Ireland is working to bolster their claims to be a destination for financial services firms and fintech startups by embracing digital identity technology; part of a 2010 law allows for electronic verification of an individuals identity and with the advent of innovative technology Ireland is now ahead of other EU countries; the promotion of digital identity can not only help make financial services more efficient but it can also cut down on fraud or money laundering; with Brexit making fintech firms and banks nervous Ireland is looking to provide an innovative environment for all to thrive. Source.
