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Komfie Manalo, Opalesque Asia:

Ireland has a lot to offer in terms of innovation on the technology side, claimed Kieran Fox, business development director at Irish Funds during the latest Opalesque 2017 Ireland Roundtable.

Fox said that looking around Dublin and the available infrastructure in the region, people would notice that many global technology companies have their European headquarters here, with thousands of staff.

"This is in addition to the many financial services companies that have set up their European FinTech or innovation hubs here," Fox said and added, "There is a real coming together on the technology and the international financial services side."

He explained that one of the things that Irish Funds did earlier this year at an industry level, particularly with the firm's FinTech Working Group and Regulatory Reporting Working Group in cooperation with five of six companies - one of which has a European blockchain headquarters in Dublin - was to was to produce a proof of concept using blockchain technology for regulatory reporting to the Central bank.

That particular project took about 12 weeks from start to finish with the industry companies and the experts in the blockchain lab to build the product.

"We were able to successfully put the reports on a blockchain and run live demos. That's a really good ......................

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