BNY Mellon to create 30 jobs at new global digital R&D hub in Dublin
US bank BNY Mellon is to create 30 jobs by the end of 2025 following the opening of a new digital research and development Hub in Dublin to drive innovation in the areas of artificial intelligence (AI), machine learning, and data analytics.
The development includes an initial €8 million investment, with support from IDA Ireland, to strengthen BNY Mellon’s role as a leader in developing AI technologies and expand on existing technology capabilities located in Ireland.
“Delivering innovative solutions for clients has been at the heart of BNY Mellon’s long and proud history in Ireland for almost three decades,” said Paul Kilcullen, BNY Mellon CEO of funds services Ireland and Ireland country manager. “This investment reinforces BNY Mellon Ireland’s position at the leading edge of financial services research and development and helps cement Ireland’s position at the forefront in driving innovation in the financial services sector globally.”
“Today’s announcement of a new Digital R&D Hub in Dublin is a great sign of commitment by BNY Mellon to their Irish operation,” said Michael Lohan, CEO of IDA Ireland. The decision to create 30 specialist digital roles here is a vote of confidence in the talent and skillset that they have found in Ireland on their journey so far.”
Developers in Ireland recently contributed to BNY Mellon’s predictive analytics for trade settlement, which uses AI and other innovative technologies to help the industry better predict settlement failures. The initiative was recently recognised at the prestigious Gartner’s Eye on Innovation Awards.
BNY Mellon’s employees in Dublin, Cork and Wexford offices work to deliver a broad range of services to traditional and alternative asset managers, banks, pension funds, insurance companies and corporates, including asset servicing, alternative investment services and corporate trust.
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