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Official Opening of State Street Advanced Technology Centre by Minister Eoghan Murphy T.D.

Posted on: 02 Dec 2016

Official Opening of State Street Advanced Technology Centre by Minister Eoghan Murphy T.D.
Pictured left to right – Minister Eoghan Murphy T.D., Professor Ciaran Murphy (UCC), Tadhg Young (State Street)

The State Street Advanced Technology Centre lab was officially opened in University College Cork (UCC) on Friday 2nd of December by Eoghan Murphy T.D., Minister of State with Special Responsibility for Financial Services. The lab will initially focus on emerging technologies and how they impact on the financial services industry, and it builds on State Street’s long-standing relationship with UCC and further strengthens the role of R&D in the financial services area.

“The State Street Advanced Technology Centre in UCC is an exciting new initiative that will enable us to better understand emerging technologies and their impact on our businesses and our clients,” said Tadhg Young, Head of State Street Global Services Ireland. “Ireland has developed a solid track record of stimulating multiple exciting products and services in the Fintech space, this partnership will enable us to expose and leverage these opportunities in the future”.

Officially opening the lab, Eoghan Murphy T.D., Minister of State with Special Responsibility for Financial Services, commented, “I am delighted to open the State Street Advanced Technology Centre today. This new centre is another milestone in State Street’s long-standing and productive relationship with UCC, and illustrates the pivotal role of R&D in the increasing levels of specialisation and innovation in financial services.”

Professor Ciaran Murphy, Dean of Cork University Business School, UCC said, “The State Street Advanced Technology Centre is a major development in our long running engagement with State Street Ireland, USA and China. This collaboration is very well positioned to support the research needs of State Street and their partners. We are confident that the centre will create a unique global research experience for our students and will help Ireland to be at the forefront of Fintech research.”

The Advanced Technology Centre lab houses ten research Masters students with the capacity to expand to 20 in the future. The research is focused on key areas including State Street Ireland, USA and China

Hosting the ceremony were Professor Ciaran Murphy, Dean of Cork University Business School, UCC; and Tadhg Young, Head of State Street Global Services Ireland.