Finantix further expands global footprint with new nearshore development centre in Belgrade

New office extends Finantix access to European tech talent and growing ecosystem of fintech start-ups

London 24 June 2020: Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, today announced the opening of its Serbia based office, extending its global reach to 11 offices across four continents.

The new office is close to the recognised technology hub of Novi Sad, and is readily accessible from Belgrade international airport. This strategically located nearshore presence will allow Finantix to expand its pool of talented industry experts, and boost its ability to offer development and maintenance support to the growing Finantix and InCube Group AG combined client base.

According to a Gartner report which examines the reconfiguration of service delivery location strategies “by 2023, 50% of services (based on revenue) will be delivered from nearshore locations, up from 17% in 2018”.*

Alessandro Tonchia, Co-founder and Head of Strategy, Finantix, said: “Opening this new nearshore office is a key component of our ongoing strategy to extend our global footprint. Following our recent acquisition of InCube Group AG, we are progressing the build-out of a network of development centres, in order to provide customers with continued access to the best global talent. Our new office will provide opportunities both for Serbia’s growing number of skilled industry experts to join our team, and for us to build relationships that can support its development as a technology hub.”

Daniel Lenz, Co-founder and Partner at InCube Group AG, adds: “The financial services industry has long recognised and appreciated the extensive skills that are available in nearshore locations, and InCube has been working closely with nearshore based talent for some time. Following the recent acquisition by Finantix, there is an ongoing and growing demand for our combined leading-edge, innovative product suite. Opening this new office provides a perfect opportunity to formalise our expanding presence in Serbia, and aggressively grow our locally based team of top talent.”

With the backing of Motive Partners, Finantix continues to expand across Europe, Asia Pacific and North America, putting into practice its commitment to  drive the adoption of its products in different territories, grow its talent base, and help financial organisations increase their sales effectiveness and improve the quality of their advice.

– Ends –

Notes to Editors

*How Agile, Digital and Automation Drive the Increase in Nearshore IT and Business Services and What to Do About It, Katie Gove, Neil Barton, Tobi Bet, TJ Singh, January 2020

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