Leading Irish fintech companies, including Monex and Swoop, have headed to Dubai to show how their technologies can support the UAE financial services transformation boom.
The Irish Fintech Innovation Showcase event was organised by Enterprise Ireland, the Irish Government’s trade and innovation agency, in collaboration with the Commercial Bank of Dubai (CBD) and Dubai International Financial Centre (DIFC).
The event featured keynote addresses by Irish Minister Darragh O’Brien and Ireland’s Ambassador to the UAE, Aidan Cronin. They joined speakers from the UAE’s financial sector including Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, F. Christopher Calabia, CEO of Dubai Financial Services Authority, Salmaan Jaffery, chief business development officer at DIFC.
Minister Darragh O’Brien is visiting the UAE as part of a series of 60 global trade events organised by Enterprise Ireland to coincide with St. Patrick’s Day to boost business collaboration with international partners.
Irish companies currently employ almost 1.2 million people internationally and Ireland is the fourth-largest exporter of financial services in the European Union.
O’Brien said: “I am delighted to be here in Dubai to showcase Ireland’s 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.”
While, Dr Linder, added: “We are delighted to host and support Enterprise Ireland at the CBD Digital Lab. This initiative aligns well with our commitment to back our customers’ 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.”
Irish fintech companies taking part in the Showcase event, include CR2, Daon, DX Compliance, Fexco, Fund Recs, Intuition, Monex, Swoop and TransferMate.