North American Bancard LLC., a U.S.-based leader in fintech solutions, has today announced it will create 54 jobs in Limerick City. This centre of excellence will be responsible for developing the company’s portfolio of next-generation risk management products and services.
Headquartered in Troy, Michigan USA, North American Bancard is re-imagining the payment experience. As a leading payment technology innovator, NAB has a diversified product platform that provides a modern end-to-end infrastructure to enable globally preferred payment types. NAB’s superior solutions deliver seamless payment experiences in mobile, e-commerce, and in-store environments. Serving hundreds of thousands of businesses and with over $100 billion per year in electronic transaction volume, NAB delivers functional, feature-rich and frictionless solutions for the evolving merchant economy.
This project is supported by the Irish Government through IDA Ireland.
Minister for Enterprise Trade & Employment Peter Burke TD said, “It is great news that North American Bancard (NAB) have chosen Limerick City as the location for their new R&D Centre of Excellence, with the creation of 54 jobs. NAB is a leading Fintech solutions and payment technology innovator, providing next-generation risk management products and services. Limerick, and indeed the Mid-West Region, has the optimum level of skills and talent for NAB to thrive here, and the new roles will provide excellent employment opportunities for our graduates across a number of disciplines. Ireland has a thriving Fintech ecosystem where we have a track record of supporting the biggest Tech and Financial Services companies in the world for decades, and this new announcement by NAB reinforces this. I wish all the team in NAB the very best in this new and exciting chapter.”
Minister for Research, Innovation and Science, Patrick O’Donovan TD said, “As a proud Limerick person, I know how fertile a landscape we have here for talent, innovation and commerce. This investment by NAB in the Mid-West is further recognition of that talent, and their arrival to Limerick city will provide a significant boost to the wider local economy. Limerick is the perfect base for an industry of this kind. Risk management solutions are important for us all, as we increasingly rely upon financial institutions to be resilient and withstand attacks. I look forward to the arrival of the NAB team and hope to be able to pay a visit to their site in the coming months.”
“It is fantastic to begin our journey on establishing a presence in Ireland, and specifically in the Limerick region. This establishes a specialist R&D facility with a keen focus on addressing the global issue of payments fraud. The Limerick site represents a strategic pillar for NABs, and it would not be possible without the support of the IDA and meaningful partnerships within the city,” said Dr. Christopher Mascaro, Chief Risk Officer, of North American Bancard.
“As a company, NAB strives to provide state-of-the-art payments solutions that meet the needs of all our partners and merchants, across a wide spectrum of industries. Ensuring that our partners are protected in an ever-evolving landscape of fraud is a critical step in the journey.”
North American Bancard plans to invest in establishing an enterprise risk management solution for payment solution providers and financial institutions which will rely on highly scalable cloud-based architecture, real-time event processing, data lakes, AI-based decision frameworks and an intuitive case management system.
Executive Director of IDA Ireland Mary Buckley said, “North American Bancard’s decision to establish operations in Limerick is a significant and ambitious addition to the thriving technology-led cluster of companies in the Mid West. This move underscores the region’s exceptional talent and technical capabilities, further elevating its profile as a hub for payment investments and advanced R&D initiatives. I wish North American Bancard every success with this project.”
(Source: IDA Ireland)
