Central Bank demands special audits for ‘fintech’ payments firms

Dozens of fintechs are being forced to submit special audits to the Central Bank after a review of the sector found “significant deficiencies” in how some firms safeguard customer money.

irms including e-commerce giants Stripe, Facebook and Google and point-of-sale service providers such as AIB Merchant Services, Square and Sum Up received letters from the Central Bank instructing them to undertake the audits.

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