CRIF signs agreement for the acquisition of 100% of Strands Inc. to create a worldwide digital solutions provider for Open Banking business. Already partners for financial management solutions, both companies have invested in advanced Open Banking and Digital Economy solutions.
The combination between Strands and CRIF will create a strong worldwide digital solutions provider in access to account, account aggregation, and AI-powered BFM and PFM solutions, with new synergies in terms of expertise, solutions, and offerings. It will allow further development of an ecosystem of innovative and end-to-end open banking solutions for banks and financial institutions, helping them to evolve their offerings and to boost their business through digital channels, with a constant focus on sustainability and customer needs.
Today over 6,300 banks and financial institutions, 55,000 business clients and 340,000 consumers use CRIF services in 50 countries on a daily basis. For more information: www.crif.com
Originally posted on https://strands.com/crif-to-acquire-strands/