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Minister launches new €3m research project in Killorglin

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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.”

 

 

 

 

 

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How will our Kerry TDs vote tomorrow?

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Tomorrow, Sinn Féin will be tabling a motion of no confidence against the Government after the protests that took place nationwide during the week.

Earlier today we asked our readers how would they vote in a no confidence motion against the Government?

Most of our readers said they would vote no confidence, while some said, yes they do have confidence in the Government.

One reader said: “Vote confidence. The only proper leadership over the last few days came from government. Courage came when needed despite how unpopular it looked in the moment. By contrast, opposition politicians wanted the country to burn to suit themselves”.

Another reader stated: “No confidence. Shambolic and heavy handed handling of protests this past week”.

However, some people didn’t have any confidence in either side with a reader saying: “No confidence in the no confidence! Different wings of the same bird! We need a complete overhaul of the political system”.

We asked the question to our 5 Kerry TDs before lunch-time today, asking them what their vote will be tomorrow.

We received one reply from Sinn Féin’s Kerry TD Pa Daly.

He will be voting no confidence in the Government tomorrow along with his party.

Other media outlets are reporting that Independent TD Danny Healy-Rae is undecided at the moment.

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Town centre-based software firm marks two years in business

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A Killarney-based software company is celebrating two years in business since expanding into the European market.

QT9 Software Ltd, which is located on Bohereencaol was established in 2024 as part of the company’s move to better serve customers across Europe.

The business is part of a US-based company founded 20 years ago in Chicago by Brant Engelhart.

Its Irish office is headed by Killarney resident Angela O’Sullivan, who serves as Operations Director.

QT9 Software currently employs four full-time staff members in Killarney and plans to increase that number by an additional two this year.

The company provides quality management software to businesses worldwide, with the Irish office helping to support European customers within their own time zones.

As part of its continued European expansion, the software company also opened a new data center in Amsterdam in 2025 to meet data storage and compliance requirements.

QT9 Software works with businesses that must meet quality standards such as ISO 9001 and ISO 13485, as well as industry-specific regulations across sectors, such as automotive, aerospace, food and life sciences.

Speaking about the milestone, Angela O’Sullivan said: “We’re very proud to have grown QT9 Software here in Killarney over the past two years. It has been a really positive journey so far, and we’re looking forward to continuing to build our team and support more customers across Europe.”

The company is also currently recruiting for an IT Systems Administrator, with details available in the appointments section on page 46.

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