Urban FT acquires CFC Technology Group.

Urban FT Group, the industry’s leading Core FinTech provider, today announced it has acquired CFC Technology Group, a Minneapolis-based leader in merchant Remote Deposit Capture (RDC) solutions and managed services for community banks and credit unions. Financial terms were not disclosed. "With our acquisition of CFC, we have penetrated merchant-based banking territory and expanded our arsenal, encouraging institutions to excel beyond the ‘too big to fail’ crowd. This move has strengthened our ability to provide end-to-end digital payment solutions and has been an exceptional addition to our X35 Technology Platform.” Richard Steggall Urban FT CEO.