Falcon has partnered with Tech Mahindra, a global provider of technology consulting and digital solutions.
The collaboration aims to combine Falcon’s advanced payments platform with Tech Mahindra’s ‘AI Delivered Right’ strategy to help banks worldwide modernise their infrastructure swiftly and efficiently.
The partnership involves deep technology integration and a joint go-to-market strategy. Falcon’s cloud-native stack, covering retail and commercial credit cards, prepaid instruments, wallets, Credit Line on UPI (CLOU), loans, and a high-throughput payments engine, will be embedded into Tech Mahindra’s banking suite. This integration is expected to empower financial institutions to accelerate product launches, reduce operational costs, and deliver seamless customer experiences.
Pankaj S. Kulkarni, Head for BFSI – Europe at Tech Mahindra, stated that the collaboration would help bridge gaps in governance, risk management, and regulatory alignment across FinTech ecosystems.
“By integrating Falcon’s issuing and payment processing platforms into Tech Mahindra’s banking offerings, we aim to combine FinTech agility with enterprise-grade reliability. This will help clients rapidly launch compliant and innovative financial products across diverse markets,” he said.
The partnership positions Falcon as a global player in modern banking infrastructure, initially targeting Southeast Asia and Europe. Falcon’s Co-founder and CEO, Priyanka Kanwar, described the alliance as a validation of the company’s capability to deliver at Tier-1 scale.
“This collaboration allows us to extend our modern rails into new geographies while proving that banks can migrate from legacy cores without compromise. Our goal is to build for global markets where digital transformation is most urgent,” Kanwar noted.
Falcon’s platform integrates a modern processing core, application layer, and program management tools enhanced with AI-driven portfolio optimisation. Currently, it powers more than 15 million accounts and handles over Rs 16,600 crore (approximately $2 billion) in payment flows. The modular system enables banks to launch new products within weeks, achieve up to 60 to 80 per cent cost reductions, and scale seamlessly across India and abroad.
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