Irish entrepreneur Paddy Cosgrave has announced that Web Summit's next financial technology conference, Moneyconf, will take place in Dublin.
In a statement issued by the company, it was revealed that the Irish capital was selected as the site for the seminar due to the belief that "Brexit is transforming Dublin as a financial centre."
According to The Irish Independent, Cosgrave also asserted that, "Web Summit's most important supporter from the start, by a wide margin, was the IDA. They're back as one of our partners. There's a lot of positivity and a lot of change. It's an interesting time for Ireland and not just because of Brexit."
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MoneyConf traditionally plays host to 1,000 attendees, including global companies such as Goldman Sachs, Visa and Alipay. The news of its return to Ireland arrives in the wake of the recent announcement of 40 new jobs at Web Summit's Dublin office as well as the company's declaration that it will be providing €1.5 million a year in free tickets for its events to students from Irish schools and colleges.