Fiserv completed the acquisition of Finxact for $650m.

Fiserv, a provider of payments and financial services technology, completed the acquisition of Finxact, a developer of the cloud-native banking solution, for $650m. “Joining with Fiserv is a tremendous opportunity for Finxact. We recognize that Finxact’s technology can serve to level up the industry’s delivery infrastructure, and crucially at a time when banking is undergoing transformative changes. We will be better positioned to serve a far greater number of institutions, of all sizes, when combined with the breadth and depth of Fiserv capabilities," Frank Sanchez, Finxact Chairman and CEO.