Two banking software companies saw their stock rise Friday (June 16) after a report that one is considering a takeover offer. nCino’s stock leaped 25% Friday, while that of one of its competitors, Q2 Holdings, rose 5%, Seeking Alpha reported Friday. The report attributed the gains to...
Isn’t it surprising to know that 70 percent of financial institutions are just now adopting cloud computing solutions? Or how about this fact: over 90 percent of the world’s top 100 banks still use physical mainframes running 20th century style. So, what’s holding up the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes India’s Financial Software and Systems (FSS) investment in South African payment processor Ecentric Payment Systems. In addition, African challenger bank Vista Group has selected banking software company Temenos to...
Mobile-first bank Moven has signed a memorandum of understanding (MoU) with financial services provider SBI Group, the Japanese owner of SoftBank. According to a report in The American Banker, SBI will receive one seat on Moven’s six-member board, and the companies will create a joint venture in...
July 17, 2024
Banking software provider Matera has landed a $100 million investment from growth investor Warburg Pincus. The new funding, announced in a news release Wednesday (July 17), will help finance Matera’s continued expansion into North America and fuel product development. Matera has its roots in Brazil, a country that — per the release — “is a […]
June 18, 2023
Two banking software companies saw their stock rise Friday (June 16) after a report that one is considering a takeover offer. nCino’s stock leaped 25% Friday, while that of one...
February 01, 2018
Mobile-first bank Moven has signed a memorandum of understanding (MoU) with financial services provider SBI Group, the Japanese owner of SoftBank. According to a report in The American Banker, SBI will...
