Tech Mahindra partners with FIS to expand its BFSI footprints globally

Tech Mahindra in professional services collaboration with FIS plans to scale its enterprise payments and banking capabilities. This agreement aligns with Tech Mahindra’s strategy to expand its BFSI (banking, financial services and insurance) footprint globally. Tech Mahindra, in support of this strategy, will also build a state-of-the-art Centre of Excellence (CoE) in Chennai, India.

Tech Mahindra will also acquire Payments Technology Services Limited a subsidiary of FIS. Based in Asia, Payments Technology Services Limited is focused on serving the banking and payment needs of Asian financial services firms.

“BFSI is one of the fastest growing industry segments for Tech Mahindra and we now have a strong presence across key regions including North America, Europe and Asia Pacific. This move is in line with our TechMNxt charter and is aimed at strengthening our global payments capabilities, and offer clients end-to-end payments transformation services and expand this expertise to core banking and digital” Vivek Agarwal, Head Corporate Development & Global Head for Financial Services and Healthcare, Tech Mahindra, said.

This underlines Tech Mahindra’s focus on digital growth, under the TechMNxt charter, which focuses on leveraging next generation technologies and solutions to enable digital transformation, and develop cutting-edge technology solutions and services to address real world problems that can meet the evolving and dynamic needs of customers.