\u201cI\u2019m honoured to launch Enterprise Ireland\u2019s international campaign \u201cIreland: Innovation at the Edge\u201d. This campaign is also about what Ireland offers as a country to our entrepreneurs. We are a small, open economy, a country on the <\/em>edge of the Atlantic and at the heart of the European Union, a bridge between Europe and the US, where the giants of tech meet the world\u2019s most creative minds, where cutting edge research and industry work hand in hand.\u201d<\/em><\/p>\n\n\n\n Welcoming the <\/strong>Irish Fintech Innovation Showcase in Dubai, Irish Minister Darragh O\u2019Brien T.D said,<\/strong>\u201cI am delighted to be here in Dubai to showcase Ireland\u2019s extensive capabilities in Fintech. With our collaborative approach, Irish companies are partnering with leading financial institutions across the world to deliver their financial services technology transformation. The UAE is a key priority for the Irish fintech sector who have the extensive expertise and innovative products to help meet the increasing demand for world leading solutions that we see in the country.\u201d<\/em><\/p>\n\n\n\n Irish fintech innovation can support the UAE financial services transformation boom<\/strong><\/p>\n\n\n\n Globally, fintech is outperforming other finance sub-sectors in terms of growth. Over the next three years, the global fintech market is anticipated to grow around 20 percent per year over to reach a market value of $305 billion by 2025.<\/p>\n\n\n\n Having identified fintech development as a national priority, the UAE is among the countries that are leading the way in embracing the technology innovation that is transforming financial services into the future.<\/p>\n\n\n\n To deliver this national priority, collaboration will be key to achieving the ambitions for the UAE and is demonstrated through the today\u2019s event, the Irish Fintech Innovation Showcase, which brings together a range of partners in this shared agenda.<\/p>\n\n\n\n Highlighting the region\u2019s largest Innovative ecosystem, Commercial Bank of Dubai (CBD) showcased their recently launched CBD Digital Lab, the first initiative by a UAE bank to establish a R&D facility in the DIFC Innovation Hub.<\/p>\n\n\n\n Dr. Bernd van Linder, CEO of Commercial Bank of Dubai said, <\/strong>\u201cWe are delighted to host and support Enterprise Ireland at the CBD Digital Lab. This initiative aligns well with our commitment to back our customers\u2019 ambitions and helps support the growing FinTech ecosystem in the UAE. I am particularly excited to see new ideas and innovations from the Irish FinTech partners and leveraging their knowledge and expertise for the benefit of UAE residents.\u201d<\/em><\/p>\n\n\n\n Several Irish fintech major players are already operating across the region with others in late-stage discussions that will lead to their fintech solutions potentially being adopted in the UAE and across the region.<\/p>\n\n\n\n With the Enterprise Ireland team on the ground in the UAE and wider region, Fintech has been earmarked as a priority opportunity for major growth. Stephen Twomey, Senior Market Advisor for Fintech at Enterprise Ireland MENA said,<\/strong>\u201cThe FinTech scene in the UAE and right across the Middle East is both vibrant and thriving with plenty of opportunities for Irish companies to bring their world leading solutions to support the regions financial sector. Irish FinTech is well received in this region for its innovative tech and ability to solve complex problems.Through collaborations such as these at the Irish Fintech Showcase event with Commercial Bank of Dubai and DIFC to name a few, it will lead to more and more Irish fintech innovation being part of the transformation of the financial services sector in the region.\u201d<\/em><\/p>\n\n\n\n Ireland is respected worldwide as a Fintech innovation powerhouse<\/strong><\/p>\n\n\n\n As a global financial services and technology hub, Ireland is a major source of fintech innovation, with the knowledge and expertise that is valued worldwide.This powerhouse reputation for Irish fintech innovation has arisen in part due to decades of R&D funding provided by the Government of Ireland to create an innovation ecosystem, as well as being a global technology hotspot with eight of the top 10 global software companies having their European headquarters in Ireland. The country\u2019s concentrated tech industry spawns a rich stream of world-class talent and start-ups.<\/p>\n\n\n\n Combine this with the fact that Ireland is home to more than 250 of the world\u2019s leading financial services firms and services over 40 percent of all global hedge fund assets. It makes Ireland the fourth-largest exporter of financial services in the European Union.<\/p>\n\n\n\n Enterprise Ireland is proactive in supporting its Fintech sector to thrive and be competitive globally. The state agency currently supports over 200 Irish fintech companies and it is the world\u2019s second biggest fintech investor by deal count. It\u2019s not surprising therefore that six Irish fintech companies are on the global Regtech 100 list.<\/p>\n\n\n\n Leading Irish Fintech innovators participating in the Dubai Showcase<\/strong><\/p>\n\n\n\n The nine leading Irish Fintech companies at the Irish Fintech Innovation Showcase event provide leading solutions in payments, retail banking technology, compliance, identity management and network management.<\/p>\n\n\n\n Leading Irish Fintech companies will be in Dubai to take part in the Irish Fintech Innovation Showcase event organised by Enterprise Ireland, the Irish Government\u2019s trade and innovation agency in collaboration with the Commercial Bank of Dubai (CBD) and Dubai International Financial Centre (DIFC). With a line-up of senior speakers from the UAE\u2019s financial sector including Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, F. Christopher Calabia, CEO of Dubai Financial Services Authority, SalmaanJaffery, Chief Business Development Officer at DIFC, the event will also include keynote addresses by Irish Minister Darragh O\u2019Brien T.D., Minister of Housing, Local Government […]<\/p>\n![\"\"](\"https:\/\/blog.uaetoday.com\/wp-content\/uploads\/2022\/03\/DIFC-2.jpg\")
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