A €3m partnership between UCC and financial services firm Fexco will see major research conducted on emerging financial technologies, or fintech. According to the Central Bank, fintech is technology to deliver financial services and products to consumers, such as opening online accounts without having to visit a bank. Fexco said the research team will be co-located between its Kerry headquarters and UCC. In July last year, Fexco said it would recruit 175 additional staff to expand its research, development and information technology capabilities. Finance Minister Paschal Donohoe, who launched the project, said: "Technology is significantly transforming and disrupting the financial services ecosystem.

Source: Irish Examiner April 12, 2019 15:11 UTC