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Bangalore, April 16, 2026: Candescent, a leading intelligent digital banking platform in the United States, today announced the launch of its new technology centre in Hyderabad, reinforcing India’s position as a core engineering and innovation hub powering its global platform. Spanning 30,000 sq. ft. with a seating capacity of 260 people, the new facility at Raheja Mindspace IT Park, Madhapur, Hyderabad, marks a strategic expansion of Candescent’s presence in the city. The company continues to operate from its existing Hyderabad office, which will remain active through 2027, with teams working across both locations. Together, these centres reflect both immediate scale and a long-term commitment to India.
At Candescent, India is not an extension of global operations; it is pivotal to them. With presence across Mumbai and Bengaluru and a headcount of over 800 engineers, India-based teams are responsible for architecture, design, building, and running critical components of the company’s cloud-native, full-stack digital banking platform, which today powers over 1,300 banks and credit unions and serves nearly 30 million users in the United States.
“India plays a foundational role in what we’re building at Candescent. Approximately 75% of our workforce is focused on engineering, underscoring our identity as an engineering- and design-led organisation. Teams here are working on critical parts of our platform, from real-time payments and high-volume systems to AI-driven workflows and resilient infrastructure,” said John Garvey, COO of Candescent. “The work happening out of Hyderabad directly powers banking experiences for millions of users, and this facility reflects both the scale of that impact and our ambition to grow it further.”
Candescent is currently in a strong phase of investment and innovation, focused on advancing its intelligent banking platform. The engineering work led from India spans the full digital banking stack - from onboarding and transactions to real-time payments and branch systems, all built on a high-scale, cloud-native platform. Teams are solving for complex challenges around availability, performance, and system integration, while increasingly leveraging AI across development and operations. The Hyderabad tech centre is designed to support this next phase of growth, with significant team expansion across engineering, product, data, and platform roles. The company is also exploring strategic partnerships with leading engineering institutions, including the IIT ecosystem, to further strengthen its talent pipeline. Alongside, Candescent is investing in a robust graduate programme, enabled by their new facilities, to build a strong, future-ready talent pipeline.
“Our journey in India has always been about building, not supporting, and Hyderabad represents the next phase of that evolution,” said Raghav Pavaman, General Manager and SVP, India Operations, Candescent. “This is where innovation is actively shaped, where engineers take end-to-end ownership, from architecture through to production, solving complex problems at scale and contributing directly to products used by millions globally. As we expand, our focus is on bringing in talent that is driven to innovate with intent, build for scale, and create meaningful, future-ready impact.”
Candescent’s India engineering model is built on ownership, architecture-led thinking, and deep collaboration with global teams. Engineers in Hyderabad play a direct role in platform roadmap decisions, contributing not just to execution, but to long-term product and technology strategy.
As Candescent continues to scale its global footprint, Hyderabad will play an increasingly pivotal role, not only in driving growth, but in defining the future of its intelligent banking platform.
Candescent is a next-generation fintech platform powering intelligent banking for financial institutions globally. By bringing together data, digital channels, and cloud-native technologies into a unified ecosystem, the company enables banks and credit unions to deliver seamless, end-to-end customer experiences across every touchpoint. Built on a scalable, API-first architecture, Candescent combines advanced analytics, real-time capabilities, and developer-friendly tools to help institutions innovate faster, operate more efficiently, and stay ahead in an increasingly digital-first world. With a strong focus on security, flexibility, and continuous innovation, Candescent is redefining how modern banking platforms are built and experienced. For more information visit www.candescent.com
