Tech Mahindra has announced the acquisition of Avant Techno Solutions (Alluri Technologies Inc), a Canada‑based firm specializing in payments modernization and wealth platforms.
The acquisition is expected to further strengthen Tech Mahindra’s service capabilities and deepen its industry expertise within the BFSI (Banking, Financial Services, and Insurance) vertical.
The addition of Avant will enhance Tech Mahindra’s offerings across key areas including Real Time Rail capabilities, ISO 20022 migration, while creating new opportunities in open banking, commercial lending, regulatory compliance, and fraud and financial crime.
Strategic alignment
The strategic alignment also brings experienced sector talent and established client relationships, enabling faster and more scalable delivery across key markets.
“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,” stated Roshan Shetty, BFSI and Public Sector Head- Americas, Tech Mahindra.
Payment platform
“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,” asserted Srinivasa Varma Alluri, CEO, Avant Techno Solutions.
Founded in 2017, Avant brings deep expertise across payments and wealth management platforms, along with emerging AI‑led capabilities focused on delivering tangible business value.
