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TransUnion, a global credit reporting agency and information solutions provider, opened its first Global in-house Centre (GIC) here on Thursday.
The company plans to hire about 500 full-time employees by the end of the year for the new facility, said the company.
“Chennai has got some of the best and brightest talent in the world,” said Mohit Kapoor, Chief Information and Technology Officer, TransUnion. He added that the company is open to having more GICs in Chennai and other regions.
On the amount invested in the new facility, Kapoor said he looks at it as human investment, rather than capital investment.
Located at the DLF Cyber City, the facility will allow the company to own the end-to-end technology development process without relying on third-party resources, the press release said. Kapoor said the new facility in Chennai will build products for global consumption. They will provide analytical data to banks and financial institutions for making informed decisions about lending, and end-user ‘products’ such as mobile apps.
On data security, Kapoor said consumer data is protected with the highest standards and information about consumers remains within the local market.
“The new facility can be used to develop anti-fraud products as also solutions in the commercial space with the talent pool available in India,” said Satish Pillai, Managing Director and CEO, TransUnion CIBIL.
Debasis Panda, Senior Director, GIC, said that TransUnion is committed to providing challenging and rewarding work and career growth opportunities for GIC associates.