Falcon, Tech Mahindra partner to drive cloud-native banking

By Vriti Gothi

Falcon has partnered with Tech Mahindra to redefine banking infrastructure modernisation worldwide by uniting Falcon’s next-generation payments and lending platform with Tech Mahindra’s ‘AI Delivered Right’ strategy and global delivery excellence.

The partnership is structured as a deep technology integration and go-to-market alliance, embedding Falcon’s end-to-end, cloud-native stack spanning retail and commercial credit cards, prepaid and wallets, Credit Line on UPI (CLOU), personal and business loans, and a high-throughput payments engine into Tech Mahindra’s comprehensive banking suite. This integration will enable banks and financial institutions to accelerate digital transformation, reduce operating costs, and deliver seamless, customer-centric experiences across channels.

Pankaj S. Kulkarni, Head for BFSI, Europe, Tech Mahindra, said, “The FinTech industry presents opportunities for improvement in areas such as invoice validation, governance, and regulatory alignment. Addressing these challenges can significantly reduce risks and build greater trust among investors. By integrating Falcon’s issuing and payment processing platforms into Tech Mahindra’s diverse banking suite, we will leverage the agility of FinTech while ensuring enterprise-level delivery. This integration will provide clients with a compelling value proposition, combining reliability and compliance at scale, alongside the capability to rapidly launch new products in diverse markets.”

Through this collaboration, Falcon strengthens its global positioning as a modern banking and FinTech enablement platform, combining scalability with profitability and regulatory confidence. The partnership will initially focus on Southeast Asia and Europe, regions witnessing surging demand for API-first, modular banking infrastructure capable of supporting both traditional and digital-native financial institutions.

Priyanka Kanwar, Co-founder and CEO of Falcon, added, “This collaboration allows us to extend our modern rails into new geographies while demonstrating to banks that they can migrate off legacy cores without compromise. It reflects our ambition to build not just for India, but for global markets where transformation is urgent.”

Falcon’s platform integrates a modern processing core, application layer, and program management tools, powered by AI-driven portfolio optimisation and a co-brand hub. Already supporting over 15 million accounts and $2 billion in annual payment flows, Falcon enables banks to launch new products in weeks, cut costs by up to 60–80%, and scale seamlessly across markets. The platform is built to act as a revenue growth engine, helping banks drive portfolio maximisation, co-brand partnerships, and enhanced customer engagement.