M&A
M2P Fintech acquires core banking solutions provider BSG ITSOFT
M2P Fintech, a Chennai-based application programming interface (API) infrastructure company, is to acquire Mumbai-based BSG ITSOFT, a provider of core banking solutions. The acquisition bolsters M2P Fintech's approach to providing a new generation cloud native platform and positions M2P Fintech to offer a fully integrated banking and payments stack that is built on API-first infrastructure. BSG offers proprietary technology that leverages data science insights to optimise user experience. The cloud-native platform has an extensive clientele of over 250 co-operative banks, small finance banks and NBFCs.
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