Birmingham, Ala.-based fraud protection fintech Finovifi is acquiring Omaha-based core provider Modern Banking Systems.
According to Finovifi, the acquisition “will integrate AI-driven banking operations, secure, cloud-native solutions, and seamless API connectivity with enhanced compliance and real-time payment capabilities.”
“I am incredibly proud of what we’ve built at Modern Banking Systems over the years, serving community banks with technology that empowers them to thrive,” said Modern Banking Systems CEO Mike Cronin. “Joining forces with Finovifi is the perfect next step for the company’s legacy, as their innovative vision and commitment to customer success align perfectly with our values.”
Finovifi also acquired Modern Banking Systems of Alabama, which provides core processing, hardware and software support, installation and sales to banks in Arkansas, Tennessee, Georgia, Mississippi and Alabama.