Post by FinTech Futures

Dutch paytech Adyen has finalised an all-cash deal to acquire US-based fintech Orb for $335 million. Amsterdam-headquartered Adyen says that following the acquisition, which is subject to regulatory approval and customary closing conditions, Orb will "become an indirect, wholly owned subsidiary managed under an incubator model". Adyen aims to integrate Orb's billing infrastructure with its fraud prevention and authentication system, Dynamic Identification. The paytech states: "Connecting them creates a two-way intelligence advantage: billing signals feed into Adyen's Dynamic Identification layer, improving data models across the entire product suite, while real-time payment data and risk scores optimise billing execution, reducing fraud and increasing transaction success rates." Read the full story by Francis Bignell here ⬇️ https://lnkd.in/eq_49F_S #MandA #PayTech