Tech Mahindra acquires Finastra's cash management product suite
Tech Mahindra has acquired Finastra's Cash Management product suite: Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management.
Tech Mahindra has acquired Finastra's Cash Management product suite: Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management. The deal, announced on 23 October, includes the intellectual property for the three products and for CashPlus, Global CashPlus, APIs, payables, receivables, balance and transaction reporting, cash-flow forecasting and virtual accounts. Financial terms were not disclosed.
Product engineering and customer success staff move to Tech Mahindra, which will keep supporting existing customers and place the suite in its banking, financial services and insurance portfolio. Tech Mahindra has been Finastra's exclusive global implementation partner for the Cash Management platform since August 2024.
Finastra, backed by Vista Equity Partners, says Tech Mahindra is well placed to take the solutions forward.
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