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07/11/2018
Vox Financial Partners Develops New Software
FinTech consultancy Vox Financial Partners has developed new software that will improve efficiencies in the global financial services industry post Brexit.
The Belfast based banking technology and consultancy firm plans to double its team by 2020 to support business growth and roll out a product solution to delivering over-the-counter (OTC) derivative contracts.
Vox advises on regulatory changes and requirements in North America and Europe. The business helps Tier one and Tier two banks to plan and deliver major change projects. Its new product, Opal, digitises contract information and will enable its customers to create and update contracts with ease, minimising the time and cost taken to conclude negotiations.
With future business expected to ramp up considerably, doubling our workforce is a significant commitment for the business and one which will help us achieve our export targets. Research and development assistance from Invest Northern Ireland is enabling us to leverage this new area of revenue within OTC derivative contracts, which is a billion dollar industry.
Terry Robinson, CEO, Vox Financial
Terry Robinson, CEO of Vox Financial, said:"We recognised a gap in the financial trading markets for software that would safeguard data quality and help our customers deliver the repapering of thousands of contracts for their clients. This will be particularly valuable to our target audience following the UK’s exit from the European Union.
"With future business expected to ramp up considerably, doubling our workforce is a significant commitment for the business and one which will help us achieve our export targets. Research and development assistance from Invest Northern Ireland is enabling us to leverage this new area of revenue within OTC derivative contracts, which is a billion dollar industry."
Invest NI is also supporting Vox Financial to recruit six additional staff and undertake market development activities. The roles include Consultants and Regulatory Change Analyst positions and recruitment is underway.
The Belfast based banking technology and consultancy firm plans to double its team by 2020 to support business growth and roll out a product solution to delivering over-the-counter (OTC) derivative contracts.
Vox advises on regulatory changes and requirements in North America and Europe. The business helps Tier one and Tier two banks to plan and deliver major change projects. Its new product, Opal, digitises contract information and will enable its customers to create and update contracts with ease, minimising the time and cost taken to conclude negotiations.
With future business expected to ramp up considerably, doubling our workforce is a significant commitment for the business and one which will help us achieve our export targets. Research and development assistance from Invest Northern Ireland is enabling us to leverage this new area of revenue within OTC derivative contracts, which is a billion dollar industry.
Terry Robinson, CEO, Vox Financial
Terry Robinson, CEO of Vox Financial, said:"We recognised a gap in the financial trading markets for software that would safeguard data quality and help our customers deliver the repapering of thousands of contracts for their clients. This will be particularly valuable to our target audience following the UK’s exit from the European Union.
"With future business expected to ramp up considerably, doubling our workforce is a significant commitment for the business and one which will help us achieve our export targets. Research and development assistance from Invest Northern Ireland is enabling us to leverage this new area of revenue within OTC derivative contracts, which is a billion dollar industry."
Invest NI is also supporting Vox Financial to recruit six additional staff and undertake market development activities. The roles include Consultants and Regulatory Change Analyst positions and recruitment is underway.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
