, or regtech, has quickly been growing and expanding its reach internationally.  Regtech is a bit less known because it does necessarily offer direct services to consumers. Instead, it includes technologies that allow regulated bodies, such as banks …

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New Anti-Money Laundering Reform in Ireland

Banks in Ireland have adopted what some consider to be “radical” reform measures from the EU. These new regulations regard anti-money-laundering guidelines that would have the bloc oversee the riskiest of firms and crypto traders.  The newly established authority of 250 employees will look for any transactions occurring across border lines that they find to …

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Can Traditional Banks Keep Up With Fintech?

In today’s innovative age, financial service customers now can complete almost all financial activities online. There has been a great expansion in digital banking services recently, pushing banks to think creatively as to how they can keep up with these fintechs.  Some people prefer going to a traditional bank to complete transactions, while many these …

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The Relationship Between Fintech and SMEs

Throughout the last decade, the fintech sector has found much success. Looking forward, the sector is expecting to achieve even higher amounts of success and become completely different than ever witnessed before in the upcoming decade. New regulatory initiatives like the Revised Payment Services Directive (PSD2) and Open Banking were introduced to encourage competition within …

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