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Fintech 'can create signifcant employment for Northern Ireland'

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Andrew Jenkins

Andrew Jenkins

Andrew Jenkins

Northern Ireland's fintech sector has the potential create significant employment here over the next few years, it's been claimed.

Andrew Jenkins, fintech envoy for Northern Ireland, has said the sector has the potential to create a significant number of jobs in the coming years in Northern Ireland.

He addressed Stormont's Economy eommittee on fintech in Northern Ireland on Wednesday, in which he outlined the bourgeoning sector, its rapid growth potential, and the challenges which it is currently facing due to the coronavirus pandemic.

Speaking after briefing the Economy committee, Mr Jenkins said: "As we begin to plan for the economic recovery and developing an economy that is future proof, Fintech must be central to this. The resiliency, adaptability and innovation at the heart of the Fintech sector will be crucial for our economic prosperity in the coming period and I was particularly encouraged by the Committee’s understanding and desire to advance the fintech agenda.”

“The announcement by three different Fintech companies in recent weeks of new jobs is really encouraging and shows that our sector can not only sustain jobs but create them and therefore we must harness this potential.

“Interestingly, one of the recurring reasons investors give for investing in Northern Ireland is the talent on offer. There is no doubt we have some of the most talented and skilled people coming through our excellent colleges and universities, but we have more to do if we are to reach our potential. By focusing on this area and building a truly diverse and inclusive sector there is no doubt that we will remain a global leader for many years to come.”

Ulster Business