Tech

NoFrixion lands EMI authorisation from Central Bank as it eyes further growth

The company is the first Irish fintech to secure both EMI and Vasp regulatory status

Feargal Brady, the chief executive at NoFrixion, said obtaining the authorisation from the Central Bank of Ireland was testament to the company’s team. Picture: NoFrixion

NoFrixion, the Irish embedded finance fintech has been granted Electronic Money Institution authorisation by the Central Bank of Ireland.

The company, which is pioneering embedded finance across the EU, plans to use the approval to help fuel its next stage of growth in its MoneyMoov platform.

Feargal Brady, the chief executive at NoFrixion, said the company could help identify and reconcile payments for firms and remove “millions of hours a year” of unnecessary work in ...