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Nordiska partners with Finastra for payment transformation. Redefining strategies for Swift access. Look out, Sweden! Nordiska is muscling up its payments game by hooking up with Finastra's Swift Service Bureau. This collaboration isn't just any old handshake; it's a full-on pact to supercharge Nordiska's access to the Swift network and the nation's key infrastructure, including the mighty Riksbank's real-time settlement system, RIX RTGS. You know, the kind of move that says they're not just playing with the big dogs - they're ready to lead the pack. Cutting out the middleman. For all you banking aficionados out there, you might remember how Nordiska used to lean on partner banks for the heavy lifting in accessing central bank money. Not anymore. This new setup hands Nordiska the reins to control their liquidity and daily operations directly, having finally given the old middleman the boot. It's about time, right? In this business, control is everything, and Nordiska is lining up its chess pieces for a future that promises less hassle, more speed, and lots of saved bucks. Paving the way for instant payments. This alliance is like setting the stage for an instant payment extravaganza. With plans to tap into RIX INST for instant payments looming on the horizon, Nordiska is making sure they're not just catching up to the future; they're out to shape it. According to Jonas Hultin, Nordiska's CPO, this isn't just about cutting red tape. They're building a streamlined and scalable platform that'll let them zip through payment flows and nail the independent game. Think of it as grabbing the wheel to their own destiny, accelerating ahead of the everyone else still stuck in the slow lane. Finastra's cornerstone for growth. You can't help but raise a glass to Finastra here. For Nordiska, partnering with a heavyweight like Finastra means diving into a proven solution pool - one that expertly dances through both local and international regulatory hoops. With their support, Nordiska isn't just getting by - they're optimizing. Nordiska customers can bet on heightened efficiency and robust compliance as part of the package deal, as they navigate Sweden's critical payment rails with newfound agility. Barry Rodrigues, the EVP of Payments at Finastra, couldn't have put it better: these folks are all about reinforcing resilience and availability expectations. It's Finastra's forte to bolster banks of all sizes with tools that strengthen payment and settlement infrastructure. Nordiska's leap is another feather in Finastra's cap, underlining their prowess in the Nordic regions. "This partnership gives us a streamlined and scalable platform to manage our payment flows and liquidity directly," said Jonas Hultin. The future is now. So, here's the scoop: Investors Hangout, LLC is staring at a future where Nordiska isn't just holding its ground - it's laying it down. With Finastra's backing, this Swedish challenger bank is bracing for a brave new financial world where speed and efficiency are king. Whether or not they'll seize the crown remains to be seen, but you can bet this isn't the last Investors Hangout, LLC'll hear from them.

Pollen Street Capital to acquire Universal Banking from Finastra. * Banking * 19.06.2026 02:33 pm Pollen Street Capital ("Pollen Street") today announced that it will acquire Universal Banking ("UB"), Finastra's global core banking software business. UB provides mission-critical core banking technology that supports account and deposit management, payments, lending, and treasury operations for retail, commercial, and corporate banks. It supports over 150 customers worldwide including global and regional financial institutions, digital banks, Islamic banks, and building societies across more than 100 countries. At the center of the business is Essence, UB's award winning next-generation, cloud-first, open banking platform, which helps financial institutions modernize legacy systems, accelerate innovation, and improve operational efficiency. Recognized by customers and industry analysts alike, Essence has established itself as a leading platform for banks seeking a modern, flexible foundation for growth. Demand for core banking modernization continues to grow as financial institutions look to simplify operations, improve customer experiences, and prepare for the next generation of digital banking. Increasingly, banks are seeking to modernize over time, balancing transformation with continuity of critical operations. UB helps customers navigate that transition by offering modern technology solutions designed to enable new and existing systems to coexist and progressively modernize, building on deep industry expertise and a strong track record of delivery. Pollen Street's backing will support UB as it becomes a standalone business, providing investment to accelerate product innovation including GenAI and data capabilities, strengthen customer delivery, and expand the capabilities customers need to succeed in a rapidly evolving market. Chris Walters, Chief Executive Officer of Finastra, said: "Universal Banking is a strong business with talented people, proven products, and deep customer relationships. Under Pollen Street Capital, it will have the dedicated focus and investment to build on that strength. For Finastra, this allows us to sharpen our focus on payments and lending - areas where we see significant opportunities to grow and deliver even greater value for our customers." Anastasia Kovaleva, Partner at Pollen Street, added: "UB is a high-quality business with a strong foundation, longstanding customer relationships, and a modern platform delivering tangible transformation outcomes. The business is well positioned for future growth in the next phase of core banking evolution. We are excited to partner with the management team to support the next phase of the company's development, invest in AI-led innovation and help customers accelerate their modernization journeys." The acquisition reflects Pollen Street's strategy of investing in specialist financial services and technology businesses with strong market positions, durable customer relationships, and attractive growth opportunities. Following completion of the transaction, UB will operate as an independent business led by its existing management team.

CORA Group acquires Finastra's Phoenix Core System, malauzai Digital Banking and fusion analytics businesses. Joe Gomez named President. June 03, 2026 08:30 ET | Source: CORA Group TORONTO, June 03, 2026 (GLOBE NEWSWIRE) - CORA Group, a portfolio of Jonas Software, an operating group of Constellation Software (TSX: CSU), today announced that it has acquired Finastra's U.S. Mid-Market banking business, which includes core banking, digital banking and related businesses. The solution brands include: * Phoenix Core Banking System * MalauzAi Digital Banking * Analyzer IQ * Enterprise Content Management (ECM) These solutions represent mission-critical software used by hundreds of banks and credit unions across the United States. Phoenix provides a comprehensive, cloud-based solution that helps banks and credit unions attract new account holders, deliver consistent service across channels, and scale efficiently as business and regulatory demands evolve. The platform's impact has also earned significant industry recognition: Celent's 2024 report highlighted Phoenix for its cost value, security, and scalability; and Gartner's 2025 Magic Quadrant for Retail Core Banking Systems, North America. "Finastra's U.S. Mid-Market business is exactly the kind of company we look for - strong products, loyal customers, and people who really know their industry," said Denis Brosnan, Portfolio CEO of CORA Group. "We don't acquire businesses to change what's working. We give them a permanent home, the resources to keep delivering, and the space to stay close to their customers. That's exactly what we plan to do here." The acquisition pairs CORA Group's proven, long-term approach to owning and growing software businesses with a team that has deep roots in the U.S. community and mid-market banking. The U.S. Mid-Market business will operate as a focused, standalone company, keeping the same products, people, and customer relationships that define it today, with the added backing and stability of Constellation's global platform. "We believe this move sets the U.S. Mid-Market business up to thrive," said Chris Walters, Chief Executive Officer of Finastra. "CORA Group's long-term approach is the right fit for this business and its customers. For Finastra, it sharpens our focus on the areas where we lead and where we can deliver the greatest value." Joe Gomez, who will manage the business within CORA Group, said, "This gives our business a long-term owner committed to stability and sustainable growth - one that values the innovative products and solutions we've built and wants to continue investing in them. For our customers, nothing changes day-to-day; instead, they gain a partner that helps them compete more effectively against large money-center institutions with modern, scalable, innovative technology. For our team, it opens the door to do even more." CORA Group, through Constellation's decentralized model, has a strong track record of acquiring and growing vertical software companies. The approach is simple: let good teams run their businesses, give them the support they need, and think in decades, not quarters. For customers, the message is straightforward: nothing about your experience changes. The same teams, the same products, the same support, and the same commitment remain firmly in place. Over time, the business will benefit from CORA Group's operational experience and investment to continue strengthening its offerings and delivering greater value. PJT Partners served as financial advisor to Finastra. Kirkland & Ellis LLP served as legal counsel to Finastra. About CORA Group CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 40+ independent software brands worldwide. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. CORA Group operates as one of the portfolios under Jonas Software, an operating group of Constellation Software Inc. This relationship reinforces CORA's commitment to delivering industry-leading solutions and benefiting from the extensive resources and support provided by Jonas Software and Constellation Software Inc. Constellation Software is one of the world's largest software companies, with over 1,500 acquisitions completed since its founding in 1995. Visit www.thecoragroup.com or follow CORA Group on LinkedIn. About Finastra Finastra is a global leader in financial services software, trusted by 7,000+ customers - including 40 of the world's top 50 banks - in over 110 countries. With expertise in Lending, Payments and Universal Banking, we deliver reliable, scalable, mission-critical solutions such as Loan IQ, LaserPro, Trade Innovation, Essence, Global PAYplus, Payments To Go, and Financial Messaging. Backed by Vista Equity Partners, we co-innovate with customers to build modern technology that helps financial institutions grow with confidence. Visit www.finastra.com or follow Finastra on LinkedIn. Media Contacts CORA Group George Chalmers Vice President, M&A [email protected]