Zafin completed the acquisition of FINCAD.

Zafin, a SaaS cloud-native product and pricing platform for banks and credit unions, completed the acquisition of FINCAD, a provider of pricing and risk analytics of financial derivatives and fixed income products. Financial terms were not disclosed. For Zafin, the acquisition is a key milestone in the company’s history as they will now be able to offer pricing and advanced analytics solutions to institutions across all segments of banking, including retail, corporate and commercial, and capital markets – a key differentiator in the marketplace. As a result of the transaction, FINCAD will operate as the Capital Markets Group of Zafin under the established FINCAD brand.