Juniper Group acquires Tagit to scale digital banking capabilities

By Vriti Gothi

Juniper Group, an operating group of Vela Software under Constellation Software Inc., has acquired Tagit Singapore Pte Ltd., a global provider of digital banking solutions, as it continues to build scale in financial services software across Asia and other growth markets.

Under the transaction, Tagit will operate within TSI Group, a Juniper Group division headquartered in Chennai, India. The acquisition marks TSI Group’s third since joining Juniper Group in 2020 and its second in India, reinforcing a strategy focused on expanding depth in core banking and adjacent digital capabilities.

Founded in Singapore, Tagit is best known for its Mobeix Digital Banking Platform, an open-API, cloud-native system designed to help banks modernise customer engagement across retail, corporate and family banking, as well as digital onboarding. The company’s platforms process more than $100 billion in transactions annually, according to the acquirer, enabling banks to launch digital services more quickly without heavy reliance on internal development teams.

The deal reflects broader consolidation trends in the FinTech and banking software sector, where larger software groups are acquiring specialised platforms to offer end-to-end digital transformation capabilities to financial institutions. For Juniper and TSI Group, adding Tagit expands their portfolio of customer-facing digital banking technologies, complementing existing offerings from TSI and SysArc.

“We are pleased to join the Juniper Group and enter the next phase of Tagit’s growth,” said Sandeep Bagaria, CEO of Tagit. “As part of the Juniper Group, we are well-positioned to accelerate our product roadmap, expand our market reach, and deliver greater long-term value to our customers and partners worldwide.”

Karthik Doraiswamy, CEO of TSI Group, said, “Tagit’s talented team and high-performing technology stack are a strong addition to our portfolio. Together, we can deliver more comprehensive solutions for our customers and partners.”

As banks continue to invest in digital channels and modular, API-driven architectures, acquisitions such as this underline the growing strategic importance of scalable digital banking platforms within global financial services ecosystems.