‘Defensive’ attitude of Central Bank putting off fintech investors | Business Post

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‘Defensive’ attitude of Central Bank putting off fintech investors – ChasTaylor reports.

The Central Bank of Ireland is perceived as being out of touch and too slow to authorise companies, with fintechs in particular finding it difficult to deal with. Picture: Fergal Phillips

Fintechs seeking authorisation to operate in Europe are increasingly seeing Ireland as an unfriendly environment with the Central Bank of Ireland perceived as being out of touch and too slow to authorise companies, a number of leading experts have warned., Peter Oakes, a former Central Bank enforcement director and founder of Fintech Ireland, an industry group, said some companies which had sought authorisation through the Irish regulator had found it...

 

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