Indian IT services group Infosys is set to create 250 fintech-related jobs in Ireland over the next three years. The project backed by IDA Ireland, will see the firm doubling its workforce in the country, with some roles in research and development (R&D)and the remainder providing IT services to clients.
The expansion will see the Bangalore-headquartered firm create up to 95 roles at its first dedicated product-centric R&D centre outside India, and open a second Irish facility to house up to 155 people who will provide IT services to Infosys clients. The work will include high-end IT consulting, business analytics, business processing and customer service. The company’s current employee strength in Ireland includes the employees that have been transferred from AIB to the Infosys Booterstown facility and employees working onsite at client locations in Ireland.
The highly skilled technology roles at the R&D facility will be established by the product subsidiary of Infosys, EdgeVerve Systems and will focus on FinTech R&D. “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,” said Irish PM Enda Kenny.
Vishal Sikka, CEO and MD 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.”
Martin Shanahan, CEO of IDA Ireland,said, "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."
Earlier this year Infosys had 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.