November 6, 2019
As part of our growth plans, we at fire.com are pleased to announce the launch of our new entity, “Fire-UK”.
For several reasons we decided some time ago to create a UK-based legal entity. Firstly, as an authorised e-money institution we are set up to ensure the services we offer our UK-based customers will not be impacted by Brexit. Secondly, as an active payments initiation and account provider in open banking we wanted to be close to the UK payments ecosystem. Finally, we wanted to make sure that we could continue to grow our team based in Shoreditch while staying close to our customers.
We are also delighted to welcome two new board members to the fire.com team – Mike Smith and Lucy McClements.
Mike joins us with a Director level background in Financial Services, having been a UK Bank Commercial Director and on the Board of an SME Lender. Mike was also: a member of the PSR-sponsored Payment Strategy Forum; on the Link Network Members Committee; a Non Executive Director of Faster Payment Scheme Ltd; a Member of the Emerging Payments Association Advisory Board; a Payments Awards Judge.
Lucy McClements joins us with over 20 years’ leadership experience following an executive career with the FCA, FSA and Bank of England. She has held a variety of Board Advisory and Committee roles and provided governance insight and executive advice to many regulated firms. As a newly licensed entity, Lucy will support Fire-UK by providing further Governance, Compliance and Risk Management expertise.
As a provider of multiple sterling and euro payment services, fire.com helps businesses manage and automate payments with all the tech, accounts and cards needed.
On the 16 October 2019, we took the final step in our preparations and our UK customers have now been migrated from Fire-EU, our Irish company, to Fire-UK. There is no change to the way fire.com customers use their accounts as a result of this move.
With thanks to all our customers.
Owen has a degree in Theoretical Physics from Trinity College Dublin, and began his professional career as a freelance IT Solutions contractor. While developing the Ulster Bank corporate website, he met Colm Lyon, and together they founded Realex Payments in 2000. He was responsible for the initial build of the card payments platform, and led the re-architecture and design of the platform in 2010.