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Bahwan Cybertek

“Can a mid-tier IT services company become the dominant Temenos-led core banking implementation and model-bank development partner across South and Southeast Asia?”

Founded1999
HQChennai, India
FoundersHind S Bahwan, Durgaprasad Shanmugam
Total raised$1.23M
IndustryVertical SaaS / Banking & Financial Services
The story

Founded in 1999 as an IT services and solutions company under the Hind Bahwan conglomerate, BCT initially focused on Oil & Gas, Telecom, and Government sectors across the Middle East and Asia. Over time, BCT expanded into Banking & Financial Services (BFSI) by building IP-led products such as a national payments platform (Cuecent) and offering digital transformation consulting to financial institutions. The 2024 Temenos partnership marks a strategic deepening of its BFSI focus, positioning BCT as a system integrator and model-bank developer for core banking platforms across South and Southeast Asia.

Last 12 months
2024-09
Product timeline
1999
Bahwan CyberTek (BCT) founded in Chennai, India as part of the Hind Bahwan Group of Companies, focusing on IT services for Oil & Gas, Telecom, Power, and Government sectors.· pivot
2018
BCT grew to 3,000+ associates serving 1,000+ customers across 20 countries, expanding into Banking, Supply Chain, and BPO verticals.· pivot
2020
BCT published corporate overview highlighting Cuecent platform for business process management and national payment systems as key IP products.· banking
2024
BCT signed a Multi-Country Model Bank Development Agreement with Temenos to develop and market Temenos Country Model Banks across India, Sri Lanka, Nepal, Bangladesh, Cambodia, Philippines, and Taiwan.· banking
The stack
Accounting gap: none