Authorisation applications & Regulatory
Seeking to provide regulated payments & e-Money Services?
Strategy
&
Advisory
Need to better understand payments?
Training Services & Regulatory Compliance
Helping your organisation understand current regulations.
Director Services
&
Networking
Providing leadership, guidance and market insights.
Profile
Russell Burke,
Regulatory and Strategic Payments Consultancy
Russell Burke, independent payments consultant, with a unique combination of extensive regulatory and strategic experience, works with advisory firms, regulated payments and electronic money firms and, in particular, with firms seeking authorisation to provide payments and electronic money services, is one of Ireland’s leading payments specialists with over forty years’ experience with the Central Bank of Ireland, the Irish Payments Services Organisation (IPSO) and Bank of Ireland. Russell also provides bespoke payments related training and board director services.
Specialising in payments since 2000, Russell most recently helped transform the regulated payments sector in Ireland, over seven years, as the Senior Payments and Electronic Money Authorisations Specialist with the Central Bank of Ireland’s Payments Authorisations Team, assessing and making decision recommendations for the many payments and electronic money firms now authorised in Ireland such as Facebook, Google, and Stripe.
Prior to that, Russell headed Strategic Development at IPSO, now Banking and Payments Federation Ireland, for seven years, which included two years on secondment to the Government’s National Payments Plan where he led its mobile payments and cheque reduction programmes. He previously held a number of key payments-related roles in Bank of Ireland where his responsibilities included strategy, innovation and European affairs where he also headed the bank’s Group SEPA Implementation Programme.
Russell represented Ireland on the European Payments Council’s Mobile Channel Expert Group for four years, was a member of the Department of Finance’s Financial Inclusion Task Force, was a member of the National Payments Implementation Programme Advisory Group and was a director of the global industry association, Mobey Forum, for four years, serving two as deputy chair.
Russell has been a speaker at a number of major domestic and international events and, more recently, has spoken on behalf of the Central Bank of Ireland at several industry events on the application and authorisation processes for payments and electronic money institutions in Ireland.
Russell has an MBA from the UCD Michael Smurfit Graduate Business School, is a qualified financial adviser and a licentiate of the Institute of Banking in Ireland.
Supporting your business
Having represented Ireland on the European Payments Council’s Mobile Channel Expert Group for four years, I was selected as a member of the Department of Finance’s Financial Inclusion Task Force, was a lead member of the National Payments Implementation Programme Advisory Group and was elected deputy chair of the global industry association, Mobey Forum where I served as a director for four years.
Seeking authorisation?
Electronic Money Institutions, Payments Institutions and Account information services providers seeking Authorisation or Registration in Ireland.
working with the central bank
Need help responding to Central Bank comments or understanding how the process works with the Central Bank? Trying to understand the Supervision Regime?
payments / e-money regulatory issues?
Need to understand the compliance requirements of providing a regulated payment service? Do your Advisors & relationship managers understand regulatory regime?
DIrector Services & networking
The Central Bank of Ireland requires all regulated payments and electronic money firms to have at least one independent non-executive director on its board.
Client Testimonials
Here is what clients and contacts say:
It is with great pleasure that I worked with Russell for more than two years in the Mobile Channel Working Group. Russell is a very pro active person, his contribution and his expertise in the mobile payment have been a great help for writing white papers and guidelines for implementation of contactless payment. I look forward to continuing to work with Russell next year on these exciting topics of innovation in the mobile payment.
International Payment Consultant
Russell has strong content and strategic competence In the payments area and has contributed in a very satisfying way to help advancing the EPC work on mobile payments.
Senior Banking Professional
I worked together with Russell on the Central Bank’s Innovation Hub where we receive a lot payments-related enquiries. The enquiries come from a broad profile of firms, from Irish start ups to large international firms. Most of the enquiries involve questions on the PSD2 or e-money authorisations process, or the Bank’s policy approach to novel payments technologies. Russell treated all the same with his friendly, direct and professional style, always willing to share his deep sectoral expertise. He took the same approach with colleagues in the Bank, too. A real pleasure to deal with.
Payment Technology Specialist
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