Finastra’s TCM unit now operates under the new brand Teciem.
Highlights:
- Finastra’s Treasury and Capital Markets unit has been launched as Teciem.
- Apax Partners initiates spin-out to focus on fintech growth.
- Teciem aims to enhance service offering in capital markets.
Apax Partners has spun out Finastra’s Treasury and Capital Markets business, which will now operate under the name Teciem. This move is part of Apax’s strategy to focus on enhancing growth and innovation in the fintech sector.
The new brand, Teciem, will offer specialized services aimed at the capital markets segment. It aims to leverage existing technologies and expertise to deliver robust financial solutions.
Apax Partners, a leading private equity firm, sees this spin-out as an opportunity to streamline operations and provide more targeted solutions in the ever-evolving market. This is expected to foster competitiveness and development in Treasury and Capital Markets.
