Tech Mahindra Acquires Three Cash Management Products From Finastra
What's happening
Tech Mahindra has acquired Finastra's Cash Management product suite, taking ownership of three platforms: Fusion Cash Management (FCM), Fusion Virtual Accounts (FVA), and Fusion Liquidity Management (FLM), along with the associated intellectual property and capabilities. The deal expands Tech Mahindra's banking software portfolio as it bets on cash management and real-time liquidity tools for corporate and institutional banks. Financial terms were not disclosed. The move complements Tech Mahindra's broader payments push, which includes a separate partnership with Mastercard to embed virtual card and B2B payment capabilities into ERP and procurement platforms.
Why it's trending
Banks and corporates are racing to modernize cash and liquidity tooling, and Tech Mahindra is snapping up IP to offer end-to-end solutions now.
SignalHolding at its usual pace, confirmed across 1 independent source type.
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If your bank uses Fusion Cash Management, Fusion Virtual Accounts or Fusion Liquidity Management, your vendor just changed, here's what to expect next for contracts, support and roadmaps right now.
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Original sources8
- Tech Mahindra Acquires Finastra’s Cash Management Product Suite
India-based consulting services company Tech Mahindra announced it has acquired the Cash Management product suite of financial services software company Finastra. Under the agreement, Finastra is offloading Fusion Cash Management (FCM), Fusion Virtual Accounts (FVA), and Fusion Liquidity Management (FLM). Specifically, Tech Mahindra has acquired the intellectual property associated with the FCM, F
FinovateOct 26 - Tech Mahindra and Mastercard Partner to Accelerate Embedded B2B Payments Through ERP and Procurement Platform IntegrationTradingViewOct 26
- Tech Mahindra and Mastercard team on embedded B2B payments
Tech Mahindra (NSE: TECHM), a leading provider of AI-powered digital transformation and technology consulting solutions to enterprises across industries, announced a partnership with Mastercard to help global enterprises modernize B2B payments by embedding secure virtual card and payment capabilities directly into their enterprise resource planning (ERP) and procurement platforms.
FinextraOct 26
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