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Employees at the new development centre will provide technology services to Infosys' global and Ireland-based clients in the financial services industry.
Infosys on Monday said it aims to create 250 new jobs over the next three years in Ireland to develop new technologies and support innovation in global financial institutions.
The new roles are in addition to more than 250 employees that are already working for Infosys in Ireland.
The new project has been supported by the Department of Jobs through IDA Ireland.
"The expansion will see Infosys create up to 95 roles at its first dedicated product-centric research and development centre outside India, and open a second Irish facility to house up to 155 people who will provide IT services to Infosys clients," Infosys said in a statement.
The highly skilled technology roles at the R&D facility, which will be established by EdgeVerve Systems (Infosys' product subsidiary), will focus on FinTech research and development, it added.
The centre will operate an open innovation model, working closely with customers, technology partners, academic institutions and the start-up community in areas of technology like blockchain and analytics.
Employees at the new development centre will provide technology services to Infosys' global and Ireland-based clients in the financial services industry.
The work will include high-end IT consulting, business analytics, business processing and customer service, it said.
Taoiseach (Prime Minister) Enda Kenny TD said the government wants to keep the recovery going (in the region) by providing the right environment for companies like Infosys to locate, expand and create jobs.
Infosys is already working with clients in Ireland helping them explore new ways of working and advancing, by embracing technology-led innovation, Infosys chief executive officer and managing director Vishal Sikka said.
"We want to build on this early success.
“With an ecosystem of like-minded partners in Ireland, we will pursue new ideas and new ways to solve the greatest challenges of our times -- the important things that only human imagination and ingenuity can achieve," he added.