Infosys sets up in Dublin following AIB services deal
Financial systems vendor Infosys is setting aside $10 million for Irish start-ups in the wake of being selected as a strategic partner by the Allied Irish Banks financial services group.
Infosys will also set up a facility in Dublin to house up to 200 staff. Some of these will be transferring from AIB while others will be appointed locally for other activities. As a strategic partner Infosys will provide AIB with application development and management, and transformation and innovation services.
“Our relationship with AIB is the platform that allows us to create a new relationship with Ireland and its people. We are delighted to welcome the AIB teams that will transfer to Infosys,” said. Mohit Joshi, executive vice president, global head of financial services at Infosys. “Our investment in the Irish start-up community reflects our belief that Ireland is a strong and vibrant nation, home to entrepreneurs who share our vision of technology as a way to drive growth. We will leverage our broad experience in financial services and other industries to support the digital transformation journey and strategic growth plans of AIB.”
The $10 million start-up funding will come from the $500 million global Innovation Fund Infosys announced earlier this year.
