Two years on - bancon reflects on its expansion into India

Two years on, bancon, the global financial services system integrator, is celebrating its successful expansion into the key market of India. This move, which saw the establishment of the entity within the vibrant city of Bangalore, has significantly bolstered bancon’s international footprint, and increased expert delivery capability while complementing its existing FSI hubs in Germany, the United Kingdom, South Africa, and Slovakia.

The decision to set up operations in India was a strategic move aimed at tapping into the burgeoning talent situated within the region. With a focus on core banking, core lending, core payments, and finance transformation, bancon can offer expertise at scale to new and existing clients, enhancing its ability to cater to its growing customer base within continental Europe and Southern Africa.

bancon inaugurated its offshoring hub in Bangalore, India, in early 2022, marking a pivotal moment in its history. This move came at a time when financial institutions were increasingly seeking cost-effective solutions to revamp their IT infrastructure.

Overseeing the operation since its launch is Brad Jarrett, Group Director of Financial Services at bancon. Together with the bancon leadership team, Brad has been spearheading the recruitment and development efforts to build a strong team in the region.

“Two years on, the landscape of financial institutions’ modernisation efforts continues to evolve. The establishment of our India entity has proven instrumental in meeting the escalating demands of our global client base. While our commitment to supporting clients in-country remains unwavering, our presence in India has empowered us with greater bandwidth, increased coverage of market time zones, allowed us to be more dynamic with our pricing strategy, and provide a more robust delivery model.” says Brad, “As we look to the future, our resolve to scale and adapt remains steadfast, ensuring we continue to provide unparalleled support for our clients.”

Jörg Mauelshagen, Co-Founder and Managing Group Director of bancon, reflects on the continued journey of assisting clients through intricate business transformations. He shares, “Our commitment to guiding clients through complex transformations remains strong, and the past two years have only reinforced the importance of this mission. The expansion in India has been a significant milestone for us, allowing us to deepen our expertise in SAP and sector-specific know-how. Our Indian delivery hub, conceived as a strategic move, has played a pivotal role in our sustained growth and scalability. Leveraging the synergy between our onshore team in mainland Europe or Southern Africa and our India-based experts, we’ve seamlessly served our long-term clients while overcoming talent shortages and budget constraints. As we continue to evolve, our dedication to delivering value-driven solutions remains, ensuring our clients receive the highest quality support on their transformation journey.”

“Reflecting on our India base two years later, it’s evident that it has provided us with unparalleled access to a vast talent pool, enabling us to remain agile in our pricing strategies,” said Brad.

“However, amidst this growth, one principle remains the same: our commitment to maintaining the highest standards of quality. At bancon, we pride ourselves on our reputation for excellence, boasting some of the most seasoned consultants in our industry. As we expand into new regions, we remain committed in our dedication to upholding this reputation by recruiting only the best talent available.”

Explore exciting career opportunities at bancon India. Visit our careers page to learn more and apply.