Irish-owned companies are playing a leading role in the transformation of the global financial services sector, and many of our fintech businesses will this week be participating in the Money 20/20 trade show, an important ‘must-attend’ sectoral event, which takes place in Amsterdam.
Irish companies attending this year’s event include start-ups and established firms that specialise in areas such as compliance, lending, payments, security, SME finance and more.
Money 20/20 is Europe’s leading fintech industry event, companies exhibiting and presenting include HSBC, Morgan Stanley, UBS, ABN Amro, ING, Barclays, and Citi.
More than 7,000 people are expected at this year’s show, including venture capitalists and other investors, financial services companies and public sector representatives from over 90 countries.
Among the Irish firms exhibiting at the event are Fenergo, the tech unicorn led by Marc Murphy, and TransferMate, another fintech company valued at more than $1bn. Others include digital identity trust specialists Daon and foreign exchange hedging innovators ALT21.
Other Irish companies attending include Cambrist, CleverCards, Continuum, Circit, Fexco, ID-Pal, Kefron, Know your Customer, Zen Pensions, Msika, NoFrixion, Prommt, Property Bridges, Provenance, STRATXAI, TRIBE, Vesta Insights and Zai.
With more start-ups ready to share their solutions with the wider market, now is an opportune time for them to be centre stage in Amsterdam.
The new generation of fintech focused companies are building on the strong reputation that Ireland has with best-in-class products that are revolutionising the provision of financial services.
Enterprise Ireland is working with over 200 indigenous Irish financial services and fintech companies, and exports in this sector grew by 32pc in 2022.
North America currently accounts for close to half of all exports from the financial services sector, and the UK is the second biggest market. And for fast-scaling fintech start-ups in Ireland, European markets are increasingly proving attractive.
Topics on the agenda over the course of the event include artificial intelligence and machine learning, open banking, instant payments, regulation and compliance, financial crime prevention, embedded finance, facial recognition, tokenisation and blockchain.
As we look ahead to 2024 and beyond, the market for innovative fintech solutions will continue to evolve and grow, as Irish fintech and financial services companies have established a leadership position for themselves in that dynamic marketplace.
Enterprise Ireland is committed to supporting the development and growth of the Irish fintech sector, and key events like Money20/20 allow us to be part of the wider fintech movement.
Karen Cohalen is head of Fintechs and Robert Grace is development adviser at Enterprise Ireland
