US banking giant JP Morgan has acquired US payments FinTech Renovite.
In Brief:
Renovite Technologies employs around 140 people across the US, India and the UK.
It offers cloud-native technology to optimise payments processing.
Renovite’s people and technology will be absorbed into JP Morgan’s payments division.
What does this mean?
JP Morgan will gain a more efficient payments platform so it can offer clients the ability to process transactions through a wider variety of methods.
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