Image via PYMNTS
Last updated
Backbase: Ma Activity
Backbase, a provider of AI-native banking operating system, acquired Kasisto, a pioneer in agentic AI for banking and financial services. The deal embeds Kasisto at the core of Backbase's Banking OS to enable banks to deploy agents handling customer intent to governed resolution.
Source: PYMNTS
The leadership read
Consolidation of this kind shifts demand toward integration and transformation leadership bench strength in fintech.
Market context: Against a Talent Market Index of 105.9 (Hot) (down 2.3 month-on-month), EMEA is at easing (-2.8pts) on signal share.
Backbase: 3 signals in the last 90 days — above the Fintech median of 1 across 89 tracked companies; 0.1% of MitchelLake's EMEA signal flow; 3 tracked across 21 days.
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From the MitchelLake archive
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More signals across Fintech
Ma Activity · EMEA
Finova →Finova acquired AI lendtech start-up Cubit Labs. This is the first M&A transaction under new leadership (Gareth Richardson, appointed within the last year). Finova is Bain Capital-backed.
Ma Activity · EMEA
Finastra →Finastra divested its Universal Banking (UB) global core banking software business to UK-based private equity firm Pollen Street Capital.
Ma Activity · EMEA
Nuvei →Nuvei is reported to be pursuing a merger with Payoneer to strengthen position in stablecoin processing and SMB merchant reach.
Ma Activity · EMEA
Adyen →Adyen won a major UK government contract, replacing Stripe as the processor for the Gov.UK Pay payments platform
Ma Activity · EMEA
Mollie →Mollie acquiring GoCardless in €1.1bn deal, expected to finalize in H2 2026, integrating card payments and bank payments for 350,000+ businesses
Ma Activity · EMEA
Fawry →Egypt's second-largest fintech Fawry has embedded itself into the informal market through acquisitions, processing 6 million daily transactions
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