Polaris Financial Technology Ltd has upgraded its existing Belfast base to a Research, Innovation and Development Centre (RIDC).
The Chennai-based company, which provides technology for the financial services industry, announced the launch today in association with UK Trade and Investment (UKTI) as part of its plan to strengthen its overseas presence.
Speaking on the occasion, Bikash Mathur, head of Europe Business for Polaris, said: “Our Belfast Centre is central to our expansion plans in Europe as it enables us to work closely with our customers to manage their business outcomes.
"Our choice of Belfast to locate our near shore centre was determined by the cost of operations and availability of skilled talent in the area, very vital to the complex financial services world that we operate in.
“With active collaboration with the UKTI, the Belfast RIDC would be able to bring in our powerful banking and insurance technology solutions for mission critical engagements and transformational outsourcing programs for the European financial institutions."
Commenting on Polaris’ expansion in Belfast, Prime Minister David Cameron said: “It’s great to see Polaris expanding in Northern Ireland with the introduction of new innovative computing services and creating new jobs in Belfast.”