Going round the Circit makes client verification a cinch for busy auditors

Circit’s founding team from left: Mariam Barakat, Sean Kenny, Cormac O’Brien, David Heath and David O’Connor

Auditor David Heath co-founded Dublin tech firm Circit four years ago on foot of his experience as head of finance at another fintech firm in Dublin.

“The majority of our team’s time was not actually spent auditing,” he said. “We were co-ordinating paper and email trails between ourselves, the client and third-party banks, as well as solicitors and brokers.

“I thought ‘this is really not efficient’. Then, the PSD2 [Revised Payment Service Directive] ...