Tech Mahindra has acquired Avant Techno Solutions, a Canada-based firm specializing in payments modernization and wealth platforms, to enhance its capabilities in the banking, financial services, and insurance sectors.
The acquisition expands Tech Mahindra’s offerings across areas including real-time payments, ISO 20022 migration, core banking transformation, and wealth management platforms. It also supports growth in adjacent areas such as open banking, regulatory compliance, and fraud prevention.
Avant brings domain expertise, sector talent, and established client relationships, enabling Tech Mahindra to accelerate delivery and scale services across North America. The deal aligns with broader industry trends as financial institutions invest in automation, cloud infrastructure, and data-driven customer experiences.
The transaction strengthens Tech Mahindra’s ability to support clients navigating digital transformation while improving operational efficiency and responsiveness to evolving market demands.
KEY QUOTES:
“The acquisition of Avant will strengthen our ability to serve financial institutions at a time when the sector is balancing growth with rapid digital change. By combining deep domain expertise with scaled technology delivery, we will help clients modernize core payment & wealth systems, improve customer engagement and respond faster to evolving market and regulatory demands.”
Roshan Shetty, BFSI And Public Sector Head Americas, Tech Mahindra
“Joining Tech Mahindra marks an exciting next phase for Avant. With our deep expertise in payments and wealth platforms combined with Tech Mahindra’s global scale and delivery capabilities, we look forward to helping financial institutions accelerate modernization and deliver more secure, data driven customer experiences.”
Srinivasa Varma Alluri, Chief Executive Officer, Avant Techno Solutions
