Here’s our pick of five of the top news stories from the world of fintech this week, featuring Finastra, Accenture, Solaris and more.SBI Holdings reportedly set to acquire majority stake in Solaris as part of new funding roundSolaris is reportedly set to raise €150m led by SBIJapanese financial heavyweight SBI Holdings is reportedly set to acquire a majority stake of more than 70% in embedded finance platform Solaris as part of the German firm’s latest fundraising round, according to Bloomberg, which cites sources familiar with the deal.The report prices the stake at about €100 million, adding that Solaris will also raise a further €50 million from German exchange group Boerse Stuttgart and unnamed existing investors for a total of around €150 million in funding.When contacted by FinTech Futures regarding the report, a spokesperson for Solaris says the company has “reached an important milestone in its financing process”.“A group of investors and partners has developed a joint financing concept that has been submitted to our shareholders for approval,” the spokesperson says. “The final investment agreement is expected to be concluded before the end of this month.”Read more hereSimon Paris steps down as Finastra CEO, Chris Walters appointed as successorChris Walters, the former head of Avantax, has been named the new CEO of London-headquartered financial software provider Finastra, effective immediately.Walters replaces Simon Paris, who is stepping down as Finastra’s CEO after more than six years in the role.Under Paris’ leadership, Finastra, which provides banking, lending, treasury and capital markets and payment solutions, claims to have expanded its customer base to over 8,000 clients across 130 countries, and achieved double-digit Annual Recurring Revenue (ARR) growth.The incoming CEO joins Finastra with over three decades of experience, including his recent tenure as CEO of Pluralsight, a US-based online education platform.Read more hereGlobal fintech investment fell 20% in 2024, according to new Innovate Finance reportInnovate Finance unveils latest global fintech investment reportGlobal fintech investment fell by 20% in 2024, with fintech companies worldwide bringing in a total of $43.5 billion in investment compared to the $54.2 billion total achieved over 2023.This is according to a new report by UK-based industry body Innovate Finance, which also revealed that the total number of fintech deals globally dropped to 6,464 in 2024 compared to 7,683 in 2023, a decrease of 16%.This is the third consecutive year in which global fintech investment has seen a decline, marking a significant fall from the record funding seen in 2021, when global fintech investment hit $136.5 billion.The US remained the largest market by some distance, attracting $22 billion in funding, followed by the UK, India, and Singapore, which raised $3.6 billion, $2.2 billion, and $1.4 billion, respectively.Read more hereAccenture acquires digita
Ven. Gen 10th, 2025
