Covid-19 Impact on Banks, And fixes. The Black Swan Opportunity

Download Now

The Black Swan Opportunity |Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

IBS Journal: The iconic monthly FinTech magazine

April 2020 issue out now! Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Glantus acquires vendor credit recovery provider JPD Financial

Financial automation and data intelligence solution provider Glantus, has announced the acquisition of JPD Financial, a vendor credit recovery service provider. The acquisition is expected to bring advanced levels of automation and AI to credit recovery while increasing the financial processing offered to global businesses and shared services units.

“This acquisition significantly deepens our ability to serve global organisations at scale. It propels Glantus forward in our ambition to drive the future of financial processing with real-time data intelligence,” said Maurice Healy, Founder of Glantus.

The acquisition took place for approximately $12million. The advanced data platform from Glantus along with service delivery expertise form JPD Financial is expected to deliver benefits to existing customers and accelerate the development of new financial processing solutions.

“JPD customers are increasingly looking at automation and AI to drive further efficiencies in their financial processes. With Glantus, JPD now has the advanced technology platform and the team behind it to deliver these new services,” said John Doyle, President and CEO of JPD Financial.

Headquartered in San Jose, JPD Financial is a partner for Fortune 1000 companies. The financial service provider has recently extended its service offerings to include Accounts Payable Auditing and Master Data Cleansing. It serves both North American and European customers.

Dublin based Glantus makes use of Automation, AI and advanced analytics to perform decision making in real-time. The company’s blue-chip clients include Europcar, AIG, Applegreen, Hertz, Hydrogen, Deloitte, Barclays and Paddy Power Betfair.

Related Posts