Business Person of the Month April 2021: “Ireland is a hotbed of technology talent” – Marc Murphy, founder and chief executive of Fenergo

Business Person of the Month, Irish News | Thu 29 Apr | Author – Business & Finance
Pictured: Marc Murphy, founder and chief executive of Fenergo

Marc Murphy is our Business Person of the Month April 2021, in association with KPMG. He set up Irish fintech Fenergo in 2008 to target financial institutions as customers. The company announced earlier this month that it is to create 100 new jobs in Dublin.

Marc Murphy set up Irish fintech Fenergo in 2008 to target financial institutions as customers. The company has developed technology solutions that enable financial institutions to digitally transform their end-to-end client lifecycle processes, deliver digital customer journeys, and manage regulations introduced as a result of the global financial crisis. In recent years it has expanded into helping clients in areas such as asset and wealth management.

The company announced earlier this month that it is to create 100 new jobs in Dublin, bringing total headcount across the group to nearly 1,000 people. The fintech currently employs 400 people in Ireland, with another 450 employed outside of the country.

“Ireland is a hotbed of technology talent, and we are committed to creating an attractive working environment that fosters career development and technological innovation,” Mr Murphy said in a statement.

Ireland is a hotbed of technology talent, and we are committed to creating an attractive working environment that fosters career development and technological innovation

He continued: “Fenergo has experienced another fantastic year for growth. Financial institutions globally are fast-tracking the switch to digital, and are keen to reap the benefits of cloud, a technology previously regarded by the industry with caution As we respond to the needs of the market we are on the lookout for experts in engineering and product who will be pivotal in driving our cloud strategy. They will have the opportunity to develop next-generation cloud solutions that will transform some of the world’s largest financial institutions while working alongside our best-of-breed technology partners such as AWS, Salesforce and IBM.”

Fenergo’s customers include BBVA, ABN Amro, Bank of China, UBS, State Street, Royal Bank of Canada, UBS and Mizuho. The company had a turnover of €78.3 million for the 12 months ending March 31st, 2020. Mr Murphy forecast revenues of around €95 million for the year ending March 2021.

Business & Finance, Business Person of the Month

Business Person the MonthBusiness & Finance, in association with KPMG, rewards excellence in business through the ‘Business Person of the Month’ award. This award seeks to recognise noteworthy achievements in business leadership, and, particularly, those that make a telling contribution to the wider business community in Ireland.