Banking & Payments Federation Ireland
The voice of banking and payments in Ireland
Fintech & Payments Association of Ireland
The Fintech and Payments Association of Ireland (FPAI) is a not for profit organisation established in 2015 to further the interests of the Irish Fintech ecosystem and its stakeholders.
FPAI has been an affiliate of BPFI since 2018 and through this partnership delivers an ambitious agenda for the Irish Fintech sector, which involves over 800 members from over 130 companies.
What FPAI does
Through this partnership with BPFI FPAI hopes to deliver on an ambitious agenda for the coming years. This includes:
- Helping position Ireland as a Global Centre for FinTech, through active engagement with Government and the IFS2025 strategy.
- Developing and maintaining a thriving ecosystem of talent and expertise in Fintech and payments through communication, events, special interest groups and information sharing.
- Expanding our level of EU/international engagement to help shape our future and the future of Irish FinTech.
Regulation
FinTech and regulation go hand in hand and accordingly is a cornerstone of the association’s activities. FPAI, on behalf of its members, canvases views on regulatory challenges and opportunities facing the Irish FinTech ecosystem. The association also contributes to initiatives and consultation processes, both formal or informal, on behalf of its members in respect of government policy and proposed legislation which impacts on FinTech.
The Association also seeks to provide a forum for the sharing of experiences in tackling regulatory challenges amongst members, run focused educational events and programmes and maintain a resource of guidance notes from applicable regulatory authorities. The association will seek to leverage the scale of its membership to gain access to guidance papers and engagement processes with applicable regulatory authorities.
Sector Support
The association will at all times take positive steps towards deepening and broadening the FinTech community in Ireland for the benefit of all stakeholders.
FPAI will advocate for the sector with regulators and policy makers, highlighting the benefits that Fintech can bring to society in terms of employment, innovation and competition within the Financial Services sector.
The Association also seeks to provide a forum for the sharing of experiences in tackling regulatory challenges amongst members, run focused educational events and programmes and maintain a resource of guidance notes from applicable regulatory authorities. The association will seek to leverage the scale of its membership to gain access to guidance papers and engagement processes with applicable regulatory authorities.
Community
FPAI was established to fulfil the need for a dedicated forum for members to meet, interact, network and share perspectives. Using the power of community, the FPAI seeks to bring stakeholders together for mutual benefit and help exploit opportunities to collaborate.
By building connections with like-minded organisations, FPAI will also seek to extend its reach for the benefit of members. This will include the building of formal and informal partnerships with international Fintech associations, Academia, semi-state organisations such as IDA and EI along with other associations working in Financial Services and Technology.
The FPAI will also provide local contacts and introductions to overseas FinTech businesses who may choose to locate in Ireland.
The Association also seeks to provide a forum for the sharing of experiences in tackling regulatory challenges amongst members, run focused educational events and programmes and maintain a resource of guidance notes from applicable regulatory authorities. The association will seek to leverage the scale of its membership to gain access to guidance papers and engagement processes with applicable regulatory authorities.
FPAI Council
The FPAI Council oversees the strategic direction the association. Meeting quarterly, it reviews and refines strategy and defines short to medium term priorities. Council members are drawn from across the industry and bring vast experience from financial services, technology and regulation, as well as managing small medium and large businesses.
FPAI have partner organisations and working groups:
A growing and prosperous sector for Ireland
Below are some key figures relating to banking, payments and fintech in Ireland (as of end-2018)
companies located in Ireland
and international banking
financial services sector
services in the EU and 7th globally
value added to the economy of €6.1bn
The Irish FinTech Ecoystem
Fintech in its broadest articulation comprises every area of technology and innovation in the financial services arena, from payments, trading and FX, big data, risk, compliance and business intelligence to consumer-focused currency exchanges and peer to peer lenders.
In Ireland we have a deep heritage in growing financial services businesses in the International Financial Services Centre and an equally strong history in establishing and scaling Irish technology companies focused on foreign markets. We are lucky to have a diverse range of market participants who see Fintech as the context for their own innovation or at least a source of innovation from which they can benefit.
The Fintech Ecosystem comprises:
- indigenous Irish early stage and scaling technology companies;
- indigenous Irish later stage technology companies;
- multi-national technology companies with operations in Ireland;
- indigenous financial institutions;
- international financial services companies with operations in Ireland;
- venture capital and private equity investors; and
- relevant intermediaries and service providers.
FPAI organises a comprehensive events programme throughout the year for members including conferences, seminars and briefings. Events are on themes of topical interest to the industry including regulation, technology, talent and government and EU policy
Interested in joining us?
Let’s talk. For more information about BPFI membership please contact Ann Smith, Director, Corporate Services via the button below.
