Vendor Analysis
published on Dec 09, 2022
Report Overview:
This NelsonHall vendor assessment analyzes Tech Mahindra’s offerings and capabilities in Cloud, SaaS, and BPaaS services for the banking and financial services sector
Who is this Report for:
NelsonHall’s ‘Transforming Financial Services with Cloud, SaaS, and BPaaS Services’ profile on Tech Mahindra is a comprehensive assessment of Tech Mahindra’s offerings and capabilities for the BFS sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Cloud, SaaS, and BPaaS processes and identifying vendor suitability for Cloud, SaaS, and BPaaS services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Tech Mahindra’s BFS-focused Cloud, SaaS, and BPaaS service offerings, capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization including the location of delivery locations.
Key Findings & Highlights:
Tech Mahindra has worked with financial institutions for 20 years. It has 324 financial institutions as clients. It has built its cloud services over time by:
- Developing proprietary IP focused on cloud migration and industry-specific processes (lending, payments, and wealth management)
- Placing solutions on the hyperscaler marketplace to increase ease of access for clients
- Acquiring product vendors. Key acquisitions over the past several years include:
- Digital On Us: a hybrid cloud and DevOps services provider
- Brainscale: a cloud consulting firm specializing in cloud migrations, app innovation, cloud governance & security, and managed services
- Momenton: a digital engineering and cloud-tech consultancy firm
- Tenzing: an end-to-end tech consulting firm providing services such as business & IT strategy.
Tech Mahindra will continue to focus its efforts on cloud delivery services and will increasingly productize its offerings to facilitate rapid deployment and ease of change.