TagPay announces €25 mn investment by Long Arc Capital
Summary
French core banking system technology provider TagPay has today announced a €25 million investment by Long Arc Capital. “The regulatory evolution, the new expectations of end customers and the disruption in financial services makes the modernization of core banking systems a necessity,” said Yves Eonnet, CEO of TagPay. “Today, thanks to its open and agile architecture system, TagPay is the premier solution to address these challenges. The company’s product aims to transform once costly and inefficient legacy systems into scalable, open-architecture platforms, that allow financial institutions to innovate and improve customer experience. Vincent Fleury, Partner at Long Arc added, “As financial institutions begin to see the benefits of next-generation core banking systems, TagPay will demonstrate its full potential, offering a configurable and connectable banking environment that meets the highest security standards.