Fintech

'Limited progress’ made on remediation plan for EML’s Irish fintech subsidiary - Central Bank

Shares in the Australian fintech fell over 10 per cent last Friday after it disclosed further dealings with the Irish regulator to shareholders

Valerie Moran and Noel Moran, founders of Prepaid Financial Services: the Irish fintech was acquired by Australian company EML Payments three years ago in a multimillion euro deal. Picture: Bryan Meade

EML Payments has made “limited progress” in dealing with issues arising from a remediation programme involving its Irish business, according to the Central Bank of Ireland.

Shares in the Australian company fell over 10 per cent last Friday after it disclosed further dealings with the Irish regulator to shareholders.

The Australian company acquired PFS Card Services Ireland Limited, the Irish fintech, in a multimillion euro deal three years ago. Founded by Noel and Valerie Moran ...