The partnership will combine Falcon’s advanced payment technologies with Tech Mahindra’s delivery expertise to support banks and financial institutions in accelerating product launches, reducing operational costs, and enhancing customer engagement.
The collaboration has been structured as both a deep technology integration and a go-to-market partnership.
Falcon specialises in cloud-native banking infrastructure that encompasses retail and commercial credit cards, prepaid cards, wallets, Credit Line on UPI (CLOU), and both personal and business loans.
Its high-throughput payments processing engine and modular architecture allow financial institutions to launch new products rapidly while maintaining cost efficiency.
Tech Mahindra is renowned for its technology consulting, enterprise digital transformation, and innovation-led services across sectors including banking, telecommunications, and manufacturing.
Its ‘AI Delivered Right’ framework underpins its strategy to enhance operational efficiency and accelerate digital maturity for global enterprises.
Through this partnership, Falcon will embed its core banking and payment modules into Tech Mahindra’s banking suite, enabling the combined offering to deliver enterprise-grade scalability and compliance.
The alliance will initially target Indian and international markets, with a focus on Southeast Asia and Europe, where demand for API-first, modern banking infrastructure is surging.
The announcement underscores Falcon’s progress as a next-generation infrastructure provider. In under four years, the company has onboarded more than 15 financial institutions, including private, public, small finance, payment, and cooperative banks.
Tech Mahindra head for BFSI – Europe Pankaj S Kulkarni 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.”
Falcon co-founder and CEO Priyanka Kanwar said, “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.”
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