Fintech 2022

Law and Practice

1. Fintech Market

1.1 Evolution of the Fintech Market

Ireland is home to well-developed and globally recognised technology and financial services sectors and is a fintech hub. 

IDA Ireland, the country's industrial development agency, reports that Ireland is the world's second-largest exporter of software, and that 16 of the top 20 global technology firms and 20 of the top 25 global financial institutions operate from the jurisdiction. 

Ireland is also home to a large number of fintech firms, the European home for global innovation labs and incubators. The Central Bank of Ireland (the "Central Bank") established its Innovation Hub in April 2018 to provide a direct and dedicated point of contact for firms developing or implementing innovations in financial services based on new technologies, outside of the existing formal regulator/firm engagement processes. The Innovation Hub had facilitated 253 engagements as of the publication of