Enterprise Ireland and Minister D'Arcy (Minister with responsibility for Financial Services) are to be commended on their recent trip to Switzerland- Stated objective to raise Ireland's financial services and Fintech profile in Switzerland.
As recently pointed out in the Irish Times by Barry McCall, "It was almost inevitable that Dublin would emerge as the hub of a thriving fintech sector in Ireland. The co-existence along the banks of the Liffey of the well-established International Financial Services Centre (IFSC) and the more youthful “Silicon Docks” with its coterie of world leading born-on-the-internet firms created an ideal breeding ground for the new sector, which merges traditional financial services with the latest advances in social media, data analytics and artificial intelligence technologies."
We have the technology- we just need to publicize that fact to the rest of the world.
This trip to Switzerland is the Sound of Music to Irish ears - showing that the Irish Government is executing on its IFS 2020 strategy for the financial sector. As stated that IFS 2020 strategy is to target the Fintech sector for growth in the coming years, noting that the “thriving tech start-up scene, combined with established research centres, creates what is an internationally recognised ecosystem for Fintech research, development and innovation. As a result, Ireland is uniquely positioned to become a leading global centre for fintech investment, where global multinationals can develop and implement their innovation strategies, while Irish-owned start-ups continue to scale up and succeed in global markets.”
The objective of the Minister’s visit is to raise the profile of Ireland’s financial services and fintech capabilities amongst key decision makers in the Swiss market. Central to his itinerary in Zurich, Minister D’Arcy will attend the Enterprise Ireland seminar “Reinventing Financial Services through disruptive innovation”, after which he will address over 100 senior executives from the Swiss Finance & Technology Association, the Swiss Business Hub, the Irish Business Network in Switzerland, the Irish Funds and Enterprise Ireland client companies