Irish Fintech Advantage showcased at largest Financial Technology event in the world
SINGAPORE, Nov. 9, 2018 /PRNewswire/ -- Enterprise Ireland, the second largest investor in fintech companies in the world by deal count, will showcase the capabilities of Ireland's fintech sector at the largest Financial Technology event in the world -- Singapore Fintech Festival, which takes place in Singapore from 12 - 16 November 2018. Nine global leading Irish fintech companies will participate in the event representing a range of fintech capabilities -- from regtech to biometrics and payments, among others.
Irish fintech company Corlytics has been chosen as one of the finalists for the Singapore Fintech Festival Global FinTech Hackcelerator. This award was won last year by Irish fintech company Kyckr, who are also exhibiting at this year's event.
As a global hub for finance, technology and investor activity, Ireland is a hotbed of fintech innovation, helping the industry respond to challenges and opportunities from the digitisation of banking to new payments models and ever-changing compliance requirements. With a portfolio of over 200 fintech and financial services companies, with a combined revenue of over EUR1 billion, Enterprise Ireland is Europe's biggest fintech investor, investing in over 80 fintech companies in the last five years, including investments in 23 fintech start-ups last year alone.
The Singapore Fintech Festival is in its third year and set to expand on the success of the 2017 edition which saw 30,000 participants, decision makers and investors from 109 countries. The event is considered by the global Fintech community as the world's largest platform for the community. Nine Irish fintech companies will be present at the event, showcasing at the exhibition independently and as part of Ireland's national Irish Advantage Stand which is located at 4E11. The companies participating at the stand are CurrencyFair, Assure Hedge, Daon, Rockall Technologies, CR2, Kyckr and Intuition. Additionally, Enterprise Ireland-backed companies Corlytics and Know Your Customer will exhibit at the event.
Speaking ahead of Singapore Fintech Festival, Mr. Tiarnan McCaughan, Enterprise Ireland's fintech lead in Singapore said: "Singapore, as an international hub for FinTech innovation provides the appropriate setting for this comprehensive event at which we will showcase Irish fintech strengths. The companies - CurrencyFair, Assure Hedge, Daon, Rockall Technologies, CR2, Kyckr, Intuition, Corlytics and Know Your Customer -- already have a significant presence in Singapore and the region. This is set to grow through their participation in platforms such as Singapore Fintech Festival which allow us to demonstrate not just the Irish Advantage but specifically the Irish Fintech Advantage. This is anchored in Ireland's strengths both as a hotbed of innovation and a financial hub, which have made it an emerging global centre of excellence for Fintech development."
The mission will be present at Singapore Fintech Festival (Stand 4E11).
Meet the Irish Fintech delegation at Singapore Fintech Festival
Monday, 12th November 2018, 4pm at Ireland National Stand
Networking Reception -- Stand 4E11
To mark the commencement of Singapore Fintech Festival, Enterprise Ireland invites you to meet our participating companies and hear about their innovations, over canapés and drinks. You'll also get to hear about Ireland's fintech advantage from Mr. Tiarnan McCaughan, Enterprise Ireland's fintech lead in Singapore.
About Enterprise Ireland
Enterprise Ireland is the trade and innovation agency of the Irish Government. As a major capital investor, we invest in the most innovative Irish companies through all stages of their growth and connect them to international customers across multiple industries. With over 30 offices worldwide, our teams of industry experts consult with international businesses to understand and solve their business needs. For more, see https://irishadvantage.com/why-work-with-us/.
Irish Fintech companies showcasing at Singapore Fintech Festival (stand number 4E11)
Currencyfair enables individuals and small businesses to make international money transfers up to 8 times cheaper than bank
Assure Hedge's product is a web-based service which makes it incredibly easy for SMEs to hedge foreign exchange risk and protect the value of their international earnings. This technology improves significantly on the slow and inflexible hedging services available from brick and mortar banks
Daon is an innovator in developing and deploying biometric authentication and identity assurance solutions worldwide.
Rockall Technologies is the expert at unlocking asset value to both release and safeguard credit. Focused on lending, Rockall enable banks to handle the complexity required to drive high volume and high value loan books while safeguarding against risk.
CR2 has been trusted by over 100 leading banks in 60 countries to deliver retail banking services incorporating ATM, Cards, Mobile and Internet to millions of customers every day for more than 20 years.
Kyckr provides corporate data for KYC, AML and Risk Mitigation globally. Kyckr data is sourced and delivered in real time, from legally reliable sources from over 200 corporate registers.
Intuition is a leading global knowledge solutions company. Intuition help clients to optimise their knowledge capital through the provision of online courses, services, blended learning solutions and knowledge management technologies.
Also participating in Singapore Fintech Festival are:
Know Your Customer
Know Your Customer provides an end-to-end digital solution that quickly and accurately identifies and verifies companies and individuals during client on-boarding.
Corlytics provide relevant insights into the root causes of regulatory risk enabling financial firms to better plan their compliance programmes.
SOURCE Enterprise Ireland