BNY Mellon to establish digital R&D hub

BNY Mellon is to establish a digital R&D hub in Dublin that will drive innovation in the areas of AI, ML, and data analytics. The development includes an initial EUR8m (USD8.5m) investment, with support from IDA Ireland. The investment will also lead to a more than doubling of the digital team in Dublin and the initial creation of 30 specialist jobs by the end of 2025.

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