Orion Innovation Acquires Banktech Software Services

Orion Innovation (“Orion”), a leading digital transformation and product development services firm, recently announced the acquisition of Banktech Software Services Ltd, a core banking implementation partner for global financial institutions. Banktech will complement Orion’s financial services business by bringing additional industry expertise, open banking solutions, and implementation capabilities to the company.

Banktech delivers core banking and digital banking implementation services for Temenos clients in the UK, Ireland, EMEA, and APAC. Bringing Banktech and Orion together expands the company’s capabilities in banking platforms and offerings in banking-as-a-service and SaaS.

Orion has approximately 7,000 associates and 12 major global delivery centres across North America, Latin America, EMEA, and APAC. Suchen Janjale, CEO of Banktech, will join Orion and work closely with Anoop Gala, Global Head of Financial Services at Orion, to help financial services companies accelerate their digital strategies.

“Banktech is a perfect fit for our growing financial services business,” said Raj Patil, CEO of Orion.

“Banktech increases our regional presence in the U.K., EMEA, and APAC, enhancing our ability to deliver high-value solutions and support clients in these markets,” said Gala.

Janjale said, “Orion’s global presence adds significant scale to our business and will enable more clients to leverage our collective solutions to reimagine their products and services.”