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SoFi to Buy Banking-Infrastructure Firm Technisys for About $1.1 Billion
source link: https://fintechranking.com/2022/02/23/sofi-to-buy-banking-infrastructure-firm-technisys-for-about-1-1-billion/
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SoFi to Buy Banking-Infrastructure Firm Technisys for About $1.1 Billion
SoFi Technologies Inc. is buying banking-software maker Technisys SA for about $1.1 billion, the latest in a string of deals designed to transform the lender into a one-stop financial shop.
SoFi will use Technisys’s platform to roll out personalized financial services to its own banking customers. It will also allow other banks and financial-technology companies to use the platform, which today is mostly used by banks in Latin America.
Read more: WSJ
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