Blog

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 …

Read full post

Gemini Establishes New Base in Dublin

Gemini is a cryptocurrency exchange that is currently constructing a center in Dublin to tend to the European market. This exchange is led by the Winklevoss twins, Cameron and Tyler. The company was established in 2014 by the twins and is centrally based out of the United States. Cameron and Tyler Winklevoss gained prominence from …

Read full post

EU to Create New Agency for Anti-Money Laundering

The rise of crypto comes with the unfortunate rise of dirty money. On July 7, the European Union released documents showing their plans to create an anti-money laundering agency and new rules for transferring assets to fight against the increasing issue of money laundering. The pressure for Europe to take action against money laundering has grown …

Read full post

Europe’s New Artificial Intelligence Rules’ Effects on Businesses 

In April, the European Commission came out with the statement to regulate artificial intelligence. Their goal is to turn Europe into a global hub that uses trustworthy Artificial Intelligence through the combination of a legal framework on AI and a new Coordinated Plan with the Member States. The new rules are greatly endorsed by privacy advocates. While it …

Read full post

Irelands Central Bank Urged to Improve Resources for Fintech

The Electronic Money Association, which is a trade group representing major fintech companies including fintech giant Stripe, has been urging the Central Bank of Ireland to increase its access and produce more resources behind processing license applications. The Brussels-based organization told Irelands Central Banks in a letter that in order to proceed with their strategic …

Read full post

Fundamental Shift to Come in China’s Crackdown of Fintech Industry

The past couple of weeks has seen China’s government begin to crack down on its biggest innovators. Taking a page from the Ant Group playbook, China has imposed sweeping restrictions on the fast-growing financial divisions of 13 companies including Tencent, ByteDance, JD.com, Meituan and, Didi. The new requirements are much stricter regarding compliance when these …

Read full post

The US Lags Behind Other Countries in Open Banking Regulations

Open banking is when a financial institution (FI) enables another bank, fintech, and/or a third-party provider (TPP) to access a customer’s data through application programming interfaces (APIs), provided the customer has given their explicit consent. Historically, customer data is considered secured information that is owned by the FI and is used only at the FI’s …

Read full post