Belfast’s push to get more fintech companies to set up shop there has seen the city land another US company.
Boston-based Redline Trading Solutions has opened a new support centre in Belfast, with the promise of 20 new jobs to come.
The fintech outfit provides companies with data and solutions to help make trading decisions, with the new operation complementing offices in the US, England and Hong Kong.
The positions to be created will be “well-paid roles across software engineering, support and sales”, according to Alastair Hamilton, CEO of Invest NI.
Mark Skalabrin, Redline founder and CEO, said: “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 [making] important contacts to ensure we are able to get up and running quickly.”
Fintech is one of the many sectors that Belfast officials are prioritising in terms of job creation. Earlier this month, blockchain company Rakuten created a centre in the Northern Irish city.
This followed earlier predictions of such moves from Seamus Cushley, director of PwC.
“Blockchain is regarded by many as the second generation of the internet, and it can be just as disruptive as the invention of the internet was,” said Cushley.
“Today, Belfast is known as a cyber hub. In the near future, it will be a blockchain hub for multiple industries.”
Elsewhere, US-based firm Anomali has revealed it is to open its new European R&D lab in Belfast as part of a £38.5m investment, creating 120 jobs in the process.