Finastra celebrates new and reinvigorated workspaces in Pune and Bangalore
Finastra, a global provider of financial software applications and marketplaces, has marked the opening of its newest office in Pune 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 are Centers of Excellence for Finastra and are a base for around 2700 of the company’s 9,000+ global employees.
Ravi Metta, Chief Technology Officer, Finastra, said, “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. I am 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, including Product Management, Product Development, Product Services, Customer Support, Sales and more.”
Finastra has offices in Pune, Bangalore, Mumbai, and Trivandrum, which are all Centers of Excellence with responsibility for financial technology solutions that are used by 90 of the world’s top 100 banks. In total, approximately 30% of Finastra’s global workforce – around 2,800 people – are based in India.
Mehjabeen Poonawala, Country Head, India, Finastra, 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 is built for the future and has introduced several measures to make it a leading employer that attracts India’s best talent. In response to the pandemic, Finastra demonstrated its commitment to caring for its people by establishing the Employee Welfare Trust. The Trust has enabled staff from around the world to make donations – including a match funding commitment of up to US$100,000 by Finastra – to support Indian colleagues and their families who have been impacted by the effects of the pandemic since 2020.
The pandemic also caused a huge shift in the way companies work and Finastra was one of India’s early leaders in the adoption of hybrid working. After listening to colleagues’ feedback, Finastra launched OPENworking, a hybrid working model which empowers staff to work 2+ days a week in the office and 2+ 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 Flexible Vacation policy has been encouraging a healthy work life balance for staff, enabling them to take vacation days as and when they need.