Latest news with #RobertTroy
Finextra
a day ago
- Business
- Finextra
Irish fintech sector defies global headwinds
Ireland's fintech sector has delivered exceptional performance despite global headwinds, attracting nearly €1 billion (€997.8m) in investment over the past 5 years. 0 While European fintech VC deal activity levelled off in 2023, Irish fintech experienced an exceptional year with the second-highest year for deal volume in a decade, attracting €266.3 million in investment, representing the second-highest annual deal volume in a decade, according to a new Enterprise Ireland report powered by PitchBook data. Enterprise Ireland is ranked among the top three most active European fintech investors in 2024, driven by strategic focus on early-stage companies where the organisation excels. The robust investment activity reflects Ireland's growing position as a global financial services hub, now hosting over 400 international financial firms - including half of the world's top 50 banks and over 200 Irish-born fintech and financial services companies. Leading the Irish delegation to Money2020 Europe, Ireland's Minister with special responsibility for Financial Services, Credit Unions and Insurance, Robert Troy TD, said: 'Ireland has achieved a well-earned reputation as a global destination for financial innovation with a leading position in fintech, reflecting the country's success in attracting major firms and fostering a vibrant startup ecosystem. Ireland is home to over 400 financial services companies, including global players like Stripe, PayPal, and Square, as well as homegrown innovators such as FEXCO, Fenergo and TransferMate. This ecosystem is supported by a highly skilled workforce, a strong regulatory framework, and underpinned by the Irish government's 'Ireland for Finance' strategy. 'Fueled by AI and cutting-edge technologies, Ireland's fintech and financial services ecosystem is dynamically adapting to global changes, driving innovation and delivering smarter, more inclusive financial solutions for the future. Money2020 is an important international platform to showcase this,' added Minister Troy. Anna-Marie Turley, Head of Enterprise Ireland's fintech and financial services portfolio commented: 'Ireland's dynamic landscape of fintech companies, particularly in the areas of regtech, payments, digital identity, sustainable finance, and AI highlights the strength, innovation and diversity present in Irish financial services. Critically, there is a very strong level of R&D investment in the fintech space in Ireland. Enterprise Ireland's fintech clients have invested over €600 million in R&D between 2018 and 2023. 'With fundraising budgets tightening globally, Enterprise Ireland's strategic investments, and the Irish government's support for innovation, will help firms to scale further and ride out disruptions in the global trading environment. Money20/20 is an important platform to showcase the scale of fintech innovation from Ireland, which is delivering for a global industry,' added Anna-Marie Turley. Over 20 Irish fintech companies are participating at Money2020 this year and will be showcased at the Irish Pavilion (stand 1H130) including industry heavy weights FEXCO, TransferMate, ID-Pal, Know Your Customer, DAON and rising stars such as Apata, Dimply, Prommt, Splink, CleverCards, Continuum Commerce, Engage Hub, Facilipay, among others. Enterprise Ireland is set to build a strong presence at this year's Money20/20, promoting Ireland as a centre of excellence and innovation for regtech, fintech and financial services, and celebrate the success of Irish fintech and financial services companies across the European market. Money20/20 offers Enterprise Ireland clients unparalleled opportunities to expand their reach in Benelux and beyond. Key events across the conference included: Taste of Irish Fintech @ Money20/20 - an Irish reception at the Enterprise Ireland Stand (stand 1H130) Tuesday 3 June, 14:00-15:00 Enterprise Ireland Money20/20 Networking Event for partners with Guest of Honour Robert Troy TD, Minister of State at the Department of Finance Breakfast Networking Roundtable on The Future of Payment with Artificial Intelligence - Wednesday, 4th June 2025 8am to 9:15am EU Competitiveness and Fintech Innovation in Ireland - Robert Troy TD, Minister of State at the Department of Finance, will be on stage joined by Fortune's Europe Business Reporter Ryan Hogg, to offer his thoughts on creating an attractive ecosystem for founders, growth, and talent. Wednesday 4 June,14:30—15:00 at Briefing Stage
Business Post
5 days ago
- Business
- Business Post
‘There was a bit of the green jersey': Irish fintechs and a minister in Amsterdam for Money20/20
Robert Troy, Minister of State at the Department of Finance, being interviewed at Money 20/20 Europe in Amsterdam. Picture: Enterprise Ireland
Irish Post
03-06-2025
- Business
- Irish Post
Irish delegation head to Amsterdam for fintech conference
SOME of Ireland's most successful fintech firms will be represented at a global industry conference taking place in Amsterdam today. Ireland's Finance Minister Robert Troy will lead the delegation at Money2020 Europe, who will meet with fellow industry leaders from multinational companies, as well as political leaders from the Netherlands. Ireland's Finance Minister Robert Troy will lead the delegation at Money2020 Europe Among the Irish-founded firms taking part are global payments platform Stripe, the Kikenny headquartered Transfermate and Fexco, which is based in Kilorglin, Co. Kerry. 'Money2020 is a critical platform for Irish fintechs to showcase their capabilities, connect with global stakeholders, and secure further partnerships,' Minister Troy said today. 'Ireland's fintech sector is a real asset to the country, with global success stories like Fexco, Stripe, and TransferMate, bolstered by companies who are scaling into being international players,' he added. 'This government and our agencies are committed to ensuring that fintech continues to be developed and invested in.' Currently the government agency Enterprise Ireland is the third most active investor in fintech in Europe - having invested over €90m in more than 200 Irish-born fintech and financial businesses to date. 'It is a great honour to represent the Irish Government at Money2020, where I will be seeing first-hand the mark which our companies make on the international stage,' Minister Troy said. 'I will also use the opportunity to highlight Ireland as a destination of choice for financial innovation. 'Our skills and access to multiple markets make us a competitive force in Europe, and that is something I will continue with the forthcoming work on the Government's next international financial services strategy, Ireland for Finance.' See More: Amsterdam, Fexco, Fintech, Ireland, Stripe, Transfermate
RTÉ News
21-05-2025
- Business
- RTÉ News
Paysafe opens new EEA head office in Dublin
Payments platform Paysafe has officially opened its EEA head office in Dublin City Centre, with the support of the Irish Government through IDA Ireland. Paysafe connects consumers and merchants around the world through payment processing, digital wallet and online cash solutions. Founded in 1996, it employs around 3,000 people across 12 countries. "Ireland has been a key part of our journey for many years, and the opening of our new office in Dublin reinforces our commitment to the region," said Bruce Lowthers, CEO of Paysafe. "With more than 50 team members now based here, we're proud to continue investing in Ireland as we expand our global payment solutions and support businesses and consumers around the world," he added. Robert Troy, Minister of State with responsibility for Financial Services, Credit Unions, and Insurance welcomed the opening of the new office. "Ireland has worked incredibly hard since the late eighties to be a destination of choice for financial innovation, and Paysafe's commitment to Ireland in 2025 is a clear vote of confidence in our international financial services (IFS) and fintech sectors," he said. "Later this year, we will begin to develop the next version of our Ireland for Finance strategy, to further grow the IFS sector out to the end of the decade. "The continued growth of international companies like Paysafe are proof that our policies continue to attract cutting edge firms to operate here," he added. Michael Lohan, CEO of IDA Ireland congratulated Paysafe on their new office in Dublin. "Since establishing here in 2019, this move demonstrates Paysafe's further commitment to embedding themselves in our vibrant business community.
RTÉ News
18-05-2025
- Health
- RTÉ News
Promise to publish audit on children's hip surgeries
The Minister for Health will publish an audit on unnecessary hip operations for children as soon as she has "digested it" after receiving it, Minister of State Robert Troy has told RTÉ's The Week In Politics. His comments come in a week where opposition politicians said parents were being kept in the dark over the clinical audit of hip surgeries for chidren, saying there was confirmation that the children's "hip surgery scandal" at two Children's Health Ireland (CHI) hospitals goes back 15 years and not just the two-year period currently under review. There have been calls for clarity on the number of unnecessary surgeries carreid out and for the audit to be published urgently. A CHI-commissioned independent review into hip surgeries in children, announced in July last year, is looking at a random, anonymised sample of dysplasia of the hip surgeries, between 2021 and 2023, at Children's Health Ireland hospital sites, as well as Cappagh Orthopaedic Hospital. It has been examining whether the criteria used for surgical intervention varied between three hospitals and if surgery was required in all cases. During the week, it was announced that more than 2,200 letters had been sent to parents of children who had dysplasia of the hip surgery offering routine follow-up appointments. Children's Health Ireland sent more than 1,700 letters to parents of children who had the surgery at Temple Street and Crumlin, with more than 500 letters also issued by National Cappagh Orthopaedic Hospital. An early recommendation from the audit, which has yet to be completed and published, was for letters to be sent to parents offering routine follow up appointments. These appointments are being arranged over the coming months. Labour TD Marie Sherlock has said there is a huge issue of trust with Children's Health Ireland (CHI) after "debacle after debacle". Speaking on RTÉ's The Week In Politics, the Dublin Central TD said there are serious questions for CHI and its board must come before the Health Committee. Parents must receive concrete assurances on getting clinical oversight and advice, she added. Speaking on the same programme, Sinn Féin TD Claire Kerrane said parents should get access to an independent clinical assessment of their child's surgery. Separately, on the joint opposition motion on assessments of need, Ms Kerrane said more funding to speed up and ensure children get their assessments of need plus recruitment and training of staff must be looked at. Ms Sherlock said it was very powerful that there was a cross-party opposition motion on the issue. She said staff recruitment was lagging way behind demand. Minister Troy said the Opposition were "dead right" to bring forward the motion, although he did not know whether the Government would support it as that decision would be made at Cabinet on Tuesday. Disability was very high on the Government agenda, he said. He said that while the waiting list was too high, there had been an increase of 35% in the number of assessments taking place and €10 million had been assigned to fund private sector assessments. Ms Sherlock said she was concerned that the Government did not have a grasp of the issue. She said the whole system on how children were presenting should be rewired.
