SoFi Applied sciences Inc. is shopping for banking-software maker Technisys SA for about $1.1 billion, the most recent in a string of offers designed to rework the lender right into a one-stop monetary store.
The all-stock deal is equal to roughly 10% of SoFi’s market worth. The deal offers SoFi management of its personal core-banking platform, the back-end know-how that banks use to energy mobile-banking apps, open accounts and hold monitor of buyer deposits.