Indian software services giant Infosys is looking to double its existing staff in Ireland by adding 250 new jobs in areas such as blockchain and analytics.
A new expansion plan by Infosys will include new jobs at the company’s first dedicated, product-centric research and development lab outside India in its endeavor to expand operations in Ireland. The company notes that 95 jobs will be added to the facility while a second Irish facility is expected to gain 155 new jobs.
The R&D center is specifically positioned to focus on Fintech research and development. The center will embrace an open innovation model, according to a press release by the Infosys. Furthermore, the center aims to bring together customers, technology partners, academic institutions at the very preliminary stages of blockchain technology.
Infosys ranks among the early investors looking into bitcoin’s blockchain technology, a bandwagon that sees plenty of companies, banks and financial institutions joining in lately. The company’s core business has always been consulting and outsourcing, while new plans include a considerable investment and foray into Fintech.
In April 2015, Infosys made headlines when it announced that the blockchain was being considered by the company to be implemented into its core banking product, Finacle.
Also read: Top Banking Software Vendor Infosys to Make Use of the Bitcoin Block Chain
Infosys’ Finacle, a banking software used as a front-end solution among employees to bank accounts was one of the first tools offered on Microsoft’s Azure. An early partnership with the software giant saw Infosys Finacle offer a suite of solutions that were available for customers on cloud platform – Azure. In a recent tie-up with Oracle, Finacle was also offered on Oracle Cloud to deliver enterprise-class banking solutions and applications as a managed service on Oracle’s cloud.
The company’s new development center in Ireland and the creation of new jobs is geared to provide technology services immediately within Ireland and globally for clients in the financial services industry.
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