Naoise Ó Cearúil (Kildare North, Fianna Fail)
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63. To ask the Minister for Finance if he will provide the expected timeline for establishing a national fintech hub, to foster innovation and support fintech initiatives; and if he will make a statement on the matter. [27777/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Programme for Government includes a commitment to collaborate with industry, in exploring the establishment of a National Fintech Hub with the aim of fostering innovation and supporting fintech initiatives. Department of Finance officials are carrying out research and continue to engage with industry in exploring the possibilities for a National Fintech Hub.

The work underway is an extension of the Ireland for Finance Action Plan for 2024 which included an action measure for Government and industry to collaborate to explore the costs, merits, and feasibility of establishing a new National Fintech Hub. Ireland for Finance is a whole-of-Government strategy for the development of the international financial services sector in Ireland, which runs to 2026. In line with Programme for Government commitments, the Department of Finance has commenced work on a new Ireland for Finance Strategy which will include a public consultation.

This work on a National Fintech Hub will be undertaken in parallel with work ongoing in the Department of Enterprise, Tourism and Employment on the Programme for Government commitment to consider the development of a ‘national start-up hub’.