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Dodds announces 100 new jobs in first investment by US firm Riskonnect

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Press Eye - Belfast - Northern Ireland - Tuesday 10th March 2020 - Press release image Economy Minister Diane Dodds pictured with Kevin Holland Invest NI CEO and Andrea Brady, Chief Marketing Officer, Riskonnect. Photo by Kelvin Boyes / Press Eye

Economy Minister Diane Dodds has announced that Atlanta-headquartered risk management firm Riskonnect is creating 100 new jobs with a new FinTech Centre in Belfast.

The Minister met the company on the second day of her visit to the USA. Speaking in New York, the Minister said: “Riskonnect is a global leader in integrated risk management and this project represents a significant investment into the Northern Ireland economy, secured with Invest NI support.

“Riskonnect is offering roles for Engineers and Developers. These are well paid roles and the company has already recruited 25 of the positions. These are high quality jobs contributing over £3million in additional annual salaries to the Northern Ireland economy.”

Riskonnect provides technology solutions to over 900 customers around the world to help them anticipate, manage, and respond in real-time to strategic and operational risks.

Kevin Holland, Chief Executive of Invest Northern Ireland added: “This announcement follows recent investments by US companies including Aflac, Contrast Security and ESO, and further demonstrates our ability to attract global businesses.

“We are a significant player in the global fintech sector. Indeed, Belfast was recently ranked third (after London and Singapore) overall in fDi magazine’s Fintech Location of the Future for 2019/20. Invest NI will support the company with expert advice and an offer of £416,000 towards the creation of the jobs.”

The Belfast team will support the company’s global operations and provide it with the capability to facilitate ambitious growth plans.

Jim Wetekamp, Riskonnect’s CEO said: “We are making this major investment in response to an increase in demand for our services. Northern Ireland’s burgeoning fintech sector, together with a dynamic and highly educated workforce, makes Belfast an obvious choice for us.

“We were highly impressed by the local talent offering and by the strong links forged between industry and universities. We are confident that we can find the workforce we need amongst Northern Ireland’s talent base to support our ambitious global strategy.”

Riskonnect has offices in the US, London and India and this investment comes during a successful expansion period for the firm, following its acquisition of Marsh ClearSight in 2018.

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