Fino Payments Bank Migrates to Finacle CBS, Invests ₹200 Cr

Fino Payments Bank Ltd has successfully migrated its Core Banking System (CBS) to Finacle, a strategic investment of over ~₹200 crore. This migration establishes a scalable, modular, and future-ready technology platform crucial for the Bank’s next phase of growth, including its transition to a Small Finance Bank (SFB). The phased approach led to a temporary moderation in business volumes during Q4 FY26 to ensure system stability. The new system enhances performance, agility, transaction throughput, and shortens time-to-market for various offerings like UPI, CASA, and upcoming lending platforms. It also deepens the digital ecosystem, supporting new offerings and extending the Finacle license to the upcoming Loan Management System (LMS).