Pennant Technologies inaugurates new premises in Hyderabad

Hyderabad: Pennant Technologies, a fintech company, inaugurated its new corporate office at Cyber Gateway in Hitec City. The facility is about 20,000 sqft and will accommodate about 220 employees. The 2005 founded company has about 250 employees currently in its Hyderabad and Visakhapatnam centers. It has plans to double its workforce over the next 18 […]

Hyderabad: Pennant Technologies, a fintech company, inaugurated its new corporate office at Cyber Gateway in Hitec City. The facility is about 20,000 sqft and will accommodate about 220 employees.

The 2005 founded company has about 250 employees currently in its Hyderabad and Visakhapatnam centers. It has plans to double its workforce over the next 18 months.

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Pennant partnered with over 45 leading banks and financial institutions across Middle East, Europe and India and delivered business software solutions covering various facets of the banking and financial services industry.

Dr Rajiv Sharma, Chief Advisor to Government of Telangana, inaugurated the new premises.

“We are in a growth phase. The new corporate office in Hyderabad has been inaugurated at a time when we are seeing traction for our product in market,” said Rama Krishna Raju, Director and Chief Executive Officer, Pennant Technologies.

Over the past 16 years, Pennant has worked to address the needs of global banks and financial institutions, delivering products and solutions across lending, payment processing, core banking and Islamic finance areas. It is now integrating artificial intelligence, Cloud, and automation, he said.

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