Finastra has marked the opening of its newest office in Pune, India and the re-opening of its refurbished office space in Bangalore, India, with ribbon-cutting ceremonies led by its chief technology officer and India executive sponsor, Ravi Metta.
The offices will form a base for around 2700 of the financial software applications and marketplaces provider’s 9,000-plus employees. In total, approximately 30 per cent of Finastra’s global workforce – around 2,800 people – are based in India.
“After being delayed by Covid, it was a great pleasure to officially mark the opening of our newest office in Pune and the re-opening of our reinvigorated office in Bangalore,” said Metta at the ceremony.
“I’m always so impressed by the engineering and product excellence that thrives in India and these investments are a testament to its position as a strategic growth location for Finastra. To fuel our ambitious goals in India we are tapping into the country’s strong talent pool to fill roles across the whole product development lifecycle.”
Finastra has offices in Pune, Bangalore, Mumbai, and Trivandrum, which are all centres responsible for producing fintech solutions that are used by 90 of the world’s top 100 banks.
Mehjabeen Poonawala, the company’s country head of India, said: “Our investment in modern new collaborative workspaces in Pune and Bangalore is just one of the reasons Finastra has been awarded Great Place to Work certification for three years running.
“Additionally, initiatives like extending insurance benefits to LGBTQ partners and offering extra career support for female employees are helping us to create an inclusive workplace culture that is key to building a high-trust, high-performance environment.
“We are also focused on finding and nurturing fresh talent and have partnered with several universities, which has helped us to hire hundreds of graduates to date.”
Finastra has introduced several measures to help it attract the best talent in India. In response to the pandemic, Finastra established its ‘Employee Welfare Trust’, which has enabled its staff to make Finastra-matched donations to support Indian colleagues and their families who have been impacted by the effects of the pandemic since 2020.
Finastra was also one of India’s early leaders in the adoption of hybrid working. After listening to colleagues’ feedback, Finastra responded with ‘OPENworking’, a hybrid working model that allows its staff to work two-plus days a week in the office and two-plus days from home.
This meant enabling physical and work regimes and providing the best digital tools to help its people be as agile, collaborative and focused as possible, ensuring they are able to get the best of both worlds.
As part of its OPENworking strategy, Finastra has also rolled out an uncapped vacation policy across its offices in India. As of January 2022, the company’s ‘Flexible Vacation’ policy has been encouraging a healthy work-life balance for its staff, enabling them to take vacation days as and when they need.