Group of consultants. Silhouette of 5 enterprise individuals. istock photograph for BL
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Citizens Financial Group Inc, a US-based monetary establishment, has teamed up with tech providers firm Cognizant to set up a Global Capability Centre (GCC) to speed up innovation and execute the financial institution’s enterprise expertise technique.
Citizens Financial Group, Inc. is likely one of the US’ oldest and largest monetary establishments, with $217.5 billion in property as of December 31, 2024.
Telangana IT and Industries Minister Duddilla Sridhar Babu formally inaugurated the centre on Tuesday.
“In 2024, we secured almost one GCC per week, bringing the entire variety of GCCs within the metropolis to 355. This progress is mirrored within the rising demand for industrial and retail house. We plan to add 200 million sq. ft. of Grade A workplace house by 2030,” he stated.
“Our purpose is to remodel Hyderabad from a GCC hub right into a Global Worth Centre, driving IP, innovation, R&D, and product growth,” he stated.
Positioned inside Cognizant’s new campus in Hyderabad, the brand new GCC is designed to assist Citizens extra rapidly and successfully foster progressive options for its prospects. The centre is predicted to scale up to 1,000 IT and Knowledge and Analytics professionals by March 2026
“On the coronary heart of this initiative is the Citizens’ Subsequent Era Expertise (NGT) technique, which leverages innovation to speed up enterprise success by way of superior expertise, information, and safety,” a Citizens’ official stated.
As Citizens’ strategic accomplice, Cognizant will construct and function the GCC, with programme governance supplied by the Boston Consulting Group (BCG).
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Printed on April 15, 2025
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