KPMG welcomes launch of FinTech and Payments Association of Ireland

KPMG welcomes launch of FinTech and Payments Asso...

KPMG has today (14 September 2015) welcomed the launch of the FinTech and Payments Association of Ireland (FPAI), as one of its founding members, by the Minister of State for International Financial Services, Simon Harris TD at its launch event in Dublin.

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KPMG welcomes launch of FinTech and Payments Association of Ireland

FPAI is a new trade association for all stakeholders who are involved in financial technology and payments in Ireland. Its primary aim is to position itself as a catalyst for creating the most compelling environment in which both indigenous and multi-national FinTech and Payments companies can excel. As an open and representative body, businesses of all sizes and stages of development are encouraged to join: start-ups, scaling and international businesses are all welcome. The Association will involve and position itself as a key contributor to the government’s International Financial Services Strategy (IFS 2020) and lead the way in creating the structures and dialogue needed to support the Fintech and Payments ecosystem.

Anna Scally, partner at KPMG and Board Director of FPAI said: ‘Ireland is critically positioned to make the most of the FinTech opportunity in Europe. We have a vibrant and well-established technology sector, an increasingly healthy financial services sector with global reach and a wave of start-up companies achieving international recognition.

‘The Government has acknowledged Ireland’s potential in FinTech and the opportunity for economic growth and employment is clear. FPAI will provide a strong, united voice for the growing FinTech community and its investors, and we welcome the support provided today by Minister Harris.’

KPMG has been driving the FinTech agenda in Ireland from the start and is the only professional services firm noted in Onalytica’s (PDF, 631KB) Top 100 list of international FinTech players (at number 20). The firm has a strong track record of working with a broad range of companies across technology and financial services including fast growth companies and ambitious entrepreneurs. It recently announced an exclusive global alliance with Matchi, the innovative FinTech matchmaking platform that connects banks and insurance companies with financial services technology start-ups from across the globe.

FPAI’s founding Board of Directors are Anna Scally of KPMG, Colm Lyon of Pay with Fire (and formerly Realex Payments), Morgan Lynch of Senddr and Colm Rafferty of Maples and Calder.

ENDS

For more information, contact:

Paul Gray

Communications Manager, KPMG Ireland

paul.gray@kpmg.ie;

(01)700 4728 

Notes for Editors

About KPMG in Ireland 

KPMG in Ireland employs 2,200 people across its audit, tax and advisory services from offices in Dublin, Belfast, Cork and Galway. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services.   

Defining FinTech 

‘FinTech’ has become a universal description for the application of new technology to financial services, ranging from back office CRM functions to leveraging new mobile technologies, but its meaning is also evolving. The term is now being used to capture a whole range of innovative applications in financial services including mobile banking, crowd funding, digital currencies (for example, Bitcoin), foreign exchange and payments and transactions, as well as providing a general name for start-ups providing technology services to the financial services sector. KPMG has been driving the FinTech agenda in Ireland from the start and has a long track record of working with fast growth companies and ambitious entrepreneurs across both the financial services and technology sectors. 

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