FT provides an interesting profile of Ireland's rapidly growing fintech scene (including TransferMate, Plynk, and most famously, Stripe). FT concludes the massive growth is due to the country's emergence as a hub for technology titans such as Google and FB, as well as large banks - developing large numbers of local fintech talent.
“The fintech ecosystem in Ireland is very varied,” says Mr Dowd. “You have branches of multinationals like PayPal, Stripe . . . They bring a talent pool and skills to the market." Four years ago, Deutsche Bank established a new data analytics laboratory at Silicon Docks, which it calls “the Hive” because of the unit’s yellow floors. The lab, which now employs 120 data scientists and analysts, serves the global operations of Germany’s biggest bank. Sheamus Causer, head of strategy and innovation for Deutsche Bank in Ireland, says the country’s rich pool of fintech talent was a big factor in its decision. “You have only got to look at the born-on-the-internet companies that are here — from Google to Facebook — and you realise that this country has a natural environment and ecosystem.”