Two major reconciliation services competitors - Gresham Technologies plc and Electra Information Systems - will be combining into one provider via Gresham's acquisition of Electra. No dollar amount was given for the transaction, but Gresham officials say that it will strengthen the vendor's ability to scale in U.S. markets and widen its global footprint. Officials [...]
Electra is a New York-based fintech platform that provides trade matching, reconciliation, data aggregation, client fee billing, and related solutions for businesses.