Home / Business and Economy / Candescent Expands Tech Hub in India
Candescent Expands Tech Hub in India
16 Apr
Summary
- Candescent inaugurated a new technology centre employing 260 people.
- The facility will be a core engineering and innovation hub for global needs.
- India teams manage critical components of the digital banking platform.
Candescent, a US-based intelligent digital banking platform, has inaugurated a new technology centre in Hyderabad, India, creating 260 new jobs. This 30,000-square-foot facility is designated as a core engineering and innovation hub to support the company's worldwide requirements.
The company confirmed that its existing Hyderabad office will continue operations through 2027, with teams collaborating across both locations. This expansion underscores Candescent's significant and long-term commitment to its presence in India. Teams in India are vital for the architecture, design, development, and operation of critical elements of the digital banking platform.
These platform components are essential for Candescent's service to over 1,300 banks and credit unions, which collectively serve around 30 million users in the United States. The engineers based in India are instrumental in developing real-time payments, high-volume systems, AI-driven workflows, and resilient infrastructure.
