Mitek stock price rises after ASG beefs up acquisition offer
It took issue with “opportunistic” nature of a proposal last month.
Mergers & Acquisitions/M&A
Temenos acquires SaaS vendor Avoka for $245m
Plans to strengthen its digital banking services.
Motive Partners takes majority stake in Finantix
Private equity firm gets hold of digital services provider.
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.
BlackRock to acquire equity stake in Envestnet
BlackRock gets 4.9% equity stake in a stock transaction totaling $123 million.
Tradeshift makes bid to buy Basware
California-based company reportedly in talks to purchase Finnish software maker.
Capital One makes smart purchase with Wikibuy
US firm acquires again and gets a comparison engine for online shoppers.
Temenos covets cloud cover with NuoDB investment
Vendor ups cloud and container-native database technologies.
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.
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!
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.
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.
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.
Top fintech stories this week – 12 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Crypto start-up Circle snaps up SeedInvest
Plans for token marketplace get boost from equity crowdfunding platform.
Nacha acquires Business Payments Directory Association
The union seeks to improve B2B payments in the US.
Top fintech stories this week – 28 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
US paytech Elan sold to Fiserv for $690m
Elan comes with revenues of over $170m.
Goldman Sachs to spin off Simon finance app
In advanced talks with several firms to sell its three-year-old app.
iSignthis acquires core banking tech vendor Probanx for €400,000
iSignthis paid €300,000 in cash and €100,000 in shares for Probanx.
Infosys to acquire Fluido for $76m
Tech firm to buy cloud advisory and consulting services company.
Chain and Lightyear leap into Interstellar blockchain space
Crypto ledger company finally acquired by blockchain tech firm.
SS&C to acquire fintech data provider Intralinks for $1.5bn
Acquisition brings cloud-based virtual data rooms for banking clients.
INTL FCStone acquires Swift Service Bureau from PayCommerce
“This acquisition increases our technological infrastructure.”
Payment Cloud Technologies and Tuxedo Money merge in €70m deal
New firm Omnio to offer cloud-based banking and payment services.
FIS sells Certegy cheque business
Certegy Check Services sold to Variant Equity Advisors.
Elavon expanding merchant payment line with ETS acquisition
US Bank subsidiary buys Virginia-based Electronic Transaction Systems.
Munich Re acquires IoT player Relayr
Acquisition is via its subsidiary Hartford Steam Boiler.
UBS to sell robo-advisor SmartWealth to SigFig
Swiss bank already has an equity stake in SigFig.
Latvian entrepreneurs buy Colorado National Bank for $9m
Co-owners of payments firm to profit from a Chapter 11 bankruptcy.
Shoeboxed acquired by Earth Class Mail
Receipt and business card digitisation firm unboxes some major news.
