Two companies - Taxback International and fund management services provider Carne - have today announced new jobs for Kilkenny. 

Taxback International has announced the creation of 80 new jobs at its Kilkenny headquarters to deal with increased demand from its Irish and global customers.

Park of the Taxback Group, the company operates in the fintech sector and is a global provider of VAT recovery services. Its customers include Electrolux, Honeywell, Mondelez and Bloomberg.

Within the last 12 months, the company has opened new sales offices in Australia, China, Japan, UK and US.

It has also relocated to four larger processing and operations locations in Europe.

"VAT recovery is becoming an increasingly important service to businesses worldwide as companies look to increase their bottom line, which is why demand for our service is growing at a rapid pace," commented the company's chief commercial officer Catherine Quirke.

Ms Quirke said today's jobs announcement is a testament to the company's continued commitment to Kilkenny and Ireland as a place to do business.

Julie Sinnamon, CEO of Enterprise Ireland, said that Ireland is a hub for fintech innovation and as a key sector, Enterprise Ireland is focused on supporting fintech companies with global ambition to grow their businesses in international markets while creating employment at home.

"I am delighted to see Taxback International's continued progress over the last few years giving rise to further investment and additional jobs which is a great boost for Kilkenny as well as the wider region," the CEO added.

Meanwhile, fund management services provider Carne has said it will hire up to 50 staff at a new regulatory technology, development and operations centre in Kilkenny.

Carne is expanding to meet the market demands created by the Brexit vote in the UK.

The new jobs, which are supported by Enterprise Ireland, include management and graduate positions in compliance, risk management, technology and operations. 

The company has more than 400 clients and already employs 150 people.

Carne is experiencing rapid growth due to greater regulation and increasing demand from investors for independent oversight of assets. 

The company said the expansion will allow it to further strengthen its client offering in the investment fund governance solutions sector.

Carne, founded by businessman John Donohoe in 2004, now has nine offices in Ireland, the US, Luxembourg and the UK serving the fund management industry.

Mr Donohoe said the Kilkenny office will be one of Carne's centres of excellence for its bespoke regulatory technology, development and operations teams.

"The independent fund management solutions business is growing, fuelled by a combination of factors such as cost pressures in the asset management industry, growing regulation and demand for greater oversight," Mr Donohoe said.  

"Most notably, as Brexit approaches, UK asset managers will need to make alternative arrangements to future proof the management of their EU products. This presents opportunity for Ireland and Carne is scaling up in part to ensure it is sufficiently prepared to meet market demands dictated by Brexit," he added.