Technisys: SoFi Technologies to Acquire Technisys SA for $1.1B

SoFi Technologies Inc. is buying Technisys SA for $1.1 billion, the latest in a series of mergers to make the lender a one-stop financial shop. The all-stock acquisition represents 10% of SoFi's market value. SoFi now owns its core-banking platform, which powers mobile banking apps, opens accounts, and tracks consumer deposits.