According to Finastra, the acquisition is built on their partnership, which saw Malauzai’s digital solution integrated into Finastra’s Fusion Phoenix core banking system.
Since 2015 the two companies have amassed over 130 joint customers, including Wisconsin-based Horicon Bank.
Malauzai has more than 350 US community markets institutions on its books and over one million monthly active users.
Financial details of the deal have not been disclosed.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now