NEWS: B-Hive and the Fintech & Payments Association of Ireland sign MoU to Collaborate & Mutually Share Knowledge

B-Hive and the Fintech & Payments Association of Ireland (FPAI) have signed a Memorandum of Understanding that will allow them to collaborate and cooperate through areas of mutual interest.

The MoU was signed on the occasion of a recent event in Brussels titled, “Shaping the European Fintech Ecosystem - EU Action & Irish Experience,” which was organized jointly by FPAI and Banking & Payments Federation Ireland (BPFI), and attended by a large number of policymakers and various other stakeholders. The FPAI is pleased to deepen European-level engagement, especially at a time when discussions on the digitalization of financial services are intensifying. In this regard, we were also delighted to hold introductory meetings with the European Commission’s Fintech Taskforce and other key representatives in the EU institutions and look forward to working to ensure Ireland and Europe reach their full potential in relation to fintech.

The states that both hubs mutually agree on the expediency of further cooperation in several areas, including a mutual exchange of trends, research and more.

Collaborating with FPAI is the next step in strengthening our relationship with Ireland. As it has become one of the most crucial technology hubs in Europe, with several innovation initiatives and partnerships emerging, it was natural for B-Hive and FPAI to agree upon further collaboration.

B-Hive is very proud to become part of the community. We will continue building on this and set up even more international business missions to the region to get the interaction open and active this year through our Roadshow.

One of those missions is to the Innovate Finance Global Summit 2018 on March 19-20 in London. B-Hive is proud to jointly participate with Flanders Investment and Trade at their stand during IFGS 2018. We have five free tickets available for members to join us for those interested in expanding to the UK. Get in touch if you are interested.

This MoU will further strengthen both of the hubs’ networks, knowledge pool and innovation endeavors—we greatly look forward to working together.

Fabian Vandenreydt, Executive Chairman of B-Hive, said, "As B-Hive aims to work directly with European organizations in order to make the region stronger together, we are pleased with the signing of this MoU alongside FPAI, and we greatly look forward to working together on extending not only our knowledge sharing, but also our network through mutual collaboration.

Michael Concannon, Head of Strategy and Development for FPAI, said, ”We are delighted to formally engage with B-Hive as we grow our European presence and look forward to strengthening our collective knowledge pool, network and innovative endeavors.”

About the Fintech and Payments Association of Ireland

The Fintech and Payments Association of Ireland (FPAI) is a not-for-profit organization established to further the interests of the stakeholders in the Irish fintech ecosystem who comprise its members. In January 2018, the FPAI became an affiliate member of the Banking & Payments Federation Ireland. The FPAI is an inclusive association which welcomes participation and engagement from all organizations with an interest in the Irish fintech ecosystem. Its primary aim is to unlock the value of community in helping to foster an environment in which both indigenous and multinational fintech companies can thrive and get the very best from locating and doing business in Ireland.