India is one of the hottest markets for financial services and fintech companies, and Pune is a major contributor to the industry’s success. A major contributor to the growth has been the nation’s domestic tech development and the growing adoption of internet devices, which has spurred the adoption of digital lending and payment solutions.
Other factors that have helped India grow its financial industry include expanding financial services to underserved and rural communities. While Pune is home to global banks and financial institutions, it’s also a development center for some of the most innovative fintech companies, including ones that are making banking accessible across demographics and geographies. Below are some of the top finance companies in Pune to know.
Top Finance Companies in Pune to Know
- TransUnion
- Mastercard
- Fiserv
- HSBC
- OneCard
- Lentra
- Phi Commerce
Top Finance Companies in Pune
Citco began as a civil law notary practice in the 1940s and has grown into a global financial services company. The company administers $1.9 trillion dollars in assets and provides banking, governance and technology management services. Citco has three campuses in India, and its Pune location is in the Kharadi district.
TransUnion is one of the three main credit bureaus in the United States. The company collects data from multiple sources to provide individuals and financial institutions with accurate credit scores and risk assessments. In India, the company offers credit assessments, fraud detection services and financial management, among other services, with offices throughout the country.
Northern Trust provides wealth management and asset servicing to individuals, foundations and institutions. Founded in 1889 as a trust bank, the company has grown to employ more than 22,000 people in 20 countries. Northern Trust’s Pune office opened in 2016 in the Panchshil Tech Park Yerwada.
Global fintech company Citi operates one of its largest technology centers in the APAC region in Pune. The campus is home to Citi’s markets and securities, cash management and finance and risk departments. Citi’s global headquarters is in New York, and it employs more than 223,000 people around the world.
Digital payments are becoming the norm in India, and PhiCommerce is helping businesses adapt to this shift. The company develops omnichannel payment solutions that enable businesses to process doorstep, subscription and B2B payments.
FIS’ products help banks move more than $1 trillion each month. The fintech company offers technology solutions for financial institutions of all sizes, including 95 percent of those listed on Forbes’ list of World’s Best Banks. FIS is based in Jacksonville, Florida, and maintains offices in 58 different countries.
Fiserv is an American financial technology company with an office in Pune. It works with financial institutions and businesses to develop point-of-sales hardware and customer experience software. Its software, used by companies like Adidas and Church’s Chicken, is designed to help companies facilitate commerce.
Marsh McLennan is a professional services financial firm specializing in the areas of risk, strategy and people. Founded in New York in 1905 as an insurance company, it has grown to encompass four distinct businesses offering services from reinsurance and capital strategies to brand advising. The company employs more than 86,000 people in 130 companies, with several locations across India.
Fibe, formerly EarlySalary, is a fintech platform used by working young professionals to secure loans. By signing up on the app, customers get an instant approval for different loans and access to financial education material, healthcare quotes and upskilling opportunities.
Headquartered in Pune, Indian financial services company Bajaj Finserv operates six branches across the country. The company offers lending services, insurance and wealth advising through its 24 different financial products. In 2017, Bajaj Finserv became an early adopter of blockchain technology, and has incorporated it into a variety of its offerings.
Lentra is a SaaS lending platform that enables its clients to offer tailored loans. Various banks use the Lenta Lending Cloud, which leverages AI, data analytics and credit inquiries to create custom products. Lentra was founded in 2019 and counts on backing from Citi Ventures and HDFC, among other investment groups.
Indian financial institution ICICI Bank has more than 6,300 branches and 17,000 ATMs across the country. It provides financial services and banking products to retail customers as well as corporate, small and medium businesses, including mobile banking, WhatsApp banking and phone banking. ICICI Bank also has subsidiaries specializing in venture capital, asset management, life insurance and investment banking.
Mastercard is one of the largest credit and debit card distributors and payment processors. The company partners with various banks and issues co-branded cards, which customers can use for daily purchases. In Pune, the company recruits for a wide range of roles including analysts, software engineers and product managers.
Fintech startup OneCard is changing India’s credit card industry through its physical and digital features. The physical cards are co-branded with different national banks and constructed using metal instead of plastic. Additionally, they feature rewards on purchases, integrated buy-now-pay-later and family sharing capabilities.
PhonePe launched in 2015 as a lending app, but after two successful years, the company launched a trading platform. The mobile-native platform helps users invest in mutual funds and grow their wealth. PhonePe has over 550 million users.
British universal bank Barclays provides consumer banking, payments operations and a full-service global corporate and investment bank. Its Pune location, known as the Barclays Global Service Centre, supports the company’s businesses worldwide through technology, operations and functions departments. Barclays is headquartered in London and has had a presence in India since 1990.
Financial services company UBS provides banking, wealth management and securities and savings products for clients in 50 countries. Its recent acquisition of Credit Suisse expanded the company’s total assets to nearly $1.7 trillion. Headquartered in Zurich, UBS has two locations in Pune.
Fintech company Finastra provides financial services software to banks and lending institutions. Its products include banking and mortgage solutions, risk management and core banking systems. Finastra’s software powers more than 8,000 financial institutions in over 130 countries. The company maintains three offices in India — in Pune, Bengaluru and Trivandrum.
With over 40 million customers, HSBC is one of the largest banks in the world and a popular institution throughout India. It provides personal, retail and investment banking solutions to various customer groups and offers insurance products in partnership with Canara Bank.
Finansh is a mortgage platform that uses AI and human experts to help customers find home loans. Through the platform, users can interact with FinBo, the company’s AI chatbot, and get matched with loan quotes from qualified lenders. Afterward, they connect with a real estate expert to complete the application process. According to Finansh, applying for a mortgage on its platform takes three minutes, from start to finish.
