The Bank of London, which claims to be the next-generation tech firm and the world’s “first” purpose-built global clearing, agency, and transaction bank, recently announced its intention “to expand its footprint in the United Kingdom by opening its Centre of Excellence in Belfast, Northern Ireland, creating 232 new jobs by 2026.”
The bank has already “welcomed 34 new colleagues – a team made up of payments leaders, software engineers, operations and other business functions – with 54 further roles already being advertised. ”
This is expected “to generate around £20 million worth of annual salaries for the local economy when all the roles are in place.”
The opening of the bank’s first UK Centre of Excellence in Belfast “brings access to a strong and deep new talent pool, excellent academic institutions, and a growing technology sector.”
The Belfast office is an exciting opportunity “to build on the successful expansion of other strategic locations and technology hubs in London and New York.”
Anthony Watson, Founder & Group Chief Executive Officer of The Bank of London, said:
“To build the future of finance, we need to be where the future is. Belfast is now the UK’s gateway city to the European Union, and this coupled with Belfast’s exceptional FinTech talent across multiple disciplines, makes it the logical choice for The Bank of London’s Centre of Excellence to power our UK expansion.”
The Rt. Hon. Lord Mandelson PC, Deputy Group Chairperson & Senior Independent Non-Executive Director of The Bank of London, said:
“During my time as Her Majesty’s Secretary of State of Northern Ireland I got to work with people from all faiths and backgrounds. The people of Northern Ireland left an indelible impression on me, and I’m delighted that our firm has selected Belfast for its Centre of Excellence”.
As covered, The Bank of London “launched 30th November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years.”
With a $1.1 billion valuation, it is “the first pre-revenue bank in history to attain ‘unicorn’ status upon debut.”
The Bank of London claims to be “a leading-edge technology company and the world’s first purpose-built global clearing, agency, and transaction bank.”
They leverage our patented technology innovations and differentiated bank capabilities “to lift economies and communities by powering the borderless economic infrastructure of the future.”
The bank has been “established to assist banks, clearing houses, digital & traditional asset firms, governments, financial services companies from local FinTechs to global institutions, payment networks and non-financial brands seeking to launch fully compliant financial products and services in-country and across-borders.”
With headquarters in London and offices in New York, The Bank of London is “a principal clearing bank of the United Kingdom authorized by the Bank of England’s Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority.”