IBSFINtech opens new development centre in Bengaluru, India

By Leandra Monteiro

IBSFINtech, a provider of technological solutions for TreasuryTech, announced the opening of its new development centre in Bangalore, India. The centre was officially inaugurated by Padma Shri T.V. Mohandas Pai, on Jan 20th, 2023.

T.V. Mohandas Pai, Chairman, Aarin Capital Partners, reflected “Today, we stand at the threshold of a new era in the world of finance, an era defined by digitalization and innovation and IBSFINtech is a trailblazer with a great product that is built on the foundation of great technology, a dedicated team, perseverance, focus on the market, customer service, and ease of operations. Its niche product is particularly useful for the corporate sector as well as for the banking sector, as banks in India have never seen treasury as a revenue source.”

At the inauguration ceremony, CM Grover, MD & CEO, IBSFINtech shared, “To meet the growing demand of our solution from all corners of the world, we are expanding our teams and infrastructure. Our vision is to be one of the Top 2 players in the TreasuryTech space globally and this milestone in our growth journey is a testament to IBSFINtech’s determination and commitment to innovation. To fuel this vision, we have also established a strong partnership ecosystem with the best of the world’s organizations who are front-ending our product in the market, including, the world’s largest Financial Data provider, Refinitiv, London Stock Exchange Group Company and one of the most popular ERP solution provider, Oracle.”

IBSFINtech is revolutionizing the way Enterprise Treasury, Risk, Trade Finance, Supply Chain Finance functions are managed, and this development centre is to fuel their global expansion plans. The centre brings together a broad range of technology capabilities in a collaborative environment designed to accommodate the needs of its workforce and future work. The new centre houses a SaaS development team to enable digital transformation for these critical functions of the corporations globally.

With the opening of the new development centre, IBSFINtech is well-positioned to serve the global markets with its advanced technological solutions and to continue its growth trajectory.