Irish fintech Fenergo acquired by two private equity firms in $600m deal
Fenergo’s revenue grew 17% in the last financial year.
Ireland
EML Payments halts trading over Central Bank of Ireland probe
Australian payments firm suspends shares over “significant regulatory concerns”.
Video: pick of the week – new payments system in Singapore, Bank of Ireland tech hires
A top pick of stories from the world of finance and tech in bitesize video format, weekly.
Bank of Ireland COO: “Inside every bank there’s a tech company”
“We’ve reached a tipping point,” says COO.
Stripe reaches $95bn valuation on back of fresh $600m injection
This year, Stripe will continue to pursue enterprise clients.
Branch closures mount with latest Bank of Ireland and TD Bank cuts
Latest branches following the pandemic-induced shift to digital channels.
Croí Laighean Credit Union signs for Temenos SaaS platform
Temenos wins another Irish credit union for Community Banking platform.
Dublin’s ION Group snaps up New York trading tech firm Dash
ION Group has bought a handful of other firms to date.
Irish banks plan payments rival to take on fintech entrants
AIB, Bank of Ireland, TSB, and KBC pull together to battle fintechs like Revolut.
Northern Ireland boasts highest proportion of fintech workers outside London, says report
Belfast and Londonderry is home to some 74 fintechs which employ around 7,000 people.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
EXCLUSIVE: Bank of Ireland planning UK tech revamp
Irish lender aiming to switch things up for its UK operations.
Money management fintech Yatta emerges in Dublin
Yatta promises to help users navigate the “complexities” of financial decision making.
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
“Paynetics showed up as the white knight,” says Wirecard.
N26 snaps up ex-Dropbox exec Adrienne Gormley as new COO
New COO Gormley will head up N26’s global customer service.
Ireland’s An Post launches new app to take on Revolut
By 2025, An Post wants to hit one million customers.
CleverCards CEO: There’s only going to be one winning challenger bank
CleverCard’s Kealan Lennon reckons the market isn’t big enough for so many neobanks.
Women need to be empowered not preferred, says Modularbank CEO
“They looked at me, as if to say: ‘what is this girl doing here?'” says Vene.
Irish fintech CreditLogic raises €2.4m in seed funding
Lending firm to put new cash towards product development.
Bank of Ireland fined €1.66m for regulatory breaches
The bank failed to report a security breach back in 2014.
IBM joins 12 banks backing blockchain platform We.Trade
From July 2020, We.Trade is on the look out for more bank partners.
KBC spins out wealthtech business into new start-up ‘everyoneINVESTED’
The start-up will focus on B2B services to help firms attract younger investors.
Dublin start-up My Money Jar lands investment from Enterprise Ireland
The fintech has raised a total of $1.4 million.
Starling Bank looks to Irish banking licence for European expansion
The challenger bank has been aiming for an Irish licence since last year.
Allied Irish Banks sells remote ATM network to US-based Brink’s Company
Brink’s will deploy its Point Cash solution to the purchased machines.
Mastercard plans to triple Irish workforce with 1,500 hires
Credit card giant leases three new buildings in Dublin.
EU report omits Big Tech GDPR decision, Google moves UK data to US
UK users’ data stored by Google is no longer under GDPR laws.
Three Irish credit unions sign for Temenos’ banking tech
Capital Credit Union, Credit Union Plus and Tullamore Credit Union sign for Temenos’ tech.
Freetrade takes on Europe, starting with the Netherlands and Ireland
Germany and France are next on Freetrade’s list.
Appreciate Group and CleverGift collaborate on UK digital gift card
The card will be UK’s first multi-brand digital gift card.
Elavon to acquire Sage Pay in £232m deal
The acquisition signals the start of a UK and Ireland expansion for Elavon.
Irish P2P firm Flender raises €75 million in funding
Third round of debt financing gives SME lender a boost.
Irish credit unions finally take on banks with new current account offering
The country has long-awaited the sea change.
FCA should overhaul EMIR supervision, says ESMA review
FCA ranks bottom among six major EU competent authorities for EMIR data supervision.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Allied Irish Banks chooses nCino for core technology
Accenture will be acting as the systems implementation partner
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Gardenia Technologies wins the NadiFin accelerator
It takes home a €100,000 investment from MiddleGame Ventures.
CGI makes £78.9m all-cash offer for SCISYS
The deal would expand CGI’s reach in European space and defence markets.
