Up to 140 new jobs will be created over the next three years in Birmingham after a financial technology firm opened a new hub in the city centre.
Lombard Risk Management has today launched its new technology centre in Alpha Tower from where it will develop and produce a new generation of of 'fintech' products.
The company said it was attracted by Birmingham's talent pool and picked the city over a number of other international options it was considering.
Its new base here will allow it to have a centre within easy reach of its London HQ and enable developers to work closely with key businesses.
Financial technology, or 'fintech', involves companies using technology to make financial services and products.
Lombard Risk was founded in 1989 and also has offices in New York, Hong Kong, Shanghai, Singapore and Tokyo alongside service centres in Europe, the US and Africa.
Its clients include banking businesses, investment and insurance firms, asset managers and large corporations worldwide.
Chief technology officer Mike Payne said: "This is an exciting opportunity for Lombard Risk, an opportunity to establish a first-class development centre using the most up-to-date technologies and methods.
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"Lombard Risk has a long history of developing innovative financial software and the opening of this centre will continue that tradition as we build the next generation of our products.
"Lombard Risk aims to be the employer of choice in Birmingham developing first-class software demanded by our clients.
"Birmingham is a fantastic city with world-class universities nearby and a rich pool of talented technologists, it was an obvious place for us to invest in."
Nicola Hewitt, commercial director of inward investment agency Marketing Birmingham, added: "Lombard Risk's decision to invest in Birmingham is fantastic news for the fast-growing fintech economy of the city.
"Birmingham has become a thriving hotspot for both the technology and finance sectors, already home to major investors including HSBC and Advanced.
"Lombard Risk has chosen Birmingham over a number of other international locations.
"This is testament to the strength of the region's talented digital workforce and its centrally connected transport links - both cited as key reasons behind the firm's expansion into the region."
Recruitment agency Outsource 海角视频 and property consultancy Cushman & Wakefield worked with Lombard Risk on the launch in Birmingham.