BENGALURU: Leading Swiss IT services provider Temenos AG is ramping up headcount in India to expand its development centres in Chennai and Bengaluru, a senior company official said.

"We will hire 700 more techies over the next three years to take our headcount to 2,500 from 1,800 presently, making our India operations largest worldwide," Temenos regional director S.P. Jayanthan told reporters.

The Geneva-based software product major serves banks and financial institutions worldwide to transform their business and stay ahead of a changing marketplace.

About 2,000 firms in the BFSI (banking, financial services and insurance) vertical, including 38 of the top 50 banks depend on Temenos to process daily transactions of over 500 million customers.

"The fresh hiring will be across verticals to induct banking product specialists, architects and engineers as our development centres spearhead product innovation, including designing and supporting our banking plaltform T24, used by banks in 150 countries the world over,a Jayanthan asserted.

By acquiring Multifonds in March for $262 million, the company added 400 techies with related domain expertise to service leading financial firms in India with its fund accounting and transfer agency software.

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