Chennai: M2P Fintech has announced signing definitive agreement to acquire BSG ITSOFT, a provider of core banking solutions.
‘The acquisition further bolsters M2P Fintech’s approach to providing a new generation cloud native platform and positions M2P Fintech among few entities globally to offer a fully integrated banking and payments stack that is built on API-first infrastructure,’ a press release said.
The platform, besides being an integrated CBS and payments stack will also cater to emerging use cases around blockchain, trade finance and aims to accelerate their adoption in mainstream banking across different geographies, it added.