Gallant Capital acquires Fime and UL Solutions' testing business

According to Fime’s officials, by combining payments, smart mobility, and identity technology with a set of consultants and experts, the company intends to solidify its position in the industry. The collaboration with Gallant Capital focuses on enabling Fime to expand its capabilities in business and technical consultancy, with the broadened product and service portfolio allowing it to support the entire project process, from ideation to implementation, via testing and launching. In addition, the current announcement is set to expand Fime’s geographical reach, with stakeholders being able to access business and technical consultancy and compliance and quality assurance testing solutions in 19 countries across the Americas, Europe, the Middle East, Africa, India, and Asia. Also, Fime’s increased capabilities are set to support innovation in testing and improved abilities to respond to evolving trends, including Open Banking, instant payments, central bank digital currencies (CBDCs), digital wallets, Open Payments, and digital identity.