New Delhi, India – 17 November 2021: Comviva, one of the global leaders in providing digital financial solutions today announced a strategic partnership with Strands to provide an integrated suite of intelligent digital banking, wallet and payment solutions.

Through this partnership, Comviva will leverage Strands’ smart Personal Finance Management (PFM) solution to enable banks and financial service providers to deliver personalized and contextual digital offering to their consumers, enhancing consumer-engagement and generating cross and up-sell opportunities.

Speaking on the partnership, Srinivas Nidugondi, Chief Growth & Transformation Officer at Comviva said, “Comviva is focused on enhancing consumer experience by embracing next generation technologies.

Our collaboration with Strands will allow us to leverage data-analytics, Artificial Intelligence and Machine Learning driven Personal Finance Management solution to provide enhanced digital banking and payment experience. For banks, financial institutions, and digital wallet providers the PFM solution will help to accelerate innovation, increase user engagement, create up-sell and cross-sell opportunities and generate greater consumer long-term value and brand loyalty.”

Strands offers innovative financial solutions such as Personal Finance Management to over 700 banks and financial institutions in more than 30 countries, providing personalized digital experience to over 100 million consumers. The PFM developed by Strands, empowers digital banking and wallet users to get an aggregate view of all their accounts, track all the financial transactions and get a complete view of their income, expenses and cash flow through visual dashboards. Users can monitor expenses and income over a given period of time in terms of categories such as food, transport, utilities, leisure, etc. With detailed insights on income and expenses, users can leverage the PFM to create monthly budgets and closely track them to achieve their personal saving goals.

With Strands PFM, users can have complete control over their day-to-day cash flows through visualization of their past and upcoming transactions in a calendar heat map. Using in-built pattern recognizer, the PFM can forecast upcoming income, expenses and cash-flows, enabling users to take intelligent decisions and manage their finances better. Users can anonymously compare their financial behaviour with peers belonging to the same age group, gender, location or income group and create smarter financial goals aligned with their social group.

Speaking on the partnership, Erik Brieva, CEO of Strands said, “In Comviva, we have a leading partner with whom to deliver an enhanced personal banking experience through Strands PFM, Like Strands, Comviva has a global reach and is committed to developing truly innovative digital financial solutions. PFM and Comviva’s mobiquity® banking suite naturally complement one another. We look forward to working closely with Comviva in continuing to push the boundaries of financial innovation and, as a result of our partnership, enabling banks to improve the financial services experience of millions of their customers around the globe.”

Users can set reminders for upcoming payments or alerts to fund the account for future payments, thus, ensuring that users pay on time without the hassle of remembering the payment date. The PFM tool also provides proactive, actionable notifications to users in real-time on breaching the spending limits, eliminating the element of surprise from users’ financial future. Strands leverages data driven predictive analytics, Artificial Intelligence and Machine Learning capabilities to provide personalized financial advice and recommendations to users helping them to build a secure financial future.

Comviva flagship mobiquity® Product Suite, powers over 70 digital banking, wallet and payment services in more than 50 countries, serving over 130 million consumers and processing 7 billion transactions valuing over $130 billion annually.

About Strands

Strands is a FinTech software company, part of the CRIF Group, which develops AI-driven solutions for banks and financial institutions to help increase customer engagement and generate new revenue through digital channels.

With the mission of improving the bank-client relationship, Strands draws on its more than 15 years’ experience in Big Data, Machine Learning, and Artificial Intelligence, developing highly-personalized digital money management solutions that empower people to better manage their lives and their businesses, and to make smarter financial decisions.

Headquartered in Barcelona (Spain), Strands has a strong presence in Europe, North and Latin America, and Asia, and has collaborated on delivering more than 700 digital banking implementations worldwide.

Strands PFM (Personal Financial Management)

Financial control, foresight and wellbeing for retail banking customers. Driven by Artificial Intelligence, Strands’ PFM means smarter money management for the customer, improved engagement and a greater share of wallet for the bank.

About Comviva Technologies Ltd.

Comviva is changing the world through digital experiences. Our innovative portfolio of digital solutions and platforms bring greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and bring efficiency. From maximizing customer lifetime value to enabling large scale digital transformation, we partner globally with organizations in the communications and financial industry to solve problems fast and transform for tomorrow. Comviva solutions have been deployed by over 130 Communication Services Providers and Financial Institutions in more than 90 countries and have delivered benefits of digital and mobility to billions of people around the world. For more information, visit us at

For further enquiries, please contact:

Sundeep Mehta
PR & Corporate Communications
Comviva Technologies Ltd.

Fion Fok
Channel Partnership Director



Comviva is changing the world through digital experiences. Our innovative portfolio of digital solutions and platforms brings greater choice, faster time to market, and flexibility to meet our customers’ evolving needs better as they...