Fenergo - an Irish FinTech firm which makes Client Lifecycle Management software used by banks - has announced that it will create 200 new jobs.

This will bring the Dublin-based company's total workforce to 500.

The positions are spread across product management, software engineering, implementation, consulting, and marketing.

Recruitment has already begun and these positions are expected to be filled during the next 12 to 18 months.

The new jobs are supported by Enterprise Ireland and will principally be based at Fenergo’s headquarters in Dublin Docklands.

Speaking at the jobs announcement event, Marc Murphy, CEO, Fenergo, said, "I am delighted to announce the creation of 200 new high value jobs for the Irish economy. The demand for Fenergo’s Client Lifecycle Management technology solutions is global and immediate, driven by regulatory change and banks’ desires to be able to comply fully with new and enhanced regulations, whilst achieving operational cost efficiencies and delivering superior client experiences.

"We anticipate continued significant growth across all of the regions we serve – Americas, Europe, UK, APAC and the Middle East – over the next 36 months... To help us meet this global demand, we are looking for the smartest, most dedicated and talented people to join the team to help us continue to improve this world-class business that we have built. " he continued.

The company hopes to have an IPO by 2020 - its year-on-year growth has averaged more than 100% for each of the past five years.

Julie Sinnamon, CEO of Enterprise Ireland, said: "We have been working with Marc and the team in Fenergo since 2009. Fenergo is fast becoming the industry standard for Client Lifecycle Management solutions for banks across the world and is a great example of an Irish Fintech company with global ambition. Our ambition is to help more Irish companies like Fenergo to compete and win sustained business in overseas markets."