Tech Mahindra has announced the acquisition of Avant Techno Solutions, a Canada-based firm specializing in payments modernization and wealth management platforms. This strategic move strengthens Tech Mahindra’s position in the BFSI (Banking, Financial Services, and Insurance) sector and enhances its capabilities in delivering next-generation financial technology solutions.
The acquisition is expected to significantly expand Tech Mahindra’s expertise in real-time payments, ISO 20022 migration, core banking transformation, and cloud-based financial services. Avant Techno Solutions brings deep domain knowledge in wire payment modernization, wealth management systems, identity and access management (IAM), and digital banking platforms, particularly across North America.
With increasing demand for digital banking, fintech innovation, and secure financial services, this acquisition positions Tech Mahindra to support financial institutions in modernizing legacy systems and adopting cloud computing, AI-driven analytics, and automation technologies. The combined capabilities will also unlock new opportunities in open banking, commercial lending, regulatory compliance, and fraud detection.
Tech Mahindra aims to help banks and financial institutions improve customer experience, operational efficiency, and regulatory readiness in an evolving financial landscape. By integrating Avant’s specialized expertise with its global delivery model, the company can accelerate payment system transformation and wealth management innovation at scale.
Founded in 2017, Avant Techno Solutions has built strong capabilities in AI-powered financial solutions, data-driven platforms, and digital wealth management services. The acquisition comes at a time when the BFSI sector is rapidly investing in cloud-native platforms, cybersecurity, and intelligent automation to meet changing customer expectations and regulatory requirements.
This strategic expansion reinforces Tech Mahindra’s commitment to driving financial services digital transformation, next-gen payment infrastructure, and secure digital ecosystems. As global demand for real-time payments and modern financial platforms continues to grow, the company is well-positioned to deliver scalable, future-ready solutions to clients worldwide.
