Financial Technologies International (FTI), has opened a new software development and service centre in Mumbai, India. FTI will work with TCG, an Indian outsourcing specialist, to operate the Development and Service Centre. TCG has previously worked with a variety of US firms including Sybase, United Airlines, i2 Technologies, and Computer Associates, and will use the same model and methodology to quickly launch and ramp up the centre, the pair say.
Michael Meriton, president and CEO, FTI, says: “Our strategy is to invest at a time when many of our competitors are cutting back. Opening the development centre in India and working with TCG enhances our ability to innovate faster and to better meet our customer needs. It also allows us to provide our customers additional flexibility without compromising quality. The expansion enables FTI to define a scalable global operating model and demonstrates FTI’s continued commitment to the future of our industry and our customers.”
The centre will be integrated into the current FTI development centres in the US and Austria to provide improved scalability, a faster development process, and improved quality assurance. A number of FTI staff will relocate to India to facilitate continuity, knowledge transfer and integration of the entire operation. FTI and TCG have established a steering committee for overseeing the Indian operation to ensure its responsiveness to the evolving market and customer needs. The Indian office will be headed by Ravinder Grewal, FTI’s vice president for offshore development.