Embracing the technology to transform the financial services world

Global fintech revenues are projected to grow sixfold between now and 2030

‘Ireland’s favourable corporate tax regime, educated workforce and strong and supportive business community combine to create a favourable environment for fintech to thrive.’ PHOTOGRAPH: ISTOCK

A quiet revolution has been taking place in the financial world over the past two decades or so due to the advent of fintech, the fusion of technology and financial services. Consumers and businesses can now manage their finances completely online without ever having to visit a bank branch while ATMs are vanishing from our streets as cash disappears from wallets and tills.

That’s just the beginning. Fintech spans every area of technology and innovation in the financial services sector from payments to foreign exchange, risk and compliance, business intelligence, peer-to-peer lending, buy-now-pay-later services, insurance underwriting, and investment advice.