Upstarts challenge Ireland’s traditional banking sector

A number of disruptive businesses are emerging in the banking sector aiming to reorganise how the traditional industry in Ireland performs.

The latest service to launch is Realex Fire which supplies users with a free online current account that will allow them to pay friends and businesses online in real time.

Already this year Linked Finance, a crowdsourced business lending enterprise launched and expects to have loaned €1m by the end of October.