<h1>Tech and AI acquirer buys core banking implementation firm to boost Banking-as-a-Service, modernization, cybersecurity, and financial inclusion</h1> An acquirer in the technology and AI transformation sector purchased a Bengaluru-based core banking implementation firm to bolster its financial services practice and Banking-as-a-Service offering; the target employs about 340 staff, holds longstanding core banking partnerships, and serves banks across the Global South. The deal is positioned to accelerate delivery of scalable core modernization, application services, platform hosting, and cybersecurity for emerging-market banks, enhancing regulatory compliance and financial inclusion capabilities. Transaction financial terms were not disclosed; the target's operations will be integrated into the acquirer's global banking practice.