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Minister tells British and Irish financial services sector to strengthen ties

Written by Robert McHugh, on 19th Nov 2018. Posted in General

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Over 80 senior executives representing financial services and technology companies from Ireland and the UK, gathered in the Irish Embassy in London last week for Enterprise Ireland’s 13th annual financial services dinner.

The event is a platform to strengthen and deepen business relationships between the Irish financial services industry and some of the UK’s leading financial institutions.

Michael D’Arcy TD, Minister for Financial Services and Insurance addressed the event, focusing on the importance of strengthening ties between both nations and to promote Ireland’s IFS2020 strategy.

Addressing the event, Minister D’Arcy said, "The Government recognises the significant opportunities for Ireland in fintech and financial services. The UK, and London in particular, will remain a significant global hub for the sector. Our long track record in both technology and financial services means Irish companies are offering compelling solutions for customers in the UK and beyond. Driving continuous innovation and research in the international financial services industry is a key priority for my Government."

Director Global Business Development at Enterprise Ireland, Kevin Sherry added, "Ireland’s strong international reputation as a source of financial services and fintech innovation has led to Irish companies in this domain becoming global leaders. Winning business at an unprecedented rate, Enterprise Ireland clients in this sector generated exports of almost €700 million last year, up 11% on 2016 and experienced growth in the UK at 8%. Despite the challenges of Brexit, our clients’ business relationships with their UK partners is, and will remain hugely important."

Source: www.businessworld.ie

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