Tag: #fintech

Revolut amps up fight against impersonation scams

Revolut, the global fintech with more than 65 million global customers and 12 million in the UK, is today launching a new in-app feature designed to protect users from one of the most insidious types of fraud: impersonation scams. The new feature detects when a customer opening the Revolut app is on the phone – this includes apps allowing voice calls – and confirms whether they are, or not, talking with a Revolut agent. It goes one step further than similar features in the market, helping customers promptly take the right action to report attempted fraud and keep their funds safe if it is found they’re being targeted.

With the rise of AI-generated deepfake voices and increasingly sophisticated social-engineering tactics, criminals are finding new ways to convince consumers they are speaking to their bank or somebody they trust. Impersonation scams trick victims into believing they’re on a legitimate call with a trusted financial institution or person – often pressuring them to move money to safer accounts, to share sensitive data, or to approve fraudulent transactions.

This threat is accelerating rapidly. Scammers can now generate highly convincing scripts and even synthetic voice mimics. Concerningly, A 2021 study found that only 25% of people can accurately distinguish a deepfake voice from a real one – however, most participants falsely believed they could identify the fakes. This leaves people vulnerable to scams – only adding to the surge of APP (Authorised Push Payment) fraud.

Empowering users with timely, actionable protection

Revolut’s new feature introduces a live in-app banner that appears the moment the app detects the user is on a phone call. The system identifies whether the call is coming from Revolut or from another number and advises accordingly:

  • If the caller is Revolut, the banner will confirm that the call is legit
  • If the caller is not Revolut, the user will see a clear, urgent banner informing them that they are not on a call with Revolut
  • Tapping the banner leads users to actionable protection pathways based on what’s happening.

This real-time contextual system provides an additional layer of defence against impersonation attempts that occur during live calls – a scenario where victims can be caught off guard and vulnerable under pressure.

Rami Kalai, Product Owner at Revolut said: “Revolut is committed to building a safer financial future. As fraudsters adopt AI and advanced deepfake tools, we need to innovate fast to defend our customers and stay ahead of rapidly evolving fraud threats. This new feature not only gives users real-time, contextual warnings in the moment they need them most but also guides them to identify impersonation scams providing clear, actionable steps to keep their money safe while the fraud attempt is happening.”

A broader strategy to protect customers

This launch builds on a suite of recent features introduced by Revolut to protect customers from scams and unauthorised activity. In 2024 alone, Revolut’s advanced fraud-prevention systems saved customers more than £600 million that would have otherwise been lost to scams. Recent releases include:

  • In-App Calls – allowing customers to speak to Revolut directly and securely via the in-app feature, eliminating the need to trust phone numbers received externally in the vast majority of cases.
  • Wealth Protection and Street Mode – features designed to keep transfers safe through biometric verification and delay them, in the case of Street Mode, to contrast specific events like transfer mugging.
  • Enhanced machine-learning systems that detect and block risky transactions before they leave a customer’s account.

The new feature is already active for all Revolut customers with an iOS device. Android users will need to proactively authorise the feature from the Security Hub.

Disclaimer

This feature is optional for Android users and does not guarantee complete protection

How Irish Tech Startups Are Scaling Globally in 2026

Ireland’s startup ecosystem is experiencing its most explosive growth period yet. With over 2,200 tech startups employing approximately 55,000 people and the government committing €1.5 billion from the National Training Fund for digital skills development, 2026 is shaping up to be a breakout year for Irish innovation. From AI-driven fintech to medtech exports, Irish companies are making their mark on the global stage, but success in international markets comes with one persistent challenge: multilingual content localization.

For Irish tech founders preparing to pitch in Paris, launch e-commerce platforms across Europe, or scale SaaS products to Asia, the localization bottleneck remains real. Pitch decks, product pages, investor emails, and technical documentation all need fast, high-quality translations that won’t delay go-to-market timelines or compromise message clarity. And when no one on the team speaks the target language fluently, trust in AI translation output becomes a critical concern.

Ireland’s Tech Boom: The Numbers Behind the Growth

The Irish tech sector’s momentum in 2026 is nothing short of remarkable. The industry now contributes over €48 billion to Ireland’s economy, with AI alone projected to add €250 billion by 2035. Dublin’s “Silicon Docks” hosts tech giants like Google, Microsoft, and Facebook, but it’s the indigenous startups that are making headlines.

In 2024, Irish tech companies raised €400 million across various sectors, with cybersecurity leading at €101 million, fintech at €75 million, and travel-tech at €61 million. Tines became Ireland’s second unicorn of 2025 after raising $125 million in a Series C round, while companies like Wayflyer achieved unicorn status with a valuation of $1.6 billion.

According to Deloitte’s Technology Fast 500 list, 20 Irish companies featured among Europe, the Middle East, and Africa’s fastest-growing tech firms, with companies like Wayflyer and Fibrus achieving growth rates exceeding 3,000% over four years. This explosive growth reflects not just local success but global ambition, and that ambition increasingly means navigating multilingual markets.

Why Do Irish Startups Need Multilingual Content Localization?

As Irish companies expand beyond English-speaking markets into France, Germany, Spain, and beyond, they face a fundamental truth: 76% of consumers prefer to buy products with information in their native language. More striking still, nearly 60% of consumers rarely or never purchase from websites available only in English, a trend noted in a Tomedes blog article.

The localization challenge isn’t just about translation, it’s about trust, compliance, and speed to market. A poorly localized pitch deck can cost a Dublin fintech its Paris funding round. A mistranslated product description can damage a Cork e-commerce brand’s reputation in Munich. And for startups racing against well-funded competitors, every day spent on translation delays is a day lost.

The Traditional Translation Bottleneck

Historically, Irish startups expanding to Europe faced several localization pain points:

  • Time constraints: Traditional translation agencies often require weeks for turnaround, delaying product launches and investor meetings
  • Cost barriers: Professional human translation for multiple languages can drain early-stage budgets, with costs reaching thousands of euros per project
  • Quality concerns: While machine translation has improved dramatically, founders worry about accuracy in critical documents like legal contracts, investor materials, and technical specifications
  • Internal expertise gaps: Most Irish startup teams lack native speakers for target languages, making quality assessment difficult

According to research on startup localization challenges, companies that delay localization often face steeper barriers later, it can take nearly two years to retrofit systems built with single-language assumptions.

How Are Irish Startups Overcoming Localization Barriers?

The translation technology landscape has evolved dramatically. The global machine translation market was valued at USD 1.12 billion in 2025 and is expected to reach USD 2 billion by 2030, growing at a CAGR of 12.30%. Neural machine translation now holds nearly 49% market share, thanks to a transformer-based architecture that delivers contextually accurate results.

But raw AI translation alone isn’t enough. Startups need confidence that their translated content is accurate, especially when dealing with high-stakes materials like investor decks, regulatory documents, and product specifications.

This is where consensus-based translation platforms like MachineTranslation.com are changing the game. Their SMART feature represents a breakthrough in translation confidence for non-linguist teams.

What Makes SMART Different?

Unlike traditional approaches that force users to choose between multiple AI translation engines, SMART automatically aggregates outputs from leading translation engines and selects the most agreed-upon translation for each sentence. Think of it as a “wisdom of the crowds” approach to AI translation, when multiple advanced AI systems agree on a translation, confidence in accuracy increases dramatically.

For Irish startups, this means:

  • Faster decision-making: No more manually comparing outputs from Google Translate, DeepL, and Microsoft Translator
  • Higher confidence: When multiple AI engines agree, teams can trust the output without extensive post-editing
  • Reduced review cycles: Non-linguist team members can approve translations faster, accelerating time-to-market
  • Cost efficiency: Less time spent on review means lower localization costs overall

Real-World Use Case: Localizing a Fintech Pitch for French Investors

Consider a Cork-based fintech startup preparing to pitch to venture capital firms in Paris. The founders have built an impressive product, secured early traction in Ireland and the UK, and identified French VCs as their next funding target. But they’re facing a tight timeline, their Series A pitch meeting is in two weeks.

They need to translate:

  • A 20-slide pitch deck with financial projections and market analysis
  • A 10-page executive summary
  • Product demonstration scripts
  • Email correspondence with potential investors

The Old Approach: 

Hire a translation agency, wait 5-7 business days, pay €2,000-3,000 for professional translation, then hope the French investors don’t notice any cultural nuances that feel “off.”

The 2026 Approach with SMART: 

Upload documents to MachineTranslation.com, select English → French AI translation, and let SMART aggregate translations from multiple neural engines. Within hours, the team has high-confidence translations for review. Because SMART surfaces consensus translations, the founders can identify which sections multiple AI engines agree on (high confidence) and which might need human review (lower consensus).

Result: 

The pitch deck is ready in 24 hours, the team saves €2,500, and they have time to rehearse their presentation instead of waiting on translations. More importantly, the SMART-powered translations capture financial terminology accurately because multiple specialized AI engines have validated the output.

Scaling Product Pages Across Six European Languages

For e-commerce startups, the localization challenge multiplies with every market entry. An Irish direct-to-consumer brand launching across Europe might need product descriptions in French, German, Spanish, Dutch, Polish, and Italian—potentially thousands of SKUs across multiple languages.

The E-Commerce Localization Challenge

Traditional approaches force startups to choose between:

  • Speed: Use raw machine translation and risk awkward phrasing that hurts conversion rates
  • Quality: Pay for professional translation and blow the marketing budget before the campaign launches
  • Scale: Pick only 1-2 languages instead of fully localizing for all target markets

This compromise leaves money on the table. Research shows that localized content can increase engagement by up to 2,500%, making proper localization a competitive advantage, not just a nice-to-have.

The SMART Solution for E-Commerce

With over 100,000 language pair combinations available on advanced translation platforms, Irish e-commerce brands can now automate product localization at scale. But automation without confidence creates risk—a mistranslated size chart or ingredient list can trigger customer complaints or regulatory issues.

SMART addresses this by:

  1. Processing high volumes quickly: Translate 1,000 product descriptions across 6 languages in hours, not weeks
  2. Flagging uncertainty: When AI engines disagree significantly on a translation, SMART alerts the team to review that specific content
  3. Maintaining consistency: Glossary management ensures brand terms and product names stay consistent across all languages
  4. Reducing post-editing: Because SMART surfaces consensus translations, human reviewers focus only on edge cases rather than validating every sentence

For a growing e-commerce startup, this means launching in Madrid, Milan, and Munich simultaneously instead of rolling out markets sequentially—compressing internationalization timelines from 18 months to 6 months.

Why Consensus Translation Matters in 2026

The fundamental shift in 2026 is this: AI translation is no longer about choosing the “best” engine. It’s about leveraging multiple AI systems to build confidence through consensus.

The Trust Gap in AI Translation

Despite massive improvements in neural machine translation, non-linguist teams still face a trust gap. When a Dublin SaaS founder reviews a German translation of their product documentation, they’re asking:

  • Is this technically accurate?
  • Does it sound natural to native speakers?
  • Will it damage our brand if we ship this?

Without native German speakers on the team, answering these questions traditionally meant:

  • Hiring expensive consultants for spot-checks
  • Sending translations to freelance reviewers and waiting days
  • Simply hoping the AI got it right and dealing with problems later

SMART fills this gap by making AI consensus visible. When 4 out of 5 leading translation engines agree on how to translate a complex technical sentence, confidence increases. When engines disagree, the system flags that sentence for human review.

Beyond Translation: The Broader Localization Context

While translation quality is critical, it’s just one piece of the localization puzzle. Irish startups expanding globally must also consider:

Cultural adaptation: 

Colors, imagery, and messaging that work in Dublin might not resonate in Tokyo. German B2B buyers expect different proof points than French consumers.

Regulatory compliance: 

GDPR in Europe, data privacy laws in Asia, and advertising standards vary by country. According to industry research, regulatory missteps can lead to fines that threaten early-stage companies.

Payment localization: 

Irish startups using Stripe or other payment processors need to offer local payment methods, iDEAL in the Netherlands, Bancontact in Belgium, SEPA transfers in Germany.

Customer support: 

75% of consumers prefer products available in their native language, and that extends to support channels. Translated FAQs and email templates become essential.

Tools like SMART handle the linguistic foundation, allowing startups to focus resources on these higher-level localization challenges.

How Do Irish Startups Scale Globally Today?

Beyond translation technology, Irish startups benefit from several structural advantages in 2026:

Government Support Infrastructure

  • Enterprise Ireland continues investing heavily in internationalization, with €27.6 million allocated to 157 startups for global expansion support
  • The High Potential Start-Ups (HPSU) programme provides financial incentives and market access support
  • R&D tax credits at 25% encourage continued innovation investment

Strategic Geographic Positioning

Ireland’s location between the US and Europe, combined with its status as the only English-speaking EU member state post-Brexit, makes it an ideal launchpad for European expansion. According to recent insurtech data, 28% of Irish tech firms already report sales into the UK, 15% into Europe, and 14% into the US.

Access to Talent and Capital

The €1.5 billion National Training Fund investment is producing skilled tech talent, while venture capital investment in Ireland surged to $668 million in Q1 2025, up from just $34 million in Q1 2024.

What Types of Content Benefit Most from SMART Translation?

Not all content requires the same translation approach. SMART delivers maximum value for content types where accuracy is critical but full human translation would be cost-prohibitive:

Investor Materials

Pitch decks, executive summaries, and financial projections require precision. A mistranslated revenue projection or market size estimate can undermine investor confidence. SMART’s consensus approach ensures financial terminology and metrics are translated consistently across documents.

Internal Documentation

As Irish startups hire internationally, internal wiki pages, onboarding materials, and process documentation need translation. SMART allows companies to maintain multilingual documentation without dedicated translation budgets.

Legal and Compliance Documents

While final legal contracts should always involve professional legal translators, early drafts, NDA templates, and compliance checklists benefit from high-confidence AI translation. SMART flags legally complex sentences where terminology consensus is low, directing legal review where it matters most.

Product Copy and Marketing Materials

Product descriptions, feature lists, and marketing emails need to be both accurate and persuasive. SMART helps marketing teams localize content quickly while maintaining brand voice consistency through glossary management.

Technical Documentation

API documentation, user guides, and technical specifications contain domain-specific terminology. When multiple AI engines trained on technical corpora agree on translations, development teams can confidently publish localized documentation.

How Does Machine Translation Quality Compare in 2026?

The quality gap between human and machine translation has narrowed dramatically. Neural machine translation models now achieve BLEU scores (a standard quality metric) that approach human parity for common language pairs like English↔French and English↔German.

However, challenges remain for:

  • Low-resource languages: Irish Gaelic, Icelandic, and other smaller languages still benefit from human expertise
  • Creative content: Marketing slogans, brand messaging, and culturally nuanced copy often require transcreation, not just translation
  • Highly regulated content: Pharmaceutical documentation, medical device manuals, and legal contracts still demand human translation and legal review

For the majority of business content, product descriptions, internal communications, investor materials, and technical documentation, AI translation with consensus validation (like SMART) delivers sufficient quality for international operations.

What Challenges Remain for Irish Startups Scaling Globally?

Despite improved translation technology and strong government support, Irish startups still face scaling challenges:

Talent Competition

Dublin’s tech scene faces stiff competition from multinational corporations offering higher salaries. As noted in recent industry analysis, companies like Google, Meta, and Microsoft often poach talent from startups.

Funding Valley

While seed funding is accessible through Enterprise Ireland and local VCs, Series A and B funding remains challenging. Many promising Irish companies stall at the growth stage due to limited growth-focused investment.

Infrastructure Costs

Despite cloud computing reducing hardware expenses, operational costs in Dublin remain high. Startups increasingly establish remote teams or satellite offices in Cork, Galway, and Limerick to manage costs.

Market Understanding

Beyond language, Irish founders must understand local business practices, purchasing behaviors, and competitive dynamics in target markets. A SaaS startup that succeeds in Ireland might need to completely restructure its go-to-market strategy for Germany’s enterprise market.

The Future of Irish Tech Expansion

Looking ahead, several trends will shape how Irish startups scale globally:

AI-First Localization

The AI translation market is projected to reach $4.50 billion by 2033 at a 16.5% CAGR. This growth reflects increasing AI sophistication and startup adoption. Tools like SMART represent the first wave, consensus-based validation. Future iterations will incorporate:

  • Real-time translation for video content and customer support
  • Context-aware translation that understands company-specific terminology
  • Automated cultural adaptation suggestions beyond pure language translation

Hybrid Work and Global Teams

Irish startups increasingly hire globally from day one. A Dublin founder might have developers in Poland, customer success in Spain, and sales in Germany. This necessitates robust multilingual communication infrastructure—not just for customer-facing content but for internal operations.

Regulatory Complexity

As the EU tightens data privacy, AI governance, and digital services regulations, Irish startups must navigate compliance across multiple jurisdictions. Translation of legal documents, privacy policies, and compliance materials will become more critical and more complex.

Vertical-Specific Solutions

Rather than competing as horizontal platforms, successful Irish startups are increasingly focusing on vertical markets, fintech, healthcare, energy management, and cybersecurity. This specialization extends to localization, where domain-specific translation quality matters more than broad language coverage.

Key Takeaways for Irish Founders

As one tech lead at a Dublin-based SaaS startup noted: “Tools like SMART help us scale without a localization team. We don’t just save time—we finally trust what we ship.”

For Irish startups planning international expansion in 2026 and beyond:

Start early: 

Localization isn’t a late-stage problem. Building internationalization into your product architecture from day one prevents costly retrofitting later.

Leverage technology: 

Tools like MachineTranslation.com’s SMART feature deliver professional-grade translation quality without professional-grade costs. Use AI translation for the bulk of content, reserving human expertise for creative and legally critical materials.

Focus on priority markets: 

Don’t try to launch in 10 countries simultaneously. Identify 2-3 key markets, localize thoroughly, learn from initial customers, then expand. Quality localization in fewer markets beats superficial translation in many.

Measure localization ROI: 

Track conversion rates, support ticket volume, and customer acquisition costs by language. Data-driven localization decisions beat gut instinct.

Build partnerships: 

Connect with local advisors, marketing agencies, and customer success managers in target markets. Language translation is necessary but not sufficient, cultural understanding drives success.

The barriers to global expansion for Irish startups have never been lower. With Ireland’s startup ecosystem ranking 9th in Western Europe and 16th globally, strong government support, and AI-powered localization tools, 2026 represents a breakthrough year for Irish tech companies ready to scale beyond English-speaking markets.

As the global machine translation market continues its rapid growth trajectory, and as platforms like MachineTranslation.com evolve their consensus-based approaches, the translation bottleneck that once slowed international expansion is becoming a manageable workflow step rather than a strategic barrier.

For Irish founders, the message is clear: the technology, funding, and market conditions are aligned. The time to scale globally is now, and the localization tools to do it efficiently finally exist.

 

Want to explore how AI is transforming other areas of Irish tech? Check out our coverage of how AI is revolutionizing the financial industry and discover Ireland’s top emerging tech startups in 2025.

What’s Next for Game Monetisation in Ireland?

Ireland’s gaming scene has grown into something far bigger than casual entertainment. It is now a fast-moving mix of creativity, technology, and finance, and it is still expanding. From indie studios in Galway to global publishers with Dublin offices, the country’s footprint in the industry keeps getting stronger. But with growth comes a new challenge: how do you make money from games in ways that keep players engaged and coming back? The future of monetisation here is not just about revenue; it is about building systems that feel seamless, smart, and worth investing in.

From One-Off Purchases to Ongoing Revenue

The way games make money has completely changed in the past decade. Buying a title once and playing it for years has given way to microtransactions, subscription models, and in-game purchases that keep evolving with the game itself.

Ireland has followed the global shift to digital platforms and seamless payments, but with a stronger emphasis on trust and transparency. As iGaming continues to evolve, titles that could be found on exclusive Inclave casinos by pokerscout.com show how integrated gameplay, community features, and built-in payment options can create engaging, repeatable experiences across thousands of games where players can also enjoy exciting bonuses. The same as major releases like Fortnite, where in-game economies, events, and microtransactions are now central to how players interact with the game itself. These examples show how the future of monetisation will revolve around ecosystems that blend play, connection, and payment into something players want to keep returning to.

Clearer Rules, More Confidence

Game-related monetisation in Ireland is entering a new phase, with clearer boundaries emerging around areas like loot boxes, virtual currencies, and skill-based competitions, all while leaving room for creativity and new ideas. This shift is creating a more stable environment for studios to test different models without second-guessing how they will land. 

For players, it means more consistent, transparent experiences and greater confidence in how games are structured and paid for. That balance between innovation and clarity will be what pushes Ireland forward as one of Europe’s most dynamic gaming markets, building an industry where fresh ideas can thrive and audiences feel valued.

New Monetisation Models Taking Shape

Subscription-based access is on the rise, with services like Game Pass and PlayStation Plus proving that players value choice and flexibility. Blockchain and digital wallets are also opening up new ways to manage in-game assets, and while NFTs themselves have cooled off, the technology behind them still holds a lot of potential.

Skill-based competitions and real-money tournaments are growing too, especially among Ireland’s tech-savvy audiences. In every case, trust and usability are what drive spending, and platforms like Inclave are already showing how that combination works in practice.

Where Gaming and Fintech Meet

Ireland’s strength as a tech and fintech hub gives it a serious edge. The same systems that are driving modern finance are fuelling the next generation of gaming. Start-ups in Dublin, Cork, and Limerick are already exploring hybrid models that blend interactive entertainment with financial technology, backed by Enterprise Ireland and EU funding. 

These projects are looking beyond traditional payment methods, exploring integrated wallets, real-time rewards, and shared-value systems that make spending feel like part of the experience rather than a barrier to it. It’s easy to imagine Ireland becoming a testing ground for new ways to pay for games, approaches that focus less on one-off purchases and more on rewarding loyalty, building communities, and keeping engagement high.

Evolving Player Expectations

Irish players are increasingly mobile-first, switching between phones, tablets, and cloud platforms rather than relying solely on consoles or PCs. That shift demands monetisation models designed for flexibility and smaller, more frequent interactions rather than big upfront costs. It also changes how games are designed in the first place, shorter sessions, seamless cross-device play, and features that work just as well on the move as they do at home are becoming essential. Payment systems are evolving too, with integrated wallets, instant purchases, and subscription-style access built to match how people now play. The focus is shifting from single, high-value sales to ongoing engagement that fits naturally into daily life.

There is a growing expectation for clarity and simplicity; players want transparent pricing, clear communication about what they are paying for, and rewards that feel meaningful. They are looking to be part of a game’s evolution, not just passive buyers. Data analytics, personalisation, and loyalty systems will all shape how Irish studios build deeper connections with their audiences.

Looking Ahead

The future of game monetisation in Ireland depends on the right mix of creativity, technology, and clear frameworks. Developers are pushing for the freedom to experiment, players are looking for platforms they can rely on, and the industry is steadily moving towards revenue models that feel smarter and more seamless.

With secure systems like those seen in the Inclave network already leading the way, Ireland is well-positioned to shape the next phase of gaming. Whether through subscriptions, skill-based play, or blockchain-powered systems, the Irish market is set to redefine how games are valued not just in euros, but in how much players want to be part of them.

SumUp unveils new all-in-one POS device, SumUp Terminal

Global fintech SumUp has launched SumUp Terminal, an all-in-one point of sale (POS) device that directly addresses the challenges faced by growing businesses. The device includes a card reader, POS, ordering system, and receipt printer, helping merchants manage orders, staff, inventory, and reporting in one place. This design allows staff to leave the sales counter behind, taking orders and payments directly on the shop floor or right at the table.

In May this year, SumUp surveyed Irish SMEs and found that 25.5% of Irish businesses had made no key changes to their operations beyond raising prices, despite 38% stating that the current economic climate had negatively impacted their business. This highlights a concerning trend: many Irish businesses are falling behind in adopting innovative strategies to navigate growing economic uncertainty. The SumUp Terminal is a direct response to this challenge, underscoring the company’s commitment to equipping merchants with tools tailored to today’s evolving consumer landscape.

Niall Mac an tSionnaigh, CEO of SumUp Ireland, said “At a time when many Irish businesses are feeling the pressure of rising rent, stock, and staffing costs – but are struggling to adapt – it’s clear that practical, lean and accessible tech is more important than ever. The SumUp Terminal was built to meet that need, equipping merchants of all sizes with the tools to streamline operations and stay competitive in a rapidly changing environment.”

Key features and benefits for merchants using the SumUp Terminal include its all-in-one efficiency, allowing businesses to take card payments, manage orders, speed up checkouts, and print receipts or order tickets from a single device. Designed for durability and ease of use, it features an intuitive HD touchscreen and a long-lasting battery that supports staff throughout the entire workday. The Terminal also enables smarter operations by allowing the creation of custom staff profiles with role-based permissions and providing real-time sales reports to support informed business decisions.

Irish merchants can simplify their bookkeeping by integrating popular accounting solutions such as Sage Accounting, Xero, and QuickBooks. Dual connectivity with built-in WiFi and free 4G mobile data ensures the device always connects to the strongest available network, keeping payments uninterrupted. To accelerate setup, Terminal uses its built-in camera to instantly digitise an entire product list from a single photo. This AI-driven feature means merchants can capture their handwritten or printed menu, and the device automatically creates an editable digital catalogue. This significantly reduces manual setup time, allowing merchants to then easily add descriptions, images, or new products.

“We see countless merchants hit a growth ceiling where a simple card reader is no longer enough, but a traditional POS system feels too expensive and complex,” said Tomer Sabag, Chief Hardware Officer at SumUp. “Terminal was built to be that perfect next step. It delivers the core operational power a growing business needs with the speed, ease-of-use, and affordability that are hallmarks of the SumUp ecosystem. It’s designed to help our merchants scale in an easy and seamless fashion.”

SumUp will continue to enhance Terminal with free, automatic software updates. Upcoming features include barcode scanning, table management, and the ability for multiple Terminal devices to sync and operate together in the same venue. As an integral part of the SumUp ecosystem, the Terminal will also connect and sync seamlessly with SumUp POS systems – enabling streamlined, connected operations across devices and services.

Seven Ways a Global Digital Bank Can Ease Overseas Travel for You

Traveling abroad can be an exciting adventure, whether it’s for business, leisure, or an extended stay as a digital nomad. But let’s be honest—managing money while hopping between countries isn’t always smooth sailing. From sky-high transaction fees to unexpected card declines, financial hurdles can quickly turn a dream trip into a logistical nightmare.

That’s where global digital banks prove helpful. Unlike traditional banks, which often struggle to keep up with the fast-paced world of international travel, digital banks are built for flexibility, accessibility, and cost efficiency. Then, taking this to a global scale, fintech companies like Black Banx have helped revolutionize the way travelers handle their finances, offering features like multi-currency accounts, low-cost international transactions, and enhanced security measures.

With over 35 million digital nomads worldwide as of 2024—a number expected to grow—there’s never been a greater need for seamless banking solutions. Likewise, business travel spending is projected to increase by 10.4% in 2025, shifting towards purposeful, high-impact trips. Whether you’re a remote worker, an entrepreneur, or a corporate traveler, choosing the right bank can make all the difference.

So, how exactly can a global digital bank make overseas travel easier for you? Let’s break it down.

1. Lower Fees and Cost Savings

One of the biggest financial pitfalls of international travel? Transaction fees. Traditional banks charge steep fees for international withdrawals, foreign currency transactions, and wire transfers. Over time, these costs add up and eat into your travel budget.

How Global Digital Banks Help:

 

  • Fee-Free Transfers: Black Banx offers free transfers between its accounts, making it ideal for those splitting costs with fellow travelers or managing payments across borders.
  • Low-Cost International Payments: Unlike conventional banks, which impose hefty charges, Black Banx provides competitive rates for cross-border transactions.
  • Better Exchange Rates: Traditional banks and local exchange bureaus often offer poor conversion rates, meaning you lose money every time you switch currencies. With Black Banx’s real-time currency exchange across 28 FIAT currencies and 2 cryptocurrencies, travelers get more value for their money.

2. Hassle-Free Multi-Currency Management

Juggling multiple currencies can be frustrating, especially when you’re traveling across different regions. Exchanging cash or opening local bank accounts in every country is simply impractical.

How Global Digital Banks Help:

 

  • Multi-Currency Accounts: Black Banx allows you to hold and convert funds in 28 different currencies, meaning you can pay in local currency without worrying about exchange fees.
  • Real-Time Conversion: Instead of getting stuck with bad rates at airport kiosks, travelers can seamlessly switch between currencies at competitive rates.
  • Crypto Compatibility: For those who prefer digital assets, Black Banx also supports real-time cryptocurrency trading, offering even more financial flexibility.

3. Global Card Acceptance & Virtual Payment Options

There’s nothing worse than having your card declined while trying to book a hotel or pay for dinner in a foreign country. Some traditional bank cards aren’t optimized for international use, and frequent fraud alerts can result in unnecessary account freezes.

How Global Digital Banks Help:

 

  • Debit Cards Accepted in 180+ Countries: Black Banx offers plastic, metal, and virtual debit cards that work seamlessly across borders.
  • Integrated with Digital Wallets: Features like Apple Pay and Google Wallet compatibility ensure that you can make payments effortlessly, even in remote locations.
  • Virtual Cards for Extra Security: Instead of exposing your primary card to potential fraud, Black Banx users can generate virtual cards for online and travel-related purchases.

4. Enhanced Security for Peace of Mind

Carrying large amounts of cash or relying on outdated banking systems can put you at risk of theft and fraud. Travelers often find themselves vulnerable, especially when using unsecured ATMs or public Wi-Fi networks to access their bank accounts.

How Global Digital Banks Help:

 

  • Advanced Encryption & Multi-Factor Authentication: Black Banx employs top-tier security protocols to protect users’ funds.
  • Anonymous Banking Options: For those who value privacy, Black Banx offers anonymous accounts—a feature rarely available with traditional banks.
  • Instant Freeze & Unfreeze Options: Lost your card? No problem. Digital banks let you freeze and unfreeze your card instantly via the app, adding an extra layer of security.

5. Speed & Convenience with Instant Account Setup

Traditional banks require a mountain of paperwork just to open an account, and the process can be painfully slow—especially if you’re in a foreign country.

How Global Digital Banks Help:

 

  • Instant Account Setup: Black Banx lets users open an account within minutes, eliminating long waiting periods and excessive documentation.
  • No Need for a Local Address: Unlike traditional banks, which often require proof of residency, Black Banx makes banking accessible to travelers from anywhere.

6. Smart Financial Management Tools

Keeping track of expenses while traveling isn’t always easy, and currency fluctuations can complicate budgeting. Having the right financial tools can make a huge difference in managing money on the go.

How Global Digital Banks Help:

 

  • Real-Time Expense Tracking: Black Banx provides instant notifications for transactions, so you always know where your money is going.
  • Exchange Rate Alerts: Stay ahead of market fluctuations by monitoring exchange rates directly through the app.
  • Budgeting & Analytics: Travelers can analyze their spending patterns and set financial goals within their banking dashboard.

7. Perfect for Business Travelers

With business travel spending projected to grow by 10.4% in 2025, companies are rethinking their approach to corporate trips. More businesses are looking for cost-effective, sustainable, and digital-first financial solutions.

How Global Digital Banks Help:

 

  • Virtual Cards for Expense Management: Corporate travelers can generate virtual cards for different expenses, reducing the risk of fraud and simplifying reimbursements.
  • Seamless International Transactions: Whether you’re paying for flights, accommodations, or client meetings, Black Banx ensures smooth cross-border payments.
  • Supports Embedded Financial Services: With embedded finance expected to reach US$570 billion by 2033, Black Banx stays ahead by integrating advanced financial tools into its platform.

Managing finances while traveling no longer has to be a headache. Whether you’re a digital nomad, an entrepreneur, or a business professional, choosing a global digital bank can help you avoid high fees, navigate multiple currencies with ease, and enjoy seamless transactions wherever you go.

Black Banx is a prime example of how fintech is transforming the travel experience. With low-cost transactions, multi-currency accounts, enhanced security, and global accessibility, it’s redefining what financial freedom looks like for travelers. And with its profit before tax soaring to US$2.3 billion in 2024, it’s clear that this innovative approach to banking is here to stay.

So, before you embark on your next international adventure, ask yourself: Is your bank ready for the journey? If not, it might be time to switch to a financial partner that is. Safe travels!

 

Canada vs. Ireland: How the Tech Space Looks Either Side of the Atlantic

While the technological boom of the 21st century is a global phenomenon, it’s not evenly distributed across the globe. Some countries have much better developed tech scenes than others, and the situation is changing from decade to decade based on multiple factors. It’s not just the large nations that are leading the charge, as there are several medium-sized countries that punch far above their weight in this sector. Canada and Ireland are great examples, as both are home to numerous high-profile tech companies and have lots of native experts to perform crucial jobs.

We will take a closer look at these two countries located on the opposite sides of the Atlantic and compare their achievements in the technology domain. There are some obvious similarities but also many differences to explore, making this pairing very interesting.

Overview of the Canadian Technology Sector

From the earliest days of the IT revolution, Canada was on the forefront of innovation and business development. The population is highly educated and the nation has a well-regulated, business-friendly legal environment that benefits big technology firms. That has translated into a huge financial windfall – today the value of this industry exceeds $100 billion and it provides nearly 1.5 million jobs. Most of this is driven by the big players, including some globally known brands that many people don’t even know are Canadian. The list is headlined by names like Blackberry, Shopify, and Slack, but there are also brands such as Constellation Software Inc., CGI Inc., and many more.

Most of the tech industry is concentrated in large cities, with Ontario in particular being attractive to fast-growing start-ups due to great infrastructure and conscious efforts of the provincial leaders to attract investment. In recent years, the sector was invigorated by robust growth of the iGaming section with numerous Ontario online casino sites achieving international prominence. According to the available data, the growth is likely to continue into the foreseeable future and produce even more benefits for the local communities, although the competition is becoming stiffer. Canada has the foundation in place to remain a leader in the sector, but will have to adjust to new realities and continue supporting innovation and producing top talent to fill the key jobs.

Overview of the Irish Technology Sector

Ireland had a very different trajectory when it comes to the development of the technology sector. Back in the 1980’s when the industry first emerged as a global force, Ireland was still grappling with the complicated legacy of conflict and poverty. Things started changing for the better after the country successfully attracted international companies like Microsoft and Intel with a favourable tax regime, access to the common European market and other benefits. These and other blue chip companies opened their regional offices in Ireland, taking advantage of the tech-friendly legislation and turning the country into a vibrant hub. Smaller companies followed suit, while the influx of tech expertise also lead to development of some local success stories as well.

The industry accelerated in the 2010s, turning Ireland into a real force in the global market. The contributions of the technology sector to the nation’s finances today stand at 13% of the GDP, a much higher figure than in most countries of comparable size. Another incredible fact is that 16 out of 20 biggest tech companies in the world have an operating base in Ireland, with around 100,000 people employed in the sector. Some of the sub-fields with the strongest presence include FinTech and HealthTech, both of which are seen as extremely important in this period. That’s why it’s logical to expect Ireland to retain its unique position despite all the changes in the market.

Key Differences Between Europe and North America

There are certainly many parallels between Canada and Ireland when it comes to technology sector, but it would be naïve to assume that the situation is the same. As a North American country, the fortunes of Canada are closely tied to the United States and its powerful tech sector. It wouldn’t be fair to say that the Canadian tech industry lives in the shadow of the Silicon Valley, but the links are undeniable. Canada’s economy is also more diversified than Ireland’s, so the reliance on revenues from the tech sector is not nearly as dramatic. On the flip side, Canada’s location and climate may deter some of the most talented hardware and software engineers from joining companies based in the country.

Europe has its own set of issues that affect how Ireland conducts its tech business. The European Union consists of many nations, all of which have their local specificities. The regulations regarding fair competition and consumer protection are very strict, forcing tech companies to spend more to ensure compliance. Ireland has built a reputation as one of the most tech-friendly locations in Europe, yet it can’t truly be viewed outside of the broader EU context. It will be very interesting to see how the country navigates the changing political and economic climate and whether it will be able to leverage its experience with foreign corporations into a grassroots tech scene of its own.

First ever Dublin Tech Week all set to launch!

Dublin City Council is proud to announce the first ever Dublin Tech Week, running from 23-30 May.

In just over a week, Dublin will become the epicentre of global innovation as it welcomes a week-long celebration that promises to energise the city with the brightest ideas, the boldest technology, and a shared vision for the future.

This first-of-its-kind initiative will unite the capital’s top innovators, global tech leaders, creatives, educators, and the wider community through a dynamic mix of over 30 events, spanning everything from AI and cybersecurity to blockchain, smart cities, fintech and beyond.

But this is more than just a calendar of events. Dublin Tech Week is a movement — one that underscores the city’s position as a bold, collaborative, and forward-looking global tech hub.

Ross Curley Head of Economic Development, Dublin City Council & Dublin Regional Place Brand said: “Dublin is one of Europe’s most important tech hubs and a leading smart city. Dublin City Council and the Dublin Brand are proud to support the City’s first ever Tech Week showcasing our world-class talent, cutting-edge innovation, and collaborative spirit. Initiatives like this not only highlight our position as a leader in the tech industry but also inspire future innovation, and strengthen our city’s reputation as a forward-thinking, welcoming and thriving destination for local and global business.”

From flagship conferences like the Dublin Tech Summit at the RDS, Blockchain Ireland Summit at Trinity Business School, Dublin 2 and ETHDublin at Dogpatch Labs, to grassroots meetups, hackathons, and family-friendly discovery trails, the programme is designed to be as accessible as it is ambitious.

Event highlights include Smart Dublin’s ‘The Connective Detective’ – build your own smart city; ‘All We Feel is How it Moves’ – a live audiovisual work driven by real time data at the Hugh Lane Gallery; a session on the Cultural Audit and Culture Near You Map by the Dublin City Council Culture Company and ‘Learn the Art of Lock Picking’ among many others.

Both the tech and wider community can immerse themselves in topics ranging from the future of AI and immersive tech, to ethical hacking, Web3 governance, smart urban planning, and the power of inclusive innovation. Events range from ticketed to free and open to attend/participate in, with booking information provided on the event listing.

All of this is made possible by a powerful coalition of partners and stakeholders across Dublin’s ecosystem, including: Dublin City Council, Smart Dublin, Dublin Chamber, the Dublin City Local Enterprise Office, NovaUCD, the ADAPT Centre at Trinity College, Dogpatch Labs, Guinness Enterprise Centre, Blockchain Ireland, ETH Dublin, TU Dublin, Tech Ireland, and Enterprise Ireland.

Together, they’re helping to build a platform for discovery, investment, talent, and community impact that will reverberate long after the week finishes.

Dublin Tech Week is open to all. Whether you’re a startup founder, developer, policy thinker, educator, student, or simply curious about what the future holds, there’s a place for you in this citywide conversation.

Explore the full programme and get involved at dublintechweek.com
Follow the buzz: #DublinTechWeek

Irish fintech increased almost 300% in 2024

2024 was a positive year for the Irish fintech market, with funding reaching $237.95 million across 25 deals; this was a significant increase (291%) compared to last year were $60.83 million was raised across 11 deals, according to the Pulse of FinTech H2’24—a bi-annual report published by KPMG highlighting global fintech investment trends.

The data includes the $109 million buyout of Dublin-based software company SoftCo by Keensight Capital, making it the largest fintech deal in Ireland in 2024. Other notable deals for the period were ones by mobile payment platform CleverCards and CreditLogic, a Dublin-based fintech both raising just over $8.6 million and $3.7 million respectively.

But fintech levels in Ireland was an outlier. Global investment dropped from $119.8 billion across 5,382 deals in 2023 to a seven-year low of $95.6 billion across 4,639 deals in 2024. A perfect storm of factors combined to soften investor appetite, including macroeconomic challenges, geopolitical conflicts and tensions, a year of elections in major jurisdictions, and concerns about valuations and the lack of exits.

Fintech investment in EMEA region sinks to $20.3 billion—lowest total since 2016

Fintech investment in the EMEA region fell from $27.6 billion across 1,833 deals in 2023 to just $20.3 billion across 1,465 deals in 2024. H2’24 also saw a significant drop compared to H1’24—from $13 billion across 820 deals to just $7.3 billion across 645 deals.

Irish fintech ecosystem shows resilience

Commenting on fintech activity in Ireland during 2024, Ian Nelson, Head of Financial Services & Regulatory at KPMG in Ireland, said: “The Irish fintech sector’s remarkable growth in 2024, with a staggering 291% increase in investment to $237.95 million, underscores its resilience and potential. Despite global investment falling to a seven-year low, Ireland’s innovative spirit and robust ecosystem have set it apart as a beacon of progress in a challenging economic landscape.”

Nelson adds, “Early-stage deals are thriving, driven by interest in AI and innovative business models. This growth is even more impressive given the macroeconomic challenges, geopolitical conflicts, and election uncertainties that have dampened investor appetite globally, and a testament to the strength and adaptability of our fintech ecosystem.”

Focussing on H2’24, Ireland’s fintech sector recorded $97.15 million in M&A, venture capital and private equity transactions across five deals. This reflects a significant increase from the $1.61 million for the same period last year.

Global Highlights 2024 

  • Global fintech investment fell from $119.8 billion across 5,382 deals in 2023 to $95.6 billion across 4,639 deals in 2024.
  • The Americas attracted $63.8 billion in fintech investment across 2,267 deals in 2024, of which the US accounted for $50.7 billion across 1,836 deals; the EMEA region attracted $20.3 billion across 1,4645 deals, while the ASPAC region attracted $11.2 billion across 896 deals.
  • Global M&A deal value fell from $60.2 billion to $49.6 billion between 2023 and 2024; while H2’24 was softer than H1’24, M&A deal value rose from $7.4 billion to $14.2 billion between Q3’24 and Q4’24.
  • PE investment declined significantly, falling from $10.5 billion in 2023 to just $2.6 billion in 2024, while VC investment saw a modest drop from $49.2 billion in 2023 to $43.4 billion in 2024.
  • Payments was the strongest area of fintech investment globally in 2024, with $31 billion in investment compared to just $17.2 billion in 2023; other sectors that saw investment rise year-over-year included digital assets and currencies —from $8.7 billion to $9.1 billion, regtech—from $4.4 billion to $7.4 billion, proptech—from $1.9 billion to $3 billion, and wealthtech—from $190 million to $400 million.
  • Corporate VC-participating investment globally fell from $26 .9 billion in 2023 to $19.6 billion in 2024; only the EMEA region saw corporate investment in VC deals rise—from $5.1 billion to $5.8 billion year-over-year. The Americas saw CVC drop from $13.8 billion to $9.9 billion, while ASPAC saw CVC investment drop from $8.0 billion to $3.9 billion.

EMEA Trends to watch for in H1’25

  • Continued investment in regtech given the ongoing evolution of regulations and the complexities associated with compliance.
  • Growing interest in the development of AI agents able to act independently, particularly in areas like AML and financial crime detection.
  • Increasing regulatory burden acting as a potential driver for consolidation.
  • Continued focus on secondary transactions given subdued IPO environment
  • Further development of the digital euro and its ecosystem changing the game for investment, use case development, and the enhancement of an ISV ecosystem.

Report