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Monday, 12th October 2020

M1 Payments Corridor re-branded ‘The Fintech Corridor’ to reflect wider scope

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“CONNECTING EU & UK FINTECH”

In a move that could have far-reaching significance locally, the M1 Payments Corridor, a concept developed and nurtured at the Mill Enterprise Hub, has been re-branded ‘The Fintech Corridor’ (TFC) to reflect a wider sectoral and cross-border remit.

The newly-appointed Programme Manager of TFC, Hilary Moran, said: With both Dublin and Belfast named as ‘Tech Cities of the Future’, the island of Ireland is uniquely positioned to capitalise on and continue to grow it’s fintech credentials, we believe this will bring tremendous opportunities for Drogheda, Louth and the wider region.”

The Fintech Corridor covers the geographical region between Dublin to Belfast. With many well established fintech organisations and enterprise hubs already operating in the region, the area provides start-ups and SMEs with an attractive and accessible location from which to grow across the UK, Ireland and into Europe.

Speaking about its vision, Peter Rowan, Executive Vice President of Drogheda-based Yapstone, who has been appointed Chairperson of TC said,

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“The Fintech Corridor initiative builds on the already established e-commerce and technology prowess along the M1 between Dublin and Belfast. By forming The Fintech Corridor, we can create an innovative and collaborative network of existing and new start-up enterprises, nurturing their ambitions with advice, support and growth opportunities.

“From my experience with Yapstone, I know first-hand the economic and business benefits of being located in the Fintech Corridor. We selected the region as home to our international headquarters because of the tremendous support we’ve received from IDA Ireland, local businesses and other government sponsored organisations. 

“The main benefit of being based in the region is access to a diverse and rich talent pool which enjoys a superior quality of life, something which in turn drives enhanced productivity within the company. About 50 per cent of the current staff are from the region or they live only 15 to 20 minutes from the office.”  

Welcoming the initiative, InterTradeIreland’s Designated Officer, Aidan Gough, added “This cross-border cluster will bring together key stakeholders with different expertise and market knowledge to create new businesses, jobs and develop skills. Businesses that join the Fintech Corridor will have the opportunity to get support and advice from industry forerunners while also working with academics to problem solve and innovate. It’s an exciting initiative and we’re delighted to lend our support along with other expert partner agencies.”

James Boyle, North East Regional Development Manager, IDA Ireland said “The North East region is home to leading multinational companies looking for room to grow. As sourcing talent for FinTech becomes increasingly competitive in the Dublin region, the North East offers employers and employees an attractive alternative.  IDA Ireland is pleased to be involved in this opportunity to collaborate with local stakeholders to explore opportunities for investment, job creation and ultimately the long-term development of the region.”

The Fintech Corridor is supported by a Brand Ambassador group made up of experienced fintech companies including Vesta, PayPal, State Street, Aphix, YapStone, Coca-Cola International Services, Fscom, TechNation, Digital DNA, AWS and the Fintech & Payments Association of Ireland (FPAI). The group also includes representatives from Invest NI, IDA Ireland, Enterprise Ireland, InterTradeIreland, the Louth Economic Forum and Louth County Council.  Several universities have joined the grouping including Dublin City University, Dundalk Institute of Technology, Queen’s University Belfast and Ulster University who will provide R&D partnership opportunities to members of the Fintech Corridor.

TFC are offering FREE membership for a limited time. (Sep 2020-Sep 2021) please click the link below to view the benefits and gain exclusive and unlimited access to TFC’s network http://thefintechcorridor.com/become-a-member/

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