A US software company has announced a major expansion at its new office in Cork. Empyrean Solutions, which specialises in banking industry software, is planning to create tens of new jobs in the coming year.
The financial tech company has a new office space at The Half Moon Building on Lavitt’s Quay and is expecting major growth as it launches a new Research and Development project, focused on “next-generation” AI and Machine Learning.
Empyrean launched in Ireland in 2018, and Ireland has been a core R&D hub.
The Half Moon Building, Cork(Image: JCD Group)
The company, which works with banks and credit unions, plans to grow its staff headcount by 40 over the next few months, with jobs in financial planning, credit loss estimation, loan behaviour analysis, and finance persona-based insights.
Paul Leahy, Managing Director of Empyrean Ireland, said: “Empyrean is thrilled to embark on this R&D initiative with IDA Ireland. This project represents a significant step in our mission to empower the dynamic CFO.
“By combining advanced AI and machine learning with our financial risk and performance platform, we’re equipping finance leaders with the tools they need to operate with greater insight and confidence in an increasingly complex regulatory environment.
“We’re grateful for the support of IDA Ireland and the Irish Government as we build solutions that will make an impact for banks and credit unions.”
CEO of IDA Ireland, Michael Lohan, said: “IDA Ireland is pleased to support Empyrean Solutions as it develops next-generation AI and machine learning capabilities in Cork. Projects like this strengthen Ireland’s position as a leading location for data-driven product development and financial services innovation.”