Tech Mahindra, a global technology consulting and digital solutions provider, has announced a strategic partnership with financial software provider Finastra to accelerate the digital transformation of corporate banks.
Under this partnership, Tech Mahindra will become Finastra’s exclusive global implementation partner for its cash management platform and the preferred partner for its trade innovation and corporate channels solutions in the US, Canada, and Europe.
The collaboration will offer corporate banking customers integrated digital advisory, system integration, infrastructure, and cloud services.
This initiative aims to help corporate and institutional banks modernise their operations, enhance customer satisfaction, and address challenges such as regulatory complexity, rising operational costs, and the need for digitalization.
The partnership aims to speed up implementation and upgrades, leveraging Finastra’s solutions and Tech Mahindra’s expertise in banking product implementation, digitalisation, and operations.
Tech Mahindra has been supporting banks with core transaction processing, automation, and digital transformation for over 23 years, delivering over 500 programmes across more than 300 banks globally.
Mohit Joshi, Chief Executive Officer & Managing Director, Tech Mahindra, said,
“This partnership brings together two global leaders in digital transformation and financial services applications to help corporate banks scale at speed.
We believe our joint efforts will redefine the way banks digitize to improve their profit margins.”
Simon Paris, CEO, Finastra, said,
“The broad portfolio of services and deep experience offered by Tech Mahindra are a valuable complement to our modern and open software.
With this combination, we look forward to propelling the digital transformation of even more banks and financial institutions around the world.”
Featured image credit: Edited from Freepik
