Connect with us

News

Minister launches new €3m research project in Killorglin

Published

on

ANNOUNCEMENT: Minister for Finance, Public Expenditure and Reform, Paschal Donohoe TD was at Fexco Headquarters in Killorglin to launch FINTECHNEXT. From left: Dr Ciar‡n Seoighe (Deputy Director General, Science Foundation Ireland), Denis McCarthy (CEO Fexco) and Professor John O'Halloran (Deputy President UCC). Photo: Valerie O'Sullivan

Minister for Finance, Public Expenditure and Reform, Paschal Donohoe TD was in Killorglin on Friday last to launch FINTECHNEXT – a new €3 million research project which will run for four years from 2019 to 2022.

The project is a financial technology (fintech) research collaboration between technology company FexcoUniversity College Cork (UCC) and Science Foundation Ireland (SFI).

The €3 million investment in the project will be provided by Science Foundation Ireland and Fexco in equal parts, with critical knowledge and expertise provided by researchers at the Cork University Business School (CUBS) within UCC.

The collaboration will see a team of 12 newly appointed researchers led by UCC, partner with Fexco in the delivery of applied and funded research dedicated to disrupting three key fintech verticals; Treasury and FX, Digital Taxation, and Corporate Asset Administration.

The research team will be co-located between Fexco Headquarters, where the company already employs over 1,000 of its global 2,300 strong workforce, and UCC. This collaboration, led by Professor Philip O’Reilly of CUBS, aims to stimulate the joint development of innovative solutions that will put Ireland on the world map as a fintech innovation hub. In July 2018, Fexco announced plans to recruit 175 additional high-skill staff to expand its research, development and information technology capabilities.

“Investment in research is key to developing and delivering the next generation of products, services and innovations that will disrupt the fintech sector, an industry that has been critical to the continued growth and development of the south west of Ireland and of Fexco,” Denis McCarthy, CEO Fexco, said.

“Fexco will enjoy a dual benefit from this project, the first is the opportunity to be at the forefront of identifying new trends and technologies that could create new markets for our business and the second in welcoming a team of world-renowned research experts to the organisation. Fexco’s staff, including myself, stand to learn a huge amount from them, and I want to wish all of the partners in FINTECHNEXT every success.”

 

 

 

 

 

Continue Reading
Advertisement

News

“Avoid the Ballycasheen area of Killarney” Kerry County Council

County Kerry is now bearing the full brunt of Storm Barra and the Kerry Severe Weather Coordination Team reminds everyone that a Status RED weather warning, the highest such warning, remains in place for Kerry until 9pm. Kerry County Council is advising people to avoid the Ballycasheen area of Killarney Due to the significant risk […]

Published

on

0216728_Mucxkross_roaDS.jpg

County Kerry is now bearing the full brunt of Storm Barra and the Kerry Severe Weather Coordination Team reminds everyone that a Status RED weather warning, the highest such warning, remains in place for Kerry until 9pm.

Kerry County Council is advising people to avoid the Ballycasheen area of Killarney

Due to the significant risk to life and property, members of the public should remain indoors and not travel for the rest of the evening. Everyone is advised to follow updates on weather warnings from Met Éireann as well as the local media and social media.

There are an increasing number of roads closed or blocked because of fallen trees, electricity poles and spot flooding. Council crews will respond to issues when it is safe to do so and with the assistance of other agencies where required.

The N71 road at the Suspension Bridge in Kenmare remains closed to traffic as does the N70 Tralee to Castlemaine Road at the hairpin bends. There are a significant number of local and regional and local roads blocked or partially blocked by fallen trees, electricity poles and debris in all parts of the county so travel should be avoided.

The Ballycasheen Road in Killarney and Main Street in Ballybunion (and the surrounding area) should be avoided due to concerns about potential falling debris.

The Council’s emergency contact number is 066 7183588 and it will be operational through this evening and tonight.

Fallen electricity wires/poles and power outages should be reported to ESB Networks on 1800 372 999.

Attachments

Continue Reading

News

Muckross Road reopened after fallen tree cleared

By Sean Moriarty Muckross Road was closed earlier today on the approach to the Muckross Park Hotel. A tree had been blown over by Storm Barra and is blocking the road at the Muckross Abbey entrance to the National Park. Killarney Gardai have confirmed that the road is re-open. Kerry County Council and the ESB […]

Published

on

0216710_Mucxkross_roaDS.jpg

By Sean Moriarty

Muckross Road was closed earlier today on the approach to the Muckross Park Hotel.

A tree had been blown over by Storm Barra and is blocking the road at the Muckross Abbey entrance to the National Park.

Killarney Gardai have confirmed that the road is re-open.

Kerry County Council and the ESB are aware of the incident.

“Electricity wires are tangled up in that one so ESB will have to attend,” a Council spokesperson told the Killarney Advertiser. “We can only clear these issues when it is safe to do so.”

Attachments

Continue Reading

LOCAL ADS

Last News

Advertisement

Sport

Trending