US financial technology firm Redline to create 20 new jobs in Belfast
AN AMERICAN financial technology company has chosen Belfast as the location for a new global support centre, set to create up to 20 jobs.
Redline Trading Solutions, a niche global provider of Fintech services is the latest high profile addition to the burgeoning sector, with Belfast now recognised as the number one destination globally for financial technology R&D investments.
Redline, who have headquarters in Boston and offices in New York, London, Hong Kong, chose Belfast over other locations in Britain, Republic of Ireland and Asia for the support centre, which the company hopes will create 20 new high-paid and high-skilled positions.
The deal, which is being supported by £100,000 of financial support from Invest NI was announced as CEO Alastair Hamilton visited the company during a week-long US visit programme. Mr Hamilton is visiting New York, Boston and Toronto to meet with potential investors.
"Once again our reputation as a great place to do business has secured another new inward investor. Redline provides financial technology services, with its customers including four of the top five leading investment banks," he said.
"These are well paid roles across software engineering, support and sales. The team in Belfast will be solely focused on developing Redline's global support services.”
Redline founder and CEO Mark Skalabrin said the new investment would support the company's ongoing growth in Europe.
“Our vision is to build intelligent trading solutions with performance and reliability unmatched in the industry. By combining customer needs, industry trends, and emerging technologies, we are providing innovative solutions that help our customers to succeed in an ever-changing market.
“The new support centre in Belfast will be core to our growth, not only supporting our existing client base, but also in enabling us to capitalise on opportunities in Europe.
“We are very grateful for Invest NI support, and for their help in understanding the local market and make important contacts to ensure we are able to get up and running quickly.”
The financial services technology sector in the north is especially strong with specialist software development centres established by Citi, CME Group, Cayan, First Derivatives, Fidessa, Tullet Prebon and others to service high profile financial services firms in global centres worldwide.
A number of technology and professional services firms that offer solutions to the sector also operate support centres in Northern Ireland. These include Allen & Overy, Herbert Smith Freehills, Axiom Law, PwC, Deloitte, Kofax, Concentrix, EY, and Capita.