Cognizant: acquires Samlink

0
205
Cognizant: acquires Samlink

Cognizant: acquires Samlink to look after a shared core banking platform 

  • Financial details about the acquisition is not disclosed
  • 10% of Finnish banking deposits and loans will be managed by the new platform
  • New core banking platform is based on Temenos T24 and Temenos Payment Hub (TPH)
  • Cognizant will acquire the technology services provider from a mixture of companies
  • The transaction will complete by 1 April 2019