Fintech Ireland + Copenhagen Fintech · Fintech Ireland + Copenhagen Fintech Tuesday 6th December 2016 1 ... Acknowledge the negative consequences of a hard Brexit on Ireland ...
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Peter Oakes - Founder, FintechIreland & Fintech UKhttps://ie.linkedin.com/in/peteroakesExecutive & non-executive director, advisory committee member to regulated &unregulated companies, including Fintech, RegTech, MiFID and Funds. Panel Member,Fintech20 Ireland
Solicitor admitted in Ireland, the United Kingdom and Australia
Founder of Fintech Ireland & Fintech UK
2014-2016: Board Director & Chief Risk Officer for Bank of America Merchant ServicesEurope
2010-2013: Central Bank’s first Director of Enforcement and AML/CTF Supervision inOctober 2010. Member of the Senior Leadership, Operations, Policy & Supervisory RiskCommittees
Over the past 25 years Peter has worked as a regulator (Ireland, UK & Australia) and inthe investment management, payments, funds & fintech industries (UK & Ireland) inBoard, C-Suite, Legal and Compliance/Risk roles. He has also advised Central Banks,Regulators and their senior management on a wide range of supervisory andenforcement [email protected] / [email protected]
Fintech Ireland- What Is It? Fintech Ireland formally established in August
2014 (existed earlier as an informal group)
The idea behind Fintech Ireland is to help putIreland on the global fintech map
A core foundation was, and remains, to help localfintech firms understand and navigate theregulatory requirements in Ireland and forentrepreneurs looking to expand overseas, tohelp them with international introductions
We connect fintech firms with those looking toinvest in them, we introduce them to mentorsand potential business partners too.
No fees charged for events Not a subscription membership base Independent and impartial Highly effective A fintech community enabler and supporter We can host informative events because of
the generosity and goodwill of our sponsors@ulsterbank / @solarflare10g / @voxprogroup
To continue our work to ensure that Irelandbecomes and remains a global fintech hub
Ireland has a fantastic entrepreneurial community.
We are looking forward to more involvement withMinisters, Government Departments, Regulators andIndustry so that innovation will continue to flourish.
No person can be an island unto themselves. For thatreason we travel (at our own expense) to Europe, Asia,the US and other global centres to develop closerinternational fintech ties with Ireland.
Marked step up from 2015, which was the yearwhere we played a very active and leading role inhelping improve the efficiency and effectivenessof the fintech authorisation regime in Ireland
Raised the profile of Fintech Ireland (and Fintechin Ireland) locally and internationally
Involved in host or collaborating in more 20events in Ireland and overseas
Fintech Ireland- 2017 (1/2) Acknowledge the negative consequences of a
hard Brexit on Ireland
Mobilising a group of talented people topromote Ireland as the international home ofboth regulated and unregulated fintech Being independent means being able to call
out and address blockages in the fintechregime to ensure the right thing is done There will be more events in 2017
◦ the challenge is fitting them all in the one year!
“Just last week, Innovate Financereleased figures showing UK VCinvestment for fintech firmsdecreased by 26% in Q3 2016 to$532 million and is approximatelyhalf of the total 2015 investmentof $1.1 billion”
EU Parliament – Fintech Report “Fintech is a big new part of our financial
services industry in Ireland. We need tobe prepared for what comes out of theEU in terms of regulation. Dublin has ahuge amount of expertise in the Fintechsector and has adapted well to the rise ofFintech as a global trend.
“The potential for further developmentof the sector in Ireland is enormous.Globally, Fintech investment more thantripled to about 12 billion US dollars in2014 and this has almost doubled in2015.
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Brian Hayes MEP confirmed to lead negotiations for the EuropeanPeople’s Party in the European Parliament on a report on Fintech
Fintech can also help markets becomemore competitive by enabling newfirms to enter a market and competewith existing firms in a viable way.
However new innovations bring newrisks for consumers and new challengesfor supervisory authorities and it isimportant that supervisory authoritiesremain focussed on their coreresponsibilities for consumer protectionwhile recognising the potential benefitsfor consumers Director of Consumer Protection, Central
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