Temenos to acquire digital onboarding firm Avoka

www.finextra.com

Swiss core banking vendor Temenos has agreed to acquire digital customer acquisition outfit Avoka for $245 million in cash and debt.

Interesting acquisition in the banking technology space, re-inventing new "digital cores" for banking seems to be in an upwards trends in regards to new companies in the space. Especially relevant for credit unions and smaller FI's that are trying to keep up with technology.

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