Belfast’s Fintech sector attracts new US investor

Invest NI CEO Alastair Hamilton with Redline founding CEO Mark Skalabrin
Invest NI CEO Alastair Hamilton with Redline founding CEO Mark Skalabrin

Belfast’s reputation as a centre for Fintech services has been given a boost with the announcement that another US provider is to set up in the city.

Redline Trading Solutions, is to create 20 new jobs after choosing Belfast as the location of its new global support centre.

The announcement came while Alastair Hamilton, CEO, Invest Northern Ireland visited the company in Massachusetts during a weeklong US visit programme.

Mr Hamilton is visiting New York, Boston and Toronto to meet with potential investors.

“I am delighted to be able to make this announcement while visiting the company here in the US,” he said.

“Once again our reputation as a great place to do business has secured another new inward investor. Redline provides financial technology services, with its customers including four of the top five leading investment banks.

“The company has chosen Belfast as the location of its new Global Support Centre over its other global locations in Great Britain, Republic of Ireland and Asia.

“These are well paid roles across software engineering, support and sales. The team in Belfast will be solely focused on developing Redline’s global support services.”

Invest NI has offered £100,000 towards the project.

Redline founder and CEO, Mark Skalabrin said: “Our vision is to build intelligent trading solutions with performance and reliability unmatched in the industry.

“By combining customer needs, industry trends, and emerging technologies, we are providing innovative solutions that help our customers to succeed in an ever-changing market.

“The new support centre in Belfast will be core to our growth, not only supporting our existing client base, but also in enabling us to capitalise on opportunities in Europe.

“We are very grateful for Invest NI support, and for their help in understanding the local market and make important contacts to ensure we are able to get up and running quickly.”