Information Technology
United Fintech acquires Commercial Banking Applications (CBA) with backing from leading global banks
United Fintech and CBA share a common goal: providing banks with scalable, cutting-edge technology. CBA serves a strong network of leading banks across Europe and Asia , with ABN AMRO standing out as one of its top-tier banking customers. This highlights the trust major financial institutions place in CBA's cutting-edge solutions. It also demonstrates the strength and reliability of CBA's solutions in supporting major financial institutions. By integrating CBA's API-driven trade finance and payments technology, United Fintech enhances its ability to support financial institutions in their digital transformation. This acquisition strengthens automation, efficiency, and security for commercial banks worldwide, ensuring they can seamlessly integrate innovative fintech solutions.
CBA's expertise in API-based banking technology, combined with United Fintech's global reach, will drive operational efficiency for financial institutions. United Fintech remains committed to expanding its platform through strategic acquisitions and partnerships, reinforcing its position as a leading fintech provider for banks seeking advanced digital solutions.
As part of the deal, 15% of the total consideration has been reinvested into United Fintech shares, ensuring that CBA's employees remain actively engaged in the company's future. This reinvestment reflects a strong commitment from CBA employees to the long-term vision of United Fintech, reinforcing a shared ambition to drive innovation in commercial banking technology. By aligning interests, this structure allows to leverage the combined expertise and scale solutions for financial institutions worldwide.
Christian Frahm , CEO & Founder of United Fintech, commented:
Rolf Hauge , CEO & Founder of CBA, expressed his enthusiasm about becoming part of United Fintech:
For more information, please contact rossen@unitedfintech.com or +45 20729972.
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/united-fintech-uk/r/united-fintech-acquires-commercial-banking-applications--cba--with-backing-from-leading-global-banks,c4100031
The following files are available for download:
View original content:https://www.prnewswire.co.uk/news-releases/united-fintech-acquires-commercial-banking-applications-cba-with-backing-from-leading-global-banks-302367205.html