Falcon Partners with Tech Mahindra to Power AI-Driven Cloud Banking Transformation

Falcon, one of India’s fastest-growing cloud-native fintech infrastructure companies, has announced a strategic partnership with Tech Mahindra to integrate its next-generation payments platform with the IT giant’s ‘AI Delivered Right’ strategy. The partnership aims to help banks modernize their legacy systems, accelerate product launches, and enhance customer engagement using cloud-native and AI technologies.

A Next-Gen Collaboration

This collaboration marks a deep technology integration and go-to-market alliance. Together, Falcon and Tech Mahindra will enable banks and financial institutions to launch innovative products faster, reduce operational costs, and strengthen compliance frameworks through intelligent automation.

Falcon’s modular, API-first architecture allows for rapid product rollout and seamless scalability. Its core offerings include retail and commercial credit cards, prepaid cards, wallets, Credit Line on UPI (CLOU), and both personal and business loan platforms.

Tech Mahindra, a leader in enterprise transformation, will integrate Falcon’s digital payment modules into its banking and financial services suite, providing banks with enterprise-grade reliability and AI-powered innovation.

Global Focus and Market Expansion

The partnership will target India, Southeast Asia, and Europe, regions witnessing strong demand for digital banking modernization. Falcon’s technology will strengthen Tech Mahindra’s financial services portfolio, aligning with the company’s mission to accelerate AI and digital transformation globally.

“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 provides clients with a compelling value proposition combining reliability, compliance, and rapid product innovation,”
said Pankaj S. Kulkarni, Head of BFSI – Europe, Tech Mahindra.

Falcon’s Growth Trajectory

Founded by Priyanka Kanwar, Falcon has grown into a key fintech infrastructure provider in under four years, onboarding more than 15 financial institutions including private, public, small finance, payment, and cooperative banks.

Its high-throughput payments engine supports millions of transactions daily and allows banks to migrate from legacy cores to modern, cloud-native systems without operational disruption.

“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,”
said Priyanka Kanwar, Co-founder and CEO, Falcon.
“It reflects our ambition to build not just for India, but for global markets where transformation is urgent.”

Why It Matters

This partnership represents a pivotal moment in India’s fintech landscape — merging fintech agility with enterprise-grade reliability. With AI at its core, the Falcon–Tech Mahindra alliance will redefine how banks approach modernization, offering faster go-to-market capabilities, enhanced customer experiences, and scalable digital ecosystems.

By leveraging AI-driven decisioning, modular APIs, and real-time payments, this collaboration sets a benchmark for how technology and financial institutions can co-create the future of banking infrastructure.

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