India, Jan. 20 -- UST acquires Tailwind Business Ventures in a move aimed at strengthening its position in the banking and financial services sector while expanding its footprint in South America. The acquisition adds domain expertise and delivery capacity as demand for digital banking implementation and services continues to grow.

Tailwind Business Ventures is a Texas-based fintech company founded in 2003 as Integritas Solutions Group. It operates from Austin, Texas, and Rio de Janeiro, Brazil, and expanded to Sri Lanka in 2009, followed by a delivery centre in Portugal in 2019. The company employs more than 220 people globally.

With this acquisition, UST plans to increase its share of digital banking solutions implementation and suppo...