Private equity firm Pollen Street Capital has agreed to acquire the Universal Banking (UB) division of financial software provider Finastra, marking another step in the ongoing reshaping of the lender-facing banking technology market, according to a report by Reuters.
The financial terms of the transaction have not been disclosed.
The UB business delivers core banking functionality to financial institutions worldwide, covering areas such as current account and deposit administration, lending inf...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.