Source: Green Dot
Green Dot Corporation (NYSE:GDOT) today announced the official opening of Green Dot Shanghai Software Technology Co. Ltd.
“Green Dot Shanghai” is a new wholly-owned subsidiary of Green Dot Corporation that is located in the Zhangjiang Hi Technology Park in the Pudong district of Shanghai. The 24,000 square foot facility will employ Shanghai’s finest technology leaders and engineers with the goal of further increasing Green Dot’s ability to quickly, expertly and efficiently bring cutting-edge technology solutions to Green Dot’s large-scale branchless banking platform in the United States.
Green Dot’s presence in Shanghai, which is both a global financial hub and China’s biggest city, is part of Green Dot’s long-term strategy to invest in infrastructural excellence and efficiency as a competitive advantage and a way to achieve greater levels of productivity and margin expansion, leading to increasing shareholder value over time.
“We believe that the future of financial services belongs to those institutions that are tech-centric in their vision and tech-savvy in how they execute that vision. Green Dot is a financial technology innovator and the opening of our new software development center in China is intended to further power our ability to efficiently create cool products that solve important problems,” said Kuan Archer, Chief Operating Officer of Green Dot Corporation and Executive Director of Green Dot Shanghai.
Green Dot Shanghai is designed to integrate seamlessly into Green Dot’s multi-site domestic technology presence where technology facilities in Florida, northern and southern California and, now, Shanghai use a “follow the sun” strategy to deliver high-scale, high-quality and efficient technology work product around the clock.