Financial Services dominating as regulations increase

What a year for Irish Financial Services providers in A/NZ. 2021 commenced with a key appetite from Irish Fintechs on entering the APAC and the A/NZ markets as open banking and post Royal Commission banking and compliance regulations come into effect. For companies used to dealing with complex legislation and regulations across Europe, this experience stands them in great place for supporting banking, financial services, and allied providers here.

This is reflected most keenly in the Regtech sector with eight new companies entering market with several client wins among the big 4 and mid-tier banks.

Three of Ireland’s Regtech clients, Vizor, Know Your Customer and Fenergo, were finalists in the Australian Regtech awards and Fenergo was also a finalist in the Fintech Australia awards

Enterprise Ireland clients participated in events with the local regtech associations across Asia Pacific and Enterprise Ireland also launched the first APAC wide regtech report which focused on insights for Australia and nine key markets in APAC. 

On the merger and investment front we saw Enterprise Ireland client Currency Fair merge with Australia’s oldest Fintech Assembly Payments, and Insolvency Technology provider Aryza acquire Australian Insolvency firm Insol6 and then have receive investment from Macquarie bank.

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