Irish authorities might be scouting for London’s brightest financial technology talents as they begin looking for a future elsewhere.
This comes as worries that UK will opt out of the European Union in four months’ time increase. Attracting early stage fintech businesses to Ireland was a key target for outgoing coalition government.
London has worked really hard to cultivate its reputation as a top global location for fintech firms. These technologies compete with traditional banking services on a scale we’ve never thought possible. The British capital is in a race with San Francisco, New York, Berlin and Hong Kong to remain a leader in the fast-growing sector, and ambition formed by finance minister George Osborne in 2014. Ireland now wants in on the action.
As the referendum in June approaches, we’re looking forward for the next moves in this area.