Fino Payments Bank Accelerates Growth with Finacle CBS Migration

Fino Payments Bank Limited ("Fino Bank" or "Bank") has successfully migrated its Core Banking System (CBS) to Finacle, marking a major milestone in its digital transformation journey. The migration establishes a scalable, modular, and future-ready technology platform to support the Bank's next phase of growth, including its transition to a Small Finance Bank (SFB).

The migration was carried out through a carefully phased approach, with a temporary moderation in business volumes during Q4 FY26 to prioritise system stability and data integrity. Despite the scale and complexity involved, the transition was completed within the anticipated timeline, underscoring strong execution and operational discipline.

Commenting on the development, Ketan Merchant, Interim CEO, said: "This migration represents a strategic investment of over ~₹200 crore in building a robust digital foundation for the future. The new modular architecture allows efficient growth across liabilities, lending, and payments. It also significantly accelerates product launches, strengthening our readiness for the SFB journey."

Vinod Kumar, Chief Information Officer, added: "Finacle CBS delivers a step change in our technology capabilities. Its agile, scalable design enhances transaction throughput, improves system resilience, and shortens time-to-market across UPI, CASA transactions, merchant portal solutions, and upcoming lending platforms, creating a more integrated digital ecosystem."

The upgraded architecture introduces a decoupled, modular framework that allows independent scaling of business lines while improving processing efficiency. This is further strengthened by the Bank's 'Hollow the Core' (HTC) initiative, which offloads high-frequency transactions from the core system, improving performance and reducing failure rates.

The migration also deepens the Bank's digital ecosystem, enabling tighter integration across merchant platforms, expanded digital capabilities, and support for new offerings such as virtual cards and the National Common Mobility Card (NCMC). In addition, the same Finacle license will be extended to the Bank's upcoming Loan Management System (LMS), ensuring value creation and alignment with its SFB roadmap.

With enhanced scalability, faster innovation cycles, and a resilient digital backbone, Fino Bank is wellpositioned to accelerate financial inclusion, strengthen customer engagement, and deliver sustained long-term value to all stakeholders and steadily inching towards SFB.

Shares of Fino Payments Bank Limited was last trading in BSE at Rs. 134.80 as compared to the previous close of Rs. 132.80. The total number of shares traded during the day was 17768 in over 394 trades.

The stock hit an intraday high of Rs. 143.40 and intraday low of 134.00. The net turnover during the day was Rs. 2407713.00.

Source : Equity Bulls

Keywords

FinoPaymentsBank Migration CoreBankingSystem Finacle