AI-driven fintech solutions provider Finovifi has acquired Modern Banking Systems (MBS) in Nebraska, US.
Finovifi, which caters to community banks, did not reveal the price it paid for the purchase.
Based in Omaha, MBS has over five decades of core processing expertise and serves as a partner for banks across the nation.
MBS CEO Mike Cronin said: “I am incredibly proud of what we’ve built at Modern Banking Systems over the years, serving community banks with technology that empowers them to thrive.
“Joining forces with Finovifi is the perfect next step for the company’s legacy, as their innovative vision and commitment to customer success align perfectly with our values.”
The integration of Finovifi’s suite of solutions, including FraudSentry, FraudXchange, SilverSafe, and ComplyPilot with MBS’s platform, is expected to offer increased value to clients.
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By GlobalData
Read More: Finovifi buys US banking software firm Modern Banking Systems