Accuity Acquires Apply Financial to Provide Real-Time Straight Through Processing and Account Validation Payment Solutions
Summary
The acquisition supports Accuity’s strategy of providing banks, corporates, non-banking financial institutions (NBFIs), and fintechs with global and domestic payment and account validation solutions that reduce payment processing costs while increasing the speed of transactions. With the proliferation of faster payment schemes around the world and escalating consumer and business expectations, STP is no longer just an efficiency issue, but a competitive differentiator for firms. The acquisition of Apply Financial will augment this existing capability with sophisticated and easy-to-integrate validation software to remove further friction from clients’ payment operations. In the longer-term, the technology will fuel our innovation and enable us to deliver the next generation of payments intelligence solutions to meet our customers’ requirements.” Mark Bradbury, Director and Founder of Apply Financial, said, “By joining forces, we will be able to share industry expertise, deploy our technology to a broader audience, and collaborate on innovative solutions that will support the industry now and in the future.” Novitas Capital Advisors acted as exclusive financial advisor to the shareholders of Apply Financial. With deep expertise and industry-leading data-enabled solutions from the Firco and Bankers Almanac brands, our portfolio delivers protection for individual and organisational reputations.
Classifications
AskAI Classifications
LabelsLinked Companies
