Raisin to acquire Choice Financial Solutions.

Raisin, a wealth management fintech company, agreed to acquire Choice Financial Solutions, a provider of software solutions for banks and credit unions. Financial terms were not disclosed. “Joining forces with Choice Financial Solutions lets Raisin begin offering cutting-edge services to banks and customers before we even launch our US platform. Retail consumers increasingly expect convenience in every area of life, and banks today want to meet that demand, not just in terms of online and mobile banking, but also their banks’ available range of products. As a leading innovator in the deposits space, Raisin sees Choice FS as a perfect fit for our mission in the U.S. deposits market. The enthusiastic market feedback we have already received affirms how ripe the savings space is for just this type of personalization,” Paul Knodel, Raisin US CEO.