With an eye on bridging Cefi and Defi, M2P Fintech acquires Core Banking platform company BSG ITSOFT
BANGALORE, India, Feb. 17, 2022 /PRNewswire/ -- M2P Fintech, Asia's largest API infrastructure company has signed definitive agreement to acquire BSG ITSOFT, a leading provider of Core banking solutions. The acquisition further bolsters M2P Fintech's approach to providing a new generation cloud native platform and positions M2P Fintech among few entities globally to offer a fully integrated banking & payments stack that is built on API-first infrastructure. The platform, besides being an integrated CBS and payments stack will also cater to emerging use cases around blockchain, trade finance and aims to accelerate their adoption in mainstream banking across different geographies.