Launch of ICT/FinTech Skills Report

9 March 2018 

Launch of ICT/FinTech Skills Report

The North West Regional Skills Forum (NWRSF) in collaboration with FastTrack to IT (FIT), launched The Skills Needs of the ICT and FinTech Sectors in the North West 2018 in Donegal ETB’s Letterkenny Training Centre on Friday March 9th. Through close dialogue with industry, the skills audit seeks to better inform the training and education providers in the region about employer requirements in relation to recruitment, training and education in order to maximise tech related employment opportunities in the North West region over the coming years.photo donegal etb

CEOs, General Managers, Technical Leads and HR Managers from twenty eight ICT/FinTech companies based in Donegal, Sligo and Leitrim, employing 11,274 people in the region, were interviewed for the research to determine their current and future needs in relation to training, education and recruitment.

The Information and Communications Technology (ICT) and converging financial and technology sectors or ‘FinTech’ sectors are among the fastest expanding industries in Ireland. The European Commission estimates that 90 percent of tomorrow's jobs will require digital skills. CSO data shows private sector ICT jobs in the North West have grown strongly adding almost 850 additional jobs, which is a growth of 72% in the seven years from 2008 to 2015.

In outlining what the FinTech sector looks like globally and in Ireland, Pramerica Ireland’s Director of Financial Services, David Roche, noted that ‘Tech is reshaping the financial industry today – this is FinTech; Forbes has estimated the global FinTech landscape reaches over 1,000 companies, with $105b in funding and $867b in value.’

Chief Executive of Donegal ETB, Anne McHugh, in welcoming the research noted that, ‘it will inform the planning and delivery of our Further Education and Training (FET) courses in this area in the coming years.’

In addition to launching the report, the Regional Skills Forum will also be forming a cluster group comprised of IT / FinTech organisations, ETBs and Higher Education Institutes. Regional Skills Forum Manager, Dr Oran Doherty stated, ‘The objective of this group will be to promote working and studying in ICT / FinTech locally. It will also support closer collaboration between industry and local ETBs and HEIs in relation to training, education, placements, guest speakers, traineeships, apprenticeships and research. This will support the introduction of new businesses in the region and a unified voice in relation to infrastructure and needs.’ This cluster group will be Chaired by Vinnie Kennedy, Senior Manage in Sita.

A similar launch took place in the MSL ETB Training centre in Sligo a week later for the Sligo & Leitrim region. Representatives from numerous local ICT organisations were in attendance. In addition, representatives from MSL ETB, IT Sligo, Ibec, IDA, Skillnets, Western Development Commission, Intreo and Sligo Chamber of Commerce attended the event. Shaun Purcell, Chief Executive MSL ETB welcomed the large crowd and highlighted the importance of the skills audit in informing training providers about the needs of industry. Other speakers included Sean Burke – Area Manager MSL ETB, David Kenny from Overstock (and Chair of the Sligo & Leitrim ICT cluster group), John Kelleher Head of Computing in IT Sligo, Peter Davitt CEO FIT Ltd, Michael Barrett Head of Business in IT Sligo and Oran Doherty, the RSF Manager

 A copy of the Report can be found ICT/FinTech Skills Report for the North West 2018.pdf (size 788.5 KB)