Fino Payments Bank said on Wednesday, April 15, that it has completed the migration of its core banking system to Finacle, investing about ₹200 crore to build a scalable technology backbone as it prepares to transition into a small finance bank.
The lender said the upgrade marks a key milestone in its digital transformation, enabling faster product launches, improved system resilience, and higher transaction processing capacity across payments and lending businesses.
The migration was executed in phases, with a temporary moderation in business volumes during the fourth quarter of fiscal 2026 to ensure system stability and data integrity, the company informed the exchanges.
Also Read: Brigade Enterprises signs JDA to develop ₹7,200 crore Bengaluru township
The new modular architecture allows independent scaling of business lines and supports upcoming offerings, including lending platforms, virtual cards and the National Common Mobility Card.
Fino Payments Bank, which received in-principle approval from the Reserve Bank of India in December 2025 to convert into a small finance bank, said the technology upgrade strengthens its readiness for the transition.
“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,” Interim CEO Ketan Merchant said in a release.
The Finacle licence will also be extended to the Bank’s upcoming Loan Management System (LMS).
The bank processes high-volume, low-cost transactions focused on financial inclusion, handling ₹3.6 lakh crore in transactions in the first nine months of fiscal 2026.
Shares of Fino Payments Bank ended at ₹134.65, which is 1.84% up for the day.
Also Read: ICICI Lombard Q4 net profit up 7% to ₹547 crore on 17% premium growth; ₹7 dividend declared
!– /wp:paragraph –>
