back Back

Sesami acquires FinTech Planfocus

By Edlyn Cardoza

August 09, 2022

  • Canada
  • Cash Holding Costs
  • Cash Optimisation Technology
Share

Sesami Cash Management Technologies, Planfocus, Cash Optimisation Technology, FinTech, Financial Institutions, CanadaSesami Cash Management Technologies, a global cash ecosystem integrator and technology company, announced its acquisition of Planfocus Software GmbH, a global FinTech offering highly advanced cash optimisation technology.

“With this acquisition, Sesami becomes the global leader in cash optimisation solutions, with an unrivalled technology stack now up-scaled with the addition of planfocus’ cutting-edge cash optimisation software,” said Steph Gonthier, Chief Executive Officer of Sesami. “Integrated to our enterprise cash ecosystem software platform, planfocus’ AI based technology and strong team will further enable Sesami to deliver the only true end-to-end tech-enabled cash ecosystem solution to financial institutions and consumer businesses,” he added.

Founded in 2004 and based in Munich, Germany, planfocus’ cash optimisation software solutions help reduce logistics spending and cash holding costs while improving availabilities and service levels for clients. Its technology empowers financial institutions and consumer businesses worldwide to drive process optimisation and bring tangible cost and service efficiencies throughout their cash ecosystem.

“We are extremely proud to be joining forces with Sesami, a state-of-the-art innovator and disruptive global leader, to offer a true end-to-end and fully integrated cash software solution enabling financial institutions and consumer businesses to seamlessly manage and outsource their entire cash ecosystem. As part of Sesami, we will now be able to truly scale our next generation technology and bring our unmatched cash optimisation solutions to a broader global client base,” said Dr. Joachim Walser, CEO and Co-Founder of planfocus.

The integration of planfocus further expands Sesami’s global client portfolio to include some of the world’s leading financial institutions and consumer businesses. Integrating its existing technology stack will also broaden its cash optimisation offering for its client base. Currently, planfocus optimises the operations of over 78,000 bank branches, ATMs and cash processing centres, and driving over 300 billion Euros in physical cash shipments every year.

Previous Article

August 09, 2022

Appital secures an additional £1.7m investment led by Frontline Ventures

Read More
Next Article

August 09, 2022

Intellect GCB and VMware India announce strategic partnership

Read More








IBSi Daily News Analysis

UAE

February 27, 2024

Canada

Saudi Arabia’s FinTech market poised for exponential growth: vision 2030 sparks innovation surge

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 26, 2024

Silent Eight & HSBC expand partnership for Transaction Screening

Read More

February 26, 2024

Razorpay unveils Payment Gateway 3.0 & DQR; introduces AI-Assistant ‘RAY’

Read More

February 23, 2024

UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023