Empyrean will take up a new office space in The Half Moon Building at Lavitt’s Quay in Cork City.
Financial risk and performance management solutions for the banking industry, Empyrean Solutions has announced plans to launch a new R&D project in Cork, Ireland and the creation of 40 new job opportunities.
Located at Lavitt’s Quay and supported by the Government through IDA Ireland, the project will leverage advanced AI and machine learning techniques to deliver solutions that measure financial risk and provide insight into financial performance across several risk disciplines including financial planning, credit loss estimation, loan behaviour analysis, and finance persona-based insights.
Having launched in Ireland in 2018, Empyrean DC has operated as the core R&D hub for Empyrean Solutions, leading multiple R&D projects and focusing on strategically scaling both team size and the number of software development projects running.
Commenting on the announcement, the 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.”
