LIMERICK will see the creation of 54 new jobs with the announcement that a US fintech term is to open a centre of excellence in the city.
North American Bancard announced that it has chosen Limerick City as its new location for a centre of excellence to grow the firm’s portfolio.
Headquartered in Troy, Michigan, in the US, North American Bancard (NAB) deliver payment experiences in mobile, ecommerce, and in-store environments.
The company currently handles over $100billion in transactions each year.
Limerick Minister Patrick O’Donovan said that “as a proud Limerick person, I know how fertile a landscape we have here for talent, innovation and commerce”.
“This investment by NAB in the Mid West is further recognition of that talent, and their arrival to Limerick City will provide a significant boost to the wider local economy. Limerick is the perfect base for industry of this kind.
“Risk management solutions are important for us all, as we increasingly rely upon financial institutions to be resilient and withstand attacks. I look forward to the arrival of the NAB team and hope to be able to pay a visit to their site in the coming months,” the Limerick Minister said.
Minister for Enterprise, Trade, and Employment Peter Burke added that “it is great news that North American Bancard (NAB) have chosen Limerick City as the location for their new R&D Centre of Excellence, with the creation of 54 jobs”.
“Limerick, and indeed the Mid West Region, has the optimum level of skills and talent for NAB to thrive here, and the new roles will provide excellent employment opportunities for our graduates across a number of disciplines.”
Dr Christopher Mascaro, North American Bancard’s chief risk officer, said that “it is fantastic to begin our journey on establishing a presence in Ireland, and specifically in the Limerick region”.
“This establishes a specialist R&D facility with a keen focus on addressing the global issue of payments fraud. The Limerick site represents a strategic pillar for NABs, and it would not be possible without the support of the IDA and meaningful partnerships within the city.”
