FISERV INC acquired Finxact, Inc., a transaction completed in April 2022.
Finxact, Inc. operates in Fintech / cloud-native digital banking. Finxact, Inc. ('Finxact') is a developer of cloud-native banking solutions powering digital transformation throughout the financial services sector; Fiserv acquired the remaining majority controlling ownership interest, advancing its digital banking strategy across account processing, digital and payments solutions.
Cloud-native core banking platform that advances Fiserv's digital banking strategy. Disclosed in Fiserv's FY22 Form 10-K; integrated into the noted operating segment.
Finxact, Inc. ('Finxact') is a developer of cloud-native banking solutions powering digital transformation throughout the financial services sector; Fiserv acquired the remaining majority controlling ownership interest, advancing its digital banking strategy across account processing, digital and payments solutions.Fiserv FY22 Form 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.