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SunTec Launches New Development Center in Chennai

SunTec’s relationship-based pricing solution helps banks to create and adopt personalized pricing models basis customer needs and leverage the broader industry ecosystem.

SunTec Business Solutions has launched its new development center in TRIL Ramanujam IT City, Chennai.

SunTec Development CenterSunTec also has offices and development centers in Thiruvananthapuram, Kochi and Bengaluru.

SunTec is looking to expand its talent base and strengthen its product development capabilities as well as bolster its SaaS offerings by hiring over 200 professionals in product engineering and global delivery across all locations.

The facility currently has about 50 employees and is expected to house 125 employees at capacity. SunTec will also invest over USD 10 million over the next 3 years in engineering, R&D and infrastructure.

The Chennai center will enable SunTec to further strengthen its foothold in India, deepen relationships with clients across the globe and offer enhanced capabilities.

SunTec delivers a value exchange model to its customers which will significantly enhance their revenue management, for which the new center will play a crucial role.

According to research the revenue management market is estimated to be over USD 16 billion and will grow at a CAGR of 10% over the next five years.

The digital disruption in the banking industry has reiterated the importance for banks to build a robust infrastructure and modernize their core systems to enhance customer experience.

With the changing landscape of the banking industry, the rising importance of financial inclusion and digital payments, banks need to not only be profitable but also responsible to their various stakeholders.

SunTec’s relationship-based pricing solution helps banks to create and adopt personalized pricing models basis customer needs and leverage the broader industry ecosystem.

SunTec’s cloud-agnostic platform – Xelerate – enables banks to strengthen their infrastructure by modernizing core systems and tracking the profitability of all products across the enterprise value chain.

SunTec has offices in UAE, USA, Canada, UK, Germany, Singapore, Australia, and India.

The company currently has about 650 employees across all functions and locations and its product portfolio includes solutions for relationship-based pricing and billing, product rationalization, offers, deals and loyalty programs management, indirect tax compliance and e-invoicing, among others.

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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