Payment and e-money firms, for example, are expanding into the financial services ecosystem. And Ireland is the European home to some of the global BigTech firms.
We established an ‘Innovation Hub’ a few years back to allow fintech firms – as they moved from the world of technology into a regulated financial environment – to engage with the Central Bank outside of existing formal regulator and firm engagement processes. We are going to review the Hub this year to ensure we are engaging effectively in light of the rapidly-changing landscape.