Banking Products | Tech Mahindra

Seamless Digital Banking

Our banking experts provide end-to-end system integration and transformation services, including legacy modernization, cloud transformation, product implementation, system upgrades, data migration, quality assurance and automation, analytics and insights, regulatory compliance. With extensive experience in digital banking solutions such as Temenos, Avaloq, FIS, Finastra, and more, we ensure a seamless digital transformation.

Our Services

Managed Implementation Services

We have vast experience in end-to-end implementation services aligned with each product's recommended approach and methodology.

Consulting

Instead, the goal is to avoid replicating the "as-is" situation in a new system and craft a reimagined landscape that aligns with standard banking processes, resulting in improved function and operational efficiency.

System Integration

Tech Mahindra is a leading system integrator with extensive experience delivering comprehensive business and system integration services. Our proven approach ensures the methods best suit our clients' unique circumstances.

Application Maintenance and Support

We understand the intricate nature of banking operations and the evolving requirements for providing robust and reliable run-the-bank (RTB) and change-the-bank (CTB) services.

Upgrade Factory

Tech Mahindra provides a smooth, simplified, and standardized deployment methodology. Our low-risk and reduced time-to-market upgrades using frequent online deployments accompany complete documentation and professional consulting services.

Managed Testing

Our range of product testing services includes automation, which is provided by a specialized product testing team supported by a large QA team.

Expert Training

Tech Mahindra provides expert training services to financial institutions on effectively using banking products to manage business and application services.

Data Migration

We enable clients to execute complex data migration on time and within budget. With a solid track record of successful migration projects, we have developed an optimal methodology that supports the complete implementation process.

Cloud Services

A comprehensive cloud services portfolio allows enterprises to choose the preferred cloud approach to address their business needs by leveraging Tech Mahindra cloud accelerators.

Platforms and Products

Temenos Practice

Tech Mahindra is a trusted Temenos Global Partner with 25 years of partnership working with global financial institutions. We are also a Temenos Certified Services Partner, Managed Upgrade Certified Partner, Managed Migration Certified Partner, and Certified Delivery Partner for products such as Transact, Infinity, Payments, Analytics, and FCM. We have developed various tools and accelerators by leveraging our expertise in Temenos products and technologies to ensure superior quality, faster execution, and cost-effective solutions.

We provide end-to-end services for digital transformation, core modernization, cloud enablement, upgrades, quality assurance, run-the-bank, and change-the-bank activities.

  • 500+ projects executed globally
  • 275+ clients served
  • 300+ TLC memberships
  • 3500+ certifications

Finastra

Tech Mahindra is a strategic partner of Finastra, an exclusive global services partner for cash management, and a preferred partner for trade innovation and corporate channel solutions. We also provide specialized services for LoanIQ and Kondor. The partnership delivers modern platforms that enable corporate and institutional banks to innovate, streamline, and digitalize their business operations to enhance customer satisfaction. It also offers integrated end-to-end cross-functional offerings spanning digital advisory, system integration, integrated infrastructure, and cloud services.

  • Dedicated Finastra CoE
  • Provides end-to-end system implementation upgrade, customization, enhancements, migration, testing, maintenance, and support.
  • Supports clients globally
  • A large pool of certified local/global talent pool

Avaloq Practice

Tech Mahindra has been a global implementation partner for Avaloq since 2006, offering end-to-end services. We support clients throughout the Avaloq transformation journey, from requirement analysis and system selection to implementation, testing, and post-support. With a team of certified professionals and deep domain experts, we offer a wide range of Avaloq products and services, pooling the best talent to get the best solutions.

  • A large, experienced team of Avaloq experts
  • Global delivery competency centers in APAC, ME, and Europe
  • Implementation, migration, and transformation services
  • Providing customers with bespoke services, solutions, and BAU enhancements.

FIS Practice

Tech Mahindra, a global IT partner for FIS, established a dedicated FIS Center of Excellence in 2018 to focus on FIS product suites, including OPF, Systematics, Profile 8, Originate, and Cortex. We provide services across the FIS platform, including API development, commercial digital payments, wealth and retirement solutions, channel modernization, and payments.

TranProMatic™

Our fully automated, cloud-agnostic solution provisions infra and deploys containerised core banking solutions with one click. It automatically integrates UI and backend core components and deploys in a landing zone created per industry-standard reference architecture.

  • 90% reduction in environment and infrastructure management efforts
  • Significant decrease in infra cost (pay per use)
  • Zero manual dependency to bring up the core banking application
  • Reusable, consistent, high stability, and overall improved efficiency
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SaveTax

Tech Mahindra offers a multi-jurisdictional solution for fiscal calculation and reporting. SaveTax is a robust solution for banks with multinational operations that accommodates a variety of tax reporting schemes. The product’s rules-based engine and unique architecture enable it to cope with increasingly complex, ever-changing tax rules. It allows a state-of-the-art, three-dimensional perspective on tax calculation.

Platform as a Service

Our fully integrated core banking platform features pre-configured products tailored to specific business segments:

  • Reduced implementation timeline and integration with APIs
  • Assures the use of a leading cloud provider Minimal IT effort and infrastructure
  • Flexibility and quick time to market

Payment Modernization

Our automated configuration tool accelerates the configuration and implementation of Funds Transfers to Temenos PayTransfers (TPH). In contrast, an API-driven integration tool streamlines the integration of legacy systems with TPH.

  • 60% reduction in configuration and API development work
  • Significant reduction in overall implementation timelines to 5 months
  • Automated regression test pack suite to fast-track system testing
  • Reusability of products within a particular region

Next-Gen Test Automation Solution

Our test automation framework for core banking systems, built on the Selenium framework, integrates with test management and DevOps tools. The automation suite simplifies Model Bank with a powerful yet easy-to-use solution for beginners and experts.

  • Business Content: Enables writing in English and coding with Selenium.
  • DevOps Integration: Seamless integration with the CI/CD pipeline.
  • Test Management: Easily publish test results.

Test Data Management Tool

  • Enables users to extract data from one Temenos test environment and transfer it to multiple target environments.
  • Allows data editing, copying, deletion, and creation
  • Accommodates multiple target environments

Source Control Manager

Source Control Manager (SCM) is an automated deployment and release management solution that lets developers and release managers centrally control changes to all Temenos transaction technical environments. It ensures that system enhancements are accurately applied and eliminates the risk of human error, thereby reducing associated costs. SCM gives our customers a clear and cost-efficient view of the lifecycle of their system enhancements throughout the various stages of development, testing, and release.

Systematic Extract Migration

SEM is a Temenos Transact-compliant, parameter-based data migration, universal interface, and workflow management solution tool. It allows users to create “intelligent” interfaces and automate Transact-based workflows based on external and internal triggers. This powerful workflow management solution allows Temenos Transact users to create personalized workflows.

Leading the Way

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Case Study

Banking Ensemble

Bermuda’s preferred bank successfully migrated to a comprehensive banking ensemble with TechM's proficiency.

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Case Study

Wealth Management Suite

Top ranked bank in Asia with a complex portfolio wanted to evolve with a strong wealth management suite.

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Case Study

Private Banking Solution

Global leading bank, with a history of over 150 years, chose TechM as their implementation partner for their private banking solution.

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Case Study

Transformation Upgrade

Vietnam’s leading commercial bank underwent an upgrade transformation using TechM’s expertise.

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Whitepaper

Modernizing Banking Accelerating Innovation

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Brochure

Temenos Wealth Capabilities

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Temenos Digital Competency

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Temenos Banking Products and Competency Overview

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Data Migration Services

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Temenos Quality Assurance Services

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Temenos Upgrade Factory

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