The National Bank of Australia (NAB) will create 600 new technology jobs. This announcement comes just a few weeks after the bank said it was cutting 4,000 jobs.

The new job additions will help the bank build its tech presence in order to efficiently compete with the burgeoning fintech industry, NAB said. According to reports, NAB is hiring expert talent in tech areas including software engineering, security, architecture and data.

In a statement to Business Insider Australia, NAB chief technology and operations officer Patrick Wright said:

We know this is an ambitious target and acknowledge the war for talent is intense, but these are the essential skills and roles we need in order to deliver our plan….
We understand what the fintechs across the world are doing — and we think we can do better.

Read more at Business Insider Australia and Finextra.