ServiceNow has invested $40 million for a 5% stake in Indian banking software company BusinessNext, valuing it at $700 million. BusinessNext, which serves over 70 banks across India, Southeast Asia, the Middle East, and the U.S., will leverage ServiceNow’s global sales network to expand its AI-driven banking workflow solutions. The partnership combines BusinessNext’s customer-facing banking expertise with ServiceNow’s strength in workflow automation and back-office systems, aiming to accelerate AI adoption in financial services worldwide. This strategic move supports BusinessNext’s growth beyond India and enhances ServiceNow’s presence in the banking sector amid rising demand for AI-native enterprise software.
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