Fintechs Warn Central Bank Over Cost of Operating in Ireland

Major fintechs have expressed concerns about the cost of operating in Ireland's trading environment and have called on the Central Bank to relax parts of its new 'sandbox' for financial technology firms.

Major fintechs have expressed concerns about the cost of operating in Ireland 's trading environment and have called on the Central Bank to relax parts of its new 'sandbox' for financial technology firms. The Fintech and Payments Association of Ireland (FPAI), representing companies such as Amazon, Revolut, and Stripe, submitted a letter stating that the cost of the regulatory hub hosted by the bank could be 'prohibitive'.

While the group supports the idea of the sandbox, they believe that changes are needed to address concerns over cost and cooperation between companies and the bank

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Fintech Central Bank Ireland Sandbox Cost Cooperation

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