New Delhi, May 1 (CXO Media): Tech Mahindra has acquired Canada-based Avant Techno Solutions to strengthen its capabilities in payments modernization and wealth management. The deal focuses on expanding Tech Mahindra’s presence in the BFSI segment, especially across North America. Avant Techno Solutions, founded in 2017, brings expertise in real-time payment systems, ISO 20022 migration, and cloud-based core payment transformation.
Payments Modernization Focus
The acquisition adds capabilities in areas such as wire modernization, real-time payment rails, identity and access management, and fraud prevention. These are key priorities for banks and financial institutions upgrading legacy systems and adapting to regulatory changes.
Wealth And Digital Banking Expansion
Avant’s experience in wealth management platforms and digital financial services is expected to support Tech Mahindra’s push into open banking, commercial lending, and compliance solutions. The move also strengthens its ability to deliver scalable and faster solutions to financial institutions. Tech Mahindra said the integration will help clients simplify legacy systems, improve speed to market, and respond to changing customer demands. Avant’s existing client relationships and domain expertise are expected to support this expansion.
The acquisition comes as global financial institutions increase spending on digital transformation, payments infrastructure, and secure customer experience platforms.
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