The Fintech Corridor Launch

Press release

NEW CROSS-BORDER FINTECH CORRIDOR LAUNCHED,

CONNECTING EU & UK FINTECH

Organisations, businesses and academic institutions across the island of Ireland have joined together to launch ‘The Fintech Corridor’, providing economic growth opportunities for the financial and technology sector between Belfast and Dublin.

Supported by InterTradeIreland, The Fintech Corridor initiative will provide start-ups and other businesses with a range of support resources including access to expert mentoring and knowledge exchange through its Brand Ambassador steering group, academic collaboration partnerships, skills development opportunities as well as business support vouchers.

A cross-border partnership, The Fintech Corridor covers the geographical region between Dublin to Belfast. With many well established fintech organisations and enterprise hubs already operating in the region, the area provides start-ups and SMEs with an attractive and accessible location from which to grow across the UK, Ireland and into Europe.

To launch the programme and share information about the opportunities for businesses, The Fintech Corridor will host a free online webinar on 30th September. Guests will hear from high calibre speakers including representatives from PayPal, Yapstone, InterTradeIreland, IDA Ireland and Invest NI. Alison Donnelly, Director at FScom and Ambassador for Ireland at European Women Payments Network (EWPN), will also speak about various regulatory issues arising from Brexit.

Peter Rowan, Executive Vice President of International and Global Customer Operations at Yapstone has been appointed Chairperson for The Fintech Corridor. Speaking about its vision he said,

“The Fintech Corridor initiative builds on the already established e-commerce and technology prowess along the M1 between Dublin and Belfast. By forming The Fintech Corridor, we can create an innovative and collaborative network of existing and new start-up enterprises, nurturing their ambitions with advice, support and growth opportunities.”

 “From my experience with Yapstone, I know first-hand the economic and business benefits of being located in the Fintech Corridor. We selected the region as home to our international headquarters because of the tremendous support we’ve received from IDA Ireland, local businesses and other government sponsored organisations.  The main benefit of being based in the region is access to a diverse and rich talent pool which enjoys a superior quality of life, something which in turn drives enhanced productivity within the company. About 50 per cent of the current staff are from the region or they live only 15 to 20 minutes from the office.”  

Welcoming the initiative InterTradeIreland’s Designated Officer, Aidan Gough added;

With both Dublin and Belfast named as ‘Tech Cities of the Future’, the island of Ireland is uniquely positioned to capitalise on and continue to grow it’s fintech credentials. This cross-border cluster will bring together key stakeholders with different expertise and market knowledge to create new businesses, jobs and develop skills. Businesses that join the Fintech Corridor will have the opportunity to get support and advice from industry forerunners while also working with academics to problem solve and innovate. It’s an exciting initiative and we’re delighted to lend our support along with other expert partner agencies.”

James Boyle, North East Regional Development Manager, IDA Ireland said The North East region is home to leading multinational companies looking for room to grow. As sourcing talent for FinTech becomes increasingly competitive in the Dublin region, the North East offers employers and employees an attractive alternative.  IDA Ireland is pleased to be involved in this opportunity to collaborate with local stakeholders to explore opportunities for investment, job creation and ultimately the long-term development of the region.”

The Fintech Corridor is supported by a Brand Ambassador group made up of experienced fintech companies including Vesta, PayPal, State Street, Aphix, YapStone, and Coca-Cola International Services, Fscom, TechNation, Digital DNA, AWS and the Fintech & Payments Association of Ireland (FPAI). The group also includes representatives from Invest NI, IDA Ireland, Enterprise Ireland, InterTradeIreland, the Louth Economic Forum and Louth County Council.  Several universities have also joined the grouping including the Dublin City University, Dundalk Institute of Technology, Queen’s University Belfast and Ulster University who will provide R&D partnership opportunities to members of the Fintech Corridor.

To register for The Fintech Corridor launch webinar on 30th September 2020, visit: www.thefintechcorridor.com

ENDS

For further information on The Fintech Corridor, contact Programme Manager Hilary Moran, hilary@thefintechcorridor.com  Phone: +353 (0) 83 010 5512