FIS® (NYSE: FIS), a global fintech heavyweight, has completed its acquisition of Chicago-based Amount, a provider of unified digital banking origination and decisioning solutions. The deal bolsters FIS’ digital-first offerings, allowing financial institutions to accelerate account opening, lending, and card issuance with AI-powered tools.
Norwegian fintech Optio Incentives has snapped up the share plan administration platform from Investec Wealth & Investment International, a move that significantly boosts its presence in both the UK and South Africa—and signals its intent to become a global leader in the employee equity software space.
Xero Limited has entered a binding agreement to acquire 100% of Melio, a U.S.-based small business payments platform, in a transformative deal valued at US$2.5 billion in upfront consideration, plus up to $0.5 billion in contingent payments. This landmark acquisition brings together Melio’s innovative accounts payable (A/P) technology with Xero’s cloud-based accounting platform to deliver a seamless, unified solution for U.S. small businesses, bookkeepers, and accountants.
