A €3 million collaboration between Kerry financial services giant Fexco, UCC and the Science Foundation Ireland has the potential to create new jobs in Kerry, it was stressed at the launch of the project this Friday.
Minister for Finance, Public Expenditure and Reform, Paschal Donohoe, was in Killorglin this morning to launch Fintechnext which is a financial technology research collaboration between the three partners.
The €3 million investment will be provided by Science Foundation Ireland and Fexco in equal parts with critical knowledge and expertise provided by researchers at the Cork University Business School within UCC.
Up to 12 staff will be recruited initially for research purposes over the next four years and Fexco insists that there will also be opportunities to create further positions in the delivery of applied and funded research dedicated to the key areas of foreign exchange, digital taxation and corporate asset administration.
The research team will be co-located between Fexco in Killorglin, where the company already employs over 1,000 of its global 2,300 strong workforce, and UCC.
“Investment in research is key to developing and delivering the next generation of products, services and innovations that will disrupt the fintech sector, an industry that has been critical to the continued growth and development of the south west of Ireland and of Fexco,” said Fexco CEO Denis McCarthy.
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