Infosys Chooses Ireland For Fintech Expertise

IT consulting group Infosys has chosen Dublin to develop new technologies and support innovation in global financial institutions over the next three years.

The company will create 250 new jobs in further developing its first dedicated product-centric research and development centre outside India. It will open a second Irish facility to house up to 155 people who will provide IT services to Infosys clients.

They said in a statement: “The highly skilled technology roles at the R&D facility, which will be established by EdgeVerve Systems, the product subsidiary of Infosys, will focus on FinTech research and development. The center will operate an open innovation model, working closely with customers, technology partners, academic institutions and the start-up community in areas of technology, such as blockchain and analytics.”

Taoiseach (Prime Minister) Enda Kenny TD and Richard Bruton TD, the Minister for Jobs, Enterprise and Innovation, Government of Ireland, were happy to wave the flag about the move.

Taoiseach Enda Kenny TD said: “I am delighted to welcome 250 new jobs at Infosys. This is a vote of confidence in Ireland, our great workforce and our reputation as a hub for technology and innovation. The Government wants to keep the recovery going by providing the right environment for companies like Infosys to locate, expand and create jobs.”

Chief Executive Officer and Managing Director Dr Vishal Sikka of Infosys said: “Much like Ireland, Infosys has based its growth on a foundation of education, lifelong learning and a deep commitment to innovation. Infosys is already working with clients in Ireland helping them explore new ways of working and advancing, by embracing technology-led innovation. We want to build on this early success. With an ecosystem of like-minded partners in Ireland, we will pursue new ideas and new ways to solve the greatest challenges of our times – the important things that only human imagination and ingenuity can achieve.”

Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: “Information technology and business consulting is a key sector which we have targeted as part of our Action Plan for Jobs, and we have put in place a range of measures to support jobs growth in this area. Today’s announcement that Infosys, a leading company in this area, is locating 250 high-end innovation jobs in Ireland is a great boost. I wish Vishal and his team every success and look forward to continuing our work together.”

Chief Executive Officer Martin Shanahan, IDA Ireland, said: “Infosys is an Indian company with a truly global footprint – it has operations in more than 50 countries. IDA Ireland has a team of executives working with Indian companies in the market, making them aware of the opportunities that exist here in Ireland. Attracting Asian companies is a key part of IDA Ireland’s strategy. Infosys’ investment shows that Ireland has a lot to offer Indian and other Asian companies.”