Financial Services Ireland has announced a new Platform aimed at making investment more accessible for Irish consumers.
An automated financial platform using artificial intelligence is being developed as part of wider efforts to improve access to investment for consumers in Ireland. The platform, created with input from economists and technical specialists, is intended to support participation in investment activity comparable to mechanisms used in global currency markets.
The development comes as the financial services sub-group of Ibec works on a blueprint for a simplified and tax-efficient investment vehicle. The proposal aims to give consumers access to a range of savings and investment products provided by different firms.
In its five-year strategy published today, the group called for rapid action to address barriers that currently limit consumer participation in investment. The move aligns with plans at European level to establish a Savings and Investment Union.
Speaking on the issue, Patricia Callan of Financial Services Ireland said the objective is to encourage the use of funds currently held in low-interest deposit accounts in more productive ways. She noted that deposits in Ireland amount to approximately €169 billion, while across the European Union the figure is estimated at €23 trillion. According to Ms Callan, savings and investment accounts are viewed as a key mechanism for facilitating this shift.
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Who is this project for?
Speaking on This Week on RTÉ Radio, Tánaiste and Minister for Finance Simon Harris said the Government is working on a strategy aimed at helping people achieve better returns on their savings and investments.
Patricia Callan said tax incentives would play an important role in making such investment options more attractive to consumers. She added that encouraging the release of funds currently held in low-interest accounts would also benefit the Government, the wider economy and the European Union.
She said that directing this money back into the economy would increase available funding for areas such as digitalisation, sustainability and defence, while also strengthening capital markets and supporting private enterprise. Ms Callan noted that the EU continues to face challenges in providing sufficient capital to back entrepreneurs.
The comments come amid the rollout of a new consumer investment platform, supported by more than €3 billion in investment and developed with contributions from a range of private sector participants. The platform is designed to broaden access to investment opportunities for Irish citizens, offering participation beyond traditional institutional and high-net-worth investors.
Guaranteed Security and Government Protection
The project operates within established regulatory frameworks and is supported by internationally recognised financial institutions. Client funds are held with Allied Irish Banks, with deposit protection mechanisms in place in line with applicable standards.
Participants retain full control over their funds, with the ability to access and withdraw balances in accordance with the platform’s terms. Dedicated account support is provided to assist users during onboarding and throughout their participation, ensuring transparency and continuity of service.
The initiative forms part of broader efforts to strengthen consumer confidence in investment participation while maintaining high standards high standards of security and oversight.
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