Motive Partners takes majority stake in Finantix
Private equity firm gets hold of digital services provider.
Mergers & Acquisitions/M&A
First Abu Dhabi Bank goes live on Temenos T24 core system
The consolidation of FGB and NBAD systems is now complete.
Boku takes on mobile with $112m Danal acquisition
Will take on all its pure mobile security solutions.
CUNA Mutual Group acquires lendtech Mirador
US firm aiming for digital lending market for credit unions.
Tibco acquires data manager Orchestra Networks
It will get EBX to add to its Connected Intelligence platform.
Q2 acquires Gro Solutions
Digital banking solutions firm buys account opening technology provider.
Cynergy Bank launches rebrand following acquisition
Previously known as Bank of Cyprus UK.
Accenture buys banking tech vendor SEC Servizi
Firm looking for core banking and digital action in Italy’s financial sector.
BlackRock to acquire equity stake in Envestnet
BlackRock gets 4.9% equity stake in a stock transaction totaling $123 million.
Sberbank buys BPO firm Intercomp
Only revealed now after regulatory approval.
PayPal’s iZettle acquisition raises UK competition concerns
UK’s Competition and Markets Authority poking around.
Tradeshift makes bid to buy Basware
California-based company reportedly in talks to purchase Finnish software maker.
UK watchdog investigating Nasdaq’s $190m bid for Cinnober
Competition and Markets Authority checking things out.
Capital One makes smart purchase with Wikibuy
US firm acquires again and gets a comparison engine for online shoppers.
Moneyfarm moves on Germany with Vaamo acquisition
This not so little asset manager went to a new market.
Convoy inspires Tandem Bank’s Hong Kong expansion
Financial services company invests $15m in UK challenger and forms partnership.
Poland’s Braintri merges with iCompass
Looking for international markets.
Temenos covets cloud cover with NuoDB investment
Vendor ups cloud and container-native database technologies.
France’s Casino Group takes 5% stake in Lyf Pay
Casino bets on making “shopping experience richer” via mobile firm.
CYBG axes banking tech deal with ex-Barclays chief
Follows CYBG’s £1.7 billion takeover of Virgin Money.
Finablr takes majority stake in digital gifting firm Swych
Payments and foreign exchange solution platform boosts its stake in the firm.
Goldman Sachs acquires financial modelling firm ClearFactr
Bank boosts tech capabilities with purchase of one-man operation.
Talend seeks some data talent in Stitch acquisition
Stitch will be rebranded as Stitch Data Loader.
Fidor splitting from France’s BPCE
Allegedly due to lots of business clashes and drama.
Credit Karma acquires Noddle to launch in UK
Financial health company is once again expanding with sixth acquisition.
Factris receives €1.5m funding and acquires Crown Finance
The firm offers factoring to small and medium-sized enterprises in Europe.
The value of regulatory diligence in fintech M&A
Proposing a framework for making valuation adjustments in fintech M&As deals.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
White Clarke acquires equipment finance software provider Insyston
Expansion plans in the Australian, European and North American equipment finance sectors.
BML Istisharat in new insurtech and banking tech projects
An insurtech project in Algeria and a core banking tech one in Jordan.
NTT Data to acquire Canada’s Sierra Systems
The acquisition will provide Tokyo-based NTT Data with a “significant” presence in Canada.
Red Hat to be acquired by IBM in “game changing” $34bn deal
With the acquisition of Red Hat, IBM will become the world’s #1 hybrid cloud provider.
BGL Group acquires PFM app Bean
BGL will buy Saverd, the company behind personal finance management (PFM) app Bean.
Umpqua Bank sells fintech unit to banking tech firm Kony
Kony bucks status quo by acquiring tech from Umpqua Bank.
Purchasing Power takes over DoubleNet Pay
Financial wellness platform DoubleNet Pay has agreed to be acquired by Purchasing Power.
Banking tech and lendtech vendor Sword Apak sold to Sopra Steria
Sword Apak will be merged into the Sopra Banking Software business.
NCR steps into payments with $184m JetPay acquisition
NCR and JetPay anticipate “a smooth transition” for customers, channel partners and employees.
Jack Henry acquires Bolts for digital account opening
US-based Bolts Technologies offers boltsOPEN, a digital account opening solution.
Wanfuteng Bank live with Probanx CorePlus core banking system
Wanfuteng Bank joins 16 other users of Probanx’s CorePlus core banking system across the globe.
Top fintech stories this week – 12 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
