For Immediate Release
18th March 2022
Fidelity Investments strengthens its Irish research capability with investments in collaborations with Insight SFI Centre
The Insight SFI Research Centre for Data Analytics and global financial services company Fidelity Investments have a long running research relationship which is an excellent example of the value Irish research centres can bring to industry research and development.
Fidelity Investments is currently working with Insight in three key areas: knowledge graphs, natural language inference and computer vision. Insight researchers are working on three separate Fidelity projects in sites at NUI Galway and DCU.
Insight’s Chief Executive Officer, Professor Noel O’Connor said, “It’s wonderful to see our ongoing engagement with Fidelity continue to go from strength to strength, given the importance of this industry sector to the Irish economy. It is important that we continue to set the standard for how world class research can advance the state of the art in financial services, ensuring Ireland’s leadership in this arena into the future.”
As Ireland is now the eighth largest exporter of financial services in the world, R&D collaborations serve to strengthen the relationship between Ireland and the global companies that work from here.
Fidelity Investments Ireland’s Senior Vice President and Head of Technology, Lorna Martyn, sees benefits for both enterprise and academia in these collaborations: “The ecosystem in Ireland provides a unique opportunity for mutually beneficial collaboration between business and academic centres such as Insight. The combination of business and research expertise is truly symbiotic in surfacing progressive applied opportunities.”
Fidelity Investments is also supporting two SFI Industry Fellowships involving researchers in Insight NUI Galway.
Dr Siobhan Roche, Director of Science for the Economy at Science Foundation Ireland, said “I am delighted to welcome the deepening of the research partnership between the Insight SFI Research Centre for Data Analytics and global FinTech leader, Fidelity Investments. This is an excellent example of the value delivered by the Irish SFI Research Centres network, which supports transformative research, driving the development of innovative public – private partnerships. This activity is playing an important role in the global success of some of the world’s most dynamic companies and helping to futureproof the pipeline of inward investment into Ireland in the future.”
Professor Ed Curry, Director of Insight@NUI Galway said, “Our relationship with Fidelity shows what’s possible when business and industry collaborates with a Centre like Insight. We have deep and wide-ranging expertise as you can see from the three very different projects mentioned. The relationship has been long and fruitful, and we hope it will continue into the future.”
Insight SFI Research Centre for Data Analytics
The Insight SFI Research Centre for Data Analytics is one of Europe’s largest data analytics research organisations, with over 450 researchers, more than 80 industry partners and €100+ million in funding. Its research spans Fundamentals of Data Science, Sensing and Actuation, Scaling Algorithms, Model Building, Multi Modal Analysis, Data Engineering and Governance, Decision Making and Trustworthy AI.
Insight is made up of four host institutions at DCU, University of Galway, UCC and UCD. Insight’s partner sites are Maynooth University, TCD, Tyndall and UL.
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $11.8 trillion, including discretionary assets of $4.5 trillion as of December 31, 2021, we focus on meeting the unique needs of a diverse set of customers. Privately held for 75 years, Fidelity employs more than 57,000 associates who are focused on the long-term success of our customers.
In 1996 Fidelity created its first global footprint in Ireland. Our work at Fidelity Ireland is critical to the global organisation, delivering essential technology, operations and support services. A committed voice for diversity and inclusion, we’ve worked hard to create an energized and vibrant workplace, filled with opportunity. We’re home to a welcoming, multi-cultural team of creative thinkers — working hand-in-hand with our colleagues in the U.S., Europe and India.
For more information about Fidelity Investments, visit fidelityinvestments.ie