Indian IT services group Infosys is promising to create 250 fintech-related jobs in Ireland over the next three years.
In a project backed by IDA Ireland, the firm will double its workforce in the country, with some roles in research and development and the remainder providing IT services to clients.
The 95 fintech R&D jobs will be at a centre set up by EdgeVerve Systems, the product subsidiary of Infosys. "Highly skilled" staffers will work with customers, technology partners, academic institutions and the startup community in areas like blockchain and analytics.
Meanwhile, up to 155 employees at the company's new development centre will provide technology services to Infosys' global and Ireland-based clients in the financial services industry. The work will include high-end IT consulting, business analytics, business processing and customer service.
Irish Taoiseach Enda Kenny says: "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."
Earlier this year Infosys agreed to set aside $10 million from its $500 million innovation fund to invest in Irish startups on the back of a new outsourcing deal with Allied Irish Bank.
Vishal Sikka, CEO and MD, Infosys says: "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."