Pollen Street Capital to acquire Finastra’s core banking software arm
Summary
Pollen Street Capital has agreed to buy Finastra’s Universal Banking division. The unit provides core banking software for financial institutions, including deposit administration, lending, payments, and treasury functions. Finastra plans to keep the business operating as a standalone company under its existing leadership after the deal closes. The transaction fits Finastra’s broader strategy of portfolio streamlining and follows other divestments in its banking software portfolio.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Software
Core Banking Software
Payments Software
Linked Companies
Finastra
$1B+