Britain’s win in the Brexit referendum has prompted tech companies to flock to the country in order to improve the economy by creating “high-quality” jobs.
BREXIT The economy of the United Kingdom has gotten a huge boost when fintech and cybersecurity companies announced the creation of over 100 jobs in Northern Ireland.
Agio, a fintech business based in the United States that specializes in artificial intelligence for the financial services industry, is intending to open a new technology center in Belfast to fill these positions. A team of engineers has already filled up to 19 vacancies. The remaining posts, which will be filled over the following five years, will include both home positions and those based at Urban HQ’s technology center.
Stormont’s business support agency, Invest NI, has provided £650,000 to help fund the initiative, with an estimated £4.5 million in annual salaries to be infused into the economy.
Agio’s chief revenue officer, Gavin Mcgee, is originally from Northern Ireland, despite the fact that the company is situated in New York.
“We’ve gotten a lot of positive feedback from our Belfast engineers,” he said.
“A Northern Ireland base will continue to contribute exceptional people to our service organization,” says the company.
Minister for the Economy Gordon Lyons praised the statement made this morning at Invest Northern Ireland’s headquarters in Belfast.
He believes Agio will contribute to Northern Ireland’s already thriving financial industry.
“Agio’s investment here will expand our pool of talent and result in the development of 100 high-quality technology jobs over the next five years,” he said.
“Investments like this will be critical in bolstering our economic recovery.”
“We’ve been working with Agio since 2019 to highlight our local IT talent through introductions to universities, colleges, and current investors,” said Kevin Holland, chief executive of Invest Northern Ireland.
“I’m happy that this has resulted in investment in Northern Ireland.”
“It is evident that technology will play a vital role in Northern Ireland’s development, and this project will contribute significantly to the ICT sector as we go forward post-pandemic.”
The news comes after Nihon Cyber Defence (NCD), a Japanese cybersecurity firm, established a new office in Belfast that will create at least 10 jobs.
NCD also announced the promotion of two experienced cyber security experts to high management positions, including Dougie Grant, a former senior PSNI and National Cyber Security Centre officer, to Managing Director in Europe.
It comes following a sharp increase in cybersecurity risks in recent years.
NCD is presently looking for a team of “Brinkwire Summary News.”