Finastra, a financial technology company owned by buyout firm Vista Equity Partners, is exploring a sale of its banking unit for as much as $7 billion, according to Reuters.
The London-based company is in the process of carving out the business known as universal banking, which provides software to banks and credit unions to run core processes, as it prepares to kick off a sale process in the coming weeks, the sources said.
Finastra is working with a financial adviser as it explores options for the business, which currently generates about $1.7 billion in revenue and roughly $500 million of earnings before interest, tax, depreciation and amortization.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
