Axway, a French-American publicly held information technology company that provides tools for enterprise software, has acquired Sopra Banking Software (SBS) to enhance its Amplify Open Banking platform, strengthening its ability to support financial institutions in complying with the new CFPB open banking rule and unlocking new revenue opportunities. The integration of SBS’s technology into Axway’s platform allows financial firms to securely manage customer data, streamline API-based operations, and leverage Banking-as-a-Service (BaaS) solutions for embedded finance. The acquisition aligns with Axway’s commitment to innovation and regulatory compliance, providing low-code/no-code tools for easy deployment and expanded financial service offerings for its clients.
Axway Enhances Open Banking Solution with Acquisition of Sopra Banking Software (SBS)
