Home Policy & Governance Ireland hosts public sector fintech pioneers in Dublin for third ‘Lab’

Ireland hosts public sector fintech pioneers in Dublin for third ‘Lab’

Global Government Fintech Lab 2024: the one-day event, being held in Dublin for the second successive year, attracted an international array of speakers and participants | Credit: Deirdre Brennan for Global Government Fintech

Public sector fintech experts from nations including Austria, Bermuda, Denmark, India, Italy, Latvia, Slovenia, Spain and the UK gathered in Dublin today (25 April) for the Global Government Fintech Lab 2024.

The Lab is a one-day gathering for public servants and fintech suppliers interested in exploring the possibilities of technology to transform their public sector operations and the services they deliver.

Ireland’s minister of state with responsibility for financial services, Neale Richmond, kicked off the day with a keynote speech highlighting the European Union (EU) member state’s commitment to encouraging financial services and digital finance.

Richmond was appointed to his role just a couple of weeks ago, making the Global Government Fintech Lab his first formal public remarks on the topic of fintech.

“It is clear that the wider digital transition we are experiencing will continue to gather pace. While this provides significant opportunities for the private sector, I believe that it’s also true in the public sector,” Richmond told the audience at the event, which was held at Dublin Castle’s Printworks venue. “We in government are absolutely committed to making the most of the potential that digital finance has to offer.”

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‘Fantastic first-hand insight’

The Lab was taking place for the third time after the inaugural event in Estonia in 2022 and the 2023 event, which was also held in Dublin.

The event, organised in partnership with Ireland’s Department of Finance, featured panel discussions and breakout sessions focused on fintech-related opportunities and challenges for those working in central government, agencies and other public authorities. It also included plenty of opportunities for networking, reflecting our spirit of sharing knowledge across borders.

Three panel discussions – ‘Governments and fintech: on the right path?’, Governments and the future of finance and Financial regulators and innovative technology: on the right path? – were held during the morning, plus a short session titled ‘Regulatory check-in: Keeping track of European Union (EU) fintech regulation – and what’s next?’.

Sessions followed in the afternoon on ‘Public sector financial innovation through payments technology’ and ‘Fighting financial fraud with technology’, as well as a fireside chat on ‘Public sector finance – shared service innovation’ with Ireland’s National Shared Services Office chief executive Bernie Kelly.

“Engagement with innovative financial technology in the public sector is an emerging and exciting agenda. The breadth of discussions today, like with our first two Labs, provided fantastic first-hand insight – from the coalface – on how different countries and authorities are approaching the opportunities and challenges. It’s been wonderful to welcome so many new speakers and participants from across Europe and beyond, as well as to see again people who we brought together for the first two Labs,” said Global Government Fintech editor Ian Hall.

Panel session reports are already in production and you can also review the event, which was supported by knowledge partners Microsoft and ClearBank, by searching on hashtag #GGFintechLab on Global Government Fintech’s X (Twitter) account. Further information can also be found on the Global Government Fintech Lab webpage.