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Irish banks want to take on Revolut together — but why has the competition watchdog 'rejected' them?

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Irish banks want to take on Revolut together — but why has the competition watchdog 'rejected' them?
Why has it taken so long for Irish banks to address competition from fresh-faced fintech companies?
By Ian Curran
Sunday 24 Jan 2021, 6:30 AM
Jan 24th 2021, 6:30 AM
76,285 Views
37 Comments
Image: SIPA USA/PA Images
Image: SIPA USA/PA Images
THERE WAS SEEMINGLY good news for Irish consumers last week when it was reported that four Irish retail banks — Bank of Ireland, AIB, Permanent TSB and KBC — were formally moving ahead with plans to band together to create a payments app, Synch Payments, to rival digital challenger banks.

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