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News from the FPAI, January 2016

Happy new year and news from the Fintech & Payments Association of Ireland (FPAI).

International Financial Services Strategy (IFS2020)

The Board of the FPAI has been meeting with various stakeholders in relation to the Government’s IFS 2020 strategy. Central to this has been the creation of the IFS 2020 Fintech and Payments Working Groups. These groups are now in place following a meeting held in December 2015, at which Minister Simon Harris  attended and spoke to the two Working Groups. The approach and scope of work for each group is currently being finalised and updates on their progress will be presented at the regular FPAI Monthly Meet Ups. Colm Lyon – Chair of the FPAI, sits on the Industry Advisory Committee for the IFS 2020 review meetings and recently submitted a request to establish a framework for engagement and discussion on entrepreneurial support between EI, Dept of Finance and the FPAI.

In connection with IFS2020 the IDA is leading with a major event on the 27th January – the European Financial Forum - The FPAI has been involved in supporting this event and attended workshops on the development of a new brand for the sector. Enterprise Ireland are hosting a Financial Services Networking Event on Tuesday evening, January 26th from 19:00 to 21:00 in the Gravity Bar at Guinness Storehouse, St James’ Gate, Dublin 8.  This informal networking opportunity will bring together decision makers from international visitors, who are in Dublin to attend to the European Financial Forum and Enterprise Ireland client companies should contact EI directly by emailing [email protected]

Events – Monthly Meet Ups

The FPAI hosted two monthly meet ups, one in November and another in December. Our thanks to Citi for their ongoing support and facilities. Over 80 people attended each event. The launch of the IFS Working Groups event (noted above) was held on 3rd December. Further events are planned for 2016.

The FPAI is Recruiting

The FPAI is interested in hearing form people that can lead the association. We are seeking a CEO to drive the execution of the strategy for the Association, whose mission is to be the primary trade association for financial technology and payment businesses in Ireland creating a most compelling environment in which indigenous and international businesses, at all stages in development, can excel. The CEO will be responsible for the development and delivery of member services, which includes providing networking & introductions, the creation of an industry register, running member and partner events, hosting and  development of special interest groups and participation in cross industry and public sector discussions as required. Please contact [email protected].

Hong Kong Fintech Forum.

Later this month, Minister Harris, the Irish Funds Association, FPAI Chair, Colm Lyon and a delegation of businesses from the Ireland Hong Kong Business Forum will attend a Financial Services and Fintech Mission to Hong Kong. The mission will include attending the Asian Financial Forum as well as other events. Working closely with the Hong Kong Irish Chamber of Commerce, Enterprise Ireland and the Consulate-General, the primary objective of the  trip is to build connections and links between the Irish and Hong Kong fintech and payments communities. Please contact [email protected] if you need further details on this.

Payments Regulation - Special Interest Group.

One of the key objectives of the FPAI is to establish Special Interest Groups across industry. These Special Interest Groups (SIGs) are being established alongside the IFS Working Groups. The Special Interest Groups will have a narrower focus and are in place to support the members of the association and to ensure cross industry dialogue. The first of the SIGs is now being established in the area of Payments Regulation  with a specific focus on PSD2 and the EBA discussion paper on authentication and secure communications. Accordingly the FPAI is now seeking members to join and run this Payments Regulation SIG which may result in the completion of formal submissions to the relevant bodies. Please contact [email protected] to register your interest and provide a short bio outlining your experience.

Finally, the FPAI continues to coordinate with other industries associations and bodies and recently engaged with the Central Bank of Ireland, Department of Finance, FSI, Start Up Commissioner for Dublin and BPFI. A partner briefing will be held alongside the IFS Working Group briefing on Friday 15th January.