Irish fintech player Sentenial is to hire 110 extra staff as the run-up to SEPA gives its business a boost.

Sentinial has added 100 people in the past 12 months, giving it a total 160 employees. 30 of the new roles will be advertised before Christmas, with the rest to follow before the end of next year.

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Sentenial CEO Sean Fitzgerald said: "The expansion we’re announcing today will help support the rapid growth we have experienced in 2013 and the pipeline of opportunities in coming months.

"I am very proud to have built a successful indigenous Irish technology business from a start-up in 2003, into a rapidly growing business at heart of the European payments system."

Fitzgerald said that as companies realise the SEPA deadline is just months away, they are seeking Sentenial’s expert advice to get ready.

Sentenial’s banking clients in Europe now include Bank of America, ING, AIB and Bank of Ireland. Business customers include insurance group 123.ie, telecoms company Digiweb and credit card company Barclaycard.

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Fitzgerald warned that businesses closer to home may not be ready for the deadline.

He said: "While banks and large companies have invested in upgrading their systems, many SMEs in Ireland have not made adequate preparation, and could have an unpleasant surprise on 1 February finding that they are unable to pay suppliers and staff, or receive payments from customers."

 

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