TransUnion opens first global in-house centre in Chennai

International credit reporting agency TransUnion launched its global in-house centre in Chennai on Wednesday, the first off-shore technology hub, to drive growth outside its home market.

Published: 15th June 2018 04:00 AM  |   Last Updated: 15th June 2018 01:39 AM   |  A+A-

By Express News Service

CHENNAI: International credit reporting agency TransUnion launched its global in-house centre in Chennai on Wednesday, the first off-shore technology hub, to drive growth outside its home market.
The company, which already has its roots in India through a joint-venture partnership with CIBIL, said it plans to hire 500 employees for the centre in Chennai in the financial year 2018-2019.

“The Indo-U.S. trade relationship is going starong. Cumulative two-way U.S. dollar Foreign Direct Investment has surpassed $45 billion. American companies benefit from India’s demographic dividend, quality human resources and access to dwthe huge South Asian market.” said James M. Fluker, Principal Commercial Officer for South India, U.S. Consulate General, Chennai.

The in-house centre in Chennai would allow the company to own the end-to-end development process of critical technology and thereby reduce its dependence on external sources, while also trimming the go-to-market time from the credit bureau, the company said in a statement.

TransUnion’s GIC will focus on developing risk solutions, maintaining systems that protect consumer data, allowing the company to move nimbly in a fast-changing global financial environment, the company added.

Over the past decade, India has emerged as a top destination for innovative technology and R&D centers among global corporations.

“Expanding our technology presence in India is a strategic move. The GIC builds on the commitment of the TransUnion CIBIL business to further enable stronger communities and thriving economies around the globe,” said Mohit Kapoor, chief information and technology officer, TransUnion.

“There are over 1,000 GICs in India today, employing one million people. Their strategic importance is growing as they continue to add value to global enterprises. GICs have matured to become trusted enterprise transformational agents,” he said.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.