Economy Minister has announced that Belfast
company Fern Software has secured two multi-million pound
contracts in Singapore.
Fern Software provides cutting-edge software solutions for the
financial services sector.
The contracts, with Singapore Police and the Singapore Government
Staff Credit Co-operative Society, were announced following the
Minister's all-Ireland trade mission to Singapore last week
alongside Invest Northern Ireland, Enterprise Ireland and IDA
Ireland.
Minister Murphy said: “The success of Fern Software in
securing these multi-million pound contracts highlights the vast
opportunities available to companies from the north, both in
Singapore and across the wider Asia-Pacific region. Singapore is
a global hub for financial services, and it's inspiring to see
companies like Fern Software leading the way with its innovative
solutions.
“Last week, I was in Singapore with seven local fintech
companies, supporting their efforts to increase their exports and
forge valuable relationships in the region. Fern Software's
achievement is a testament to the ability of our local companies
to compete on the international stage.”
The contracts will see Fern Software's advanced banking platform,
including its award-winning Quantum AI solution, deployed by the
Singapore Police and the Singapore Government Staff Credit
Co-operative Society.
John McGucken, MD at Fern Software said: “Securing these two
contracts marks a significant milestone for us in Singapore,
reflecting our growing footprint in this vital market.
“Our Quantum AI and core banking solutions are reshaping the
landscape for co-op societies, enhancing their efficiency and
empowering them to serve members with even greater impact. These
new partnerships open exciting opportunities for Fern Software's
future growth, both in Singapore and across the wider Asia
Pacific/Middle East/Africa (APMEA) region. We're committed to
delivering top-tier financial technology and expanding our reach
to drive real value for clients worldwide.”
Founded in 1979 and headquartered in Belfast, Fern Software has
grown into a global company with offices across six countries,
including Singapore, where it has operated since 2014. The
company's innovative software is used by financial institutions
in more than 35 countries, serving millions of customers
worldwide.
Invest NI's CEO, Kieran Donoghue, added: “Fern Software has
established a strong reputation in Singapore over the last decade
and more recently has utilised the expertise of our in-market
team which has offered guidance and support to help it meet local
market requirements.
“These contracts highlight the value of targeted, in-market
assistance in accelerating growth for Northern Ireland companies
in competitive global markets and show the substantial outcomes
that can be achieved with the right strategic support.”
