Mohandas Pai inuagurated IBSFINtech new development centre

Padma Shri T.V. Mohandas Pai inaugurates IBSFINtech’s New, State-of-the-Art Development Centre in Bengaluru, India to fuel the TreasuryTech company’s global expansion plans

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Padma Shri T.V. Mohandas Pai officially inaugurated IBSFINtech’s new development centre on January 20, 2023.. The centre is a testament of the company’s rapid expansion to fulfil the growing need of digitisation of the Treasury, Risk, Trade Finance & Supply Chain Finance solutions of Corporations globally.

January 24, Bangalore, India – IBSFINtech, a leading provider of cutting-edge technological solutions for TreasuryTech, is proud to announce 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, congratulating IBSFINtech for its commitment to innovation and its ability to stay ahead of the curve in the rapidly changing world of Treasury, Risk, Trade Finance & Supply Chain Finance

The occasion was graced by several industry dignitaries, Arun Maheshwari, Joint MD & CEO, (JSW Infrastructure Ltd), Kumar Ayashkanta, Group CIO (Wipro Enterprises), Manmohan Kalsy, President – Business Operations & HR (Medi Assist) and Dilip Shah, Founding Partner (Veer Gems) together with the global leadership team of IBSFINtech.

On this momentous occasion, 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. The banking and industry sectors are in good shape, and the investments are flowing in. This is the perfect time for IBSFINtech to expand globally in the next few years, as there is a tremendous amount of liquidity that needs to be managed and that needs a robust treasury management system.” Sharing his two cents, he advised the team, “Reimagine the product in the context of today, taking into account the complexities of the external environment as well as ensuring ease of operations for the internal stakeholders. It is pivotal to build a powerful product engineering team that fuels the company’s global expansion plans.”

At the inauguration ceremony, CM Grover, MD & CEO, IBSFINtech shared “We started our journey 16 years ago when fintech was not a familiar name, but we saw the potential of technology to revolutionize the world of Treasury, Risk, Trade Finance & Supply Chain Finance and chose to focus on this niche segment. We emphasized the need for digitization of this segment, but we were ahead of time. We persevered, and today we have established ourselves as a name to reckon with in the TreasuryTech space, globally. We are continuously investing in resources, innovation and technology to stay ahead of the curve. 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 revolutionising 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.

Proud to be a Made-in-India company, IBSFINtech is raising the bar for TreasuryTech automation globally with its innovative, comprehensive and integrated solutions. The company has also launched SaaS products, InTReaX^® – A SaaS Treasury management platform in partnership with Refinitiv (London Stock Exchange Group Company LSEG) and VNDZY^® – SaaS Supply Chain Finance Platform. With its innovative, integrated and comprehensive TreasuryTech platform, IBSFINtech has established a leadership position in India and risen to become one of the top 5 players in the global markets.

Earlier this year, IBSFINtech announced marquee associations, with the ERP giant Oracle, one of the large Big4s, KPMG and one of the largest private sector banks of the country, Yes Bank which are accelerating the global growth plans. IBSFINtech has established a connected ecosystem with these associations which extends the benefits to corporate clients. IBSFINtech works very closely with Refinitiv, London Stock Exchange Group Company (LSEG) for marketing the product to their existing customers.

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.

Leading dailies covered the feature: IBS Intelligence| Success Insights