Tech Mahindra, Finastra partner to boost digital transformation for corporate banks 

Tech Mahindra has joined hands with Finastra, a global financial software provider, aimed at accelerating digital transformation for corporate banks. 

As part of this partnership, Tech Mahindra will be the exclusive global implementation partner for Finastra's Cash Management platform. It will also be the preferred partner for Finastra’s Trade Innovation and Corporate Channels solutions in the USA, Canada, and Europe. 

The collaboration will provide corporate banking customers with integrated services, including digital advisory, system integration, infrastructure, and cloud services. This partnership aims to help banks innovate, streamline, and digitalise their operations, enhancing customer satisfaction. 

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 digitise to improve their profit margins.” 

The partnership will offer faster implementations and upgrades by combining Finastra’s solutions with Tech Mahindra’s global presence and expertise in banking product implementation and operations. 

Simon Paris, CEO, Finastra, said, “This is an important partnership that aligns closely with our commitment to helping our customers navigate today’s challenges and embrace much needed digitalisation. 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.” 

Last year, Tech Mahindra announced a partnership with Bank of Baroda to deploy digital solutions aimed at enhancing customer experience. As part of this, the IT services provider established a Centre of Excellence for the bank’s Contact Centre to provide new-age solutions for dynamic customer needs.