Tech Mahindra expands financial services portfolio through acquisition and partnership

Tech Mahindra has announced two major strategic moves to strengthen its Banking, Financial Services and Insurance (BFSI) solutions. The company has acquired Finastra’s Cash Management product suite, which includes Fusion Cash Management (FCM), Fusion Virtual Accounts (FVA), and Fusion Liquidity Management (FLM). This acquisition provides Tech Mahindra with intellectual property related to APIs, payables, receivables, and liquidity management, while integrating experienced product engineering and customer success talent into its banking products team.

Additionally, Tech Mahindra has entered into a partnership with Mastercard to modernize B2B payments for global enterprises. The collaboration aims to embed secure virtual card and payment capabilities directly into enterprise resource planning (ERP) and procurement platforms. This initiative is designed to help organizations optimize working capital, automate transactions, and improve financial visibility by integrating embedded finance into established procurement workflows.