London’s Loss, Dublin’s Gain

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.┬áIreland now wants in on the action.

As the referendum in June approaches, we’re looking forward for the next moves in this area.