North American Bancard (NAB), a US fintech company, has selected Limerick for its new center of excellence, which will create 54 new jobs.
The facility will focus on developing next-generation risk management products and services, supported by IDA Ireland.
The new roles will include product managers, system architects, user experience designers, and developers.
Chief risk officer at NAB Dr Christ Mascaro said the Limerick location facility will have a “keen focus on addressing the global issue of payments fraud”.
He added: “The Limerick site represents a strategic pillar for NAB, and it would not be possible without the support of the IDA and meaningful partnerships within the city.”
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Founded in 1992 and headquartered in Troy, Michigan, NAB provides payment technology and handles over $100 billion (€93 billion) in transactions annually.
Enterprise Minister Peter Burke said this investment by NAB reinforces Ireland’s “thriving Fintech ecosystem”.
Executive director of IDA Ireland Mary Buckley said the investment “underscores the region’s exceptional talent and technical capabilities”.
