CSI, a leading provider of financial software and technology, has agreed to acquire Apiture, which offers digital banking solutions to U.S. financial institutions. CSI and Apiture will provide a range of scalable technologies for financial institutions, regardless of the core system they use. These technologies will enable institutions to personalize their customers’ digital experiences and provide proactive financial assistance, thereby strengthening their customer relationships.
Apiture’s advanced digital banking platform includes account onboarding, open banking, and data analytics. This integration will enable community and regional financial institutions to become the primary financial partners for their customers.
This acquisition is another step in CSI’s goal to create a full financial technology solution that supports every stage of the customer account lifecycle. This follows CSI’s 2023 acquisition of Hawthorn River, a platform for community banks that simplifies loan origination, and the planned 2024 acquisition of Velocity Solutions, which provides tools for deposit growth, customer engagement, and liquidity management. Together, these efforts will enable CSI to integrate core banking, digital banking, customer engagement, and lending into a single, unified platform.
The deal is expected to close once it meets standard conditions, including regulatory approval, and is anticipated to be completed in the fourth quarter of 2025.
Advisors: Goldman Sachs is the financial advisor for Apiture, and Wyrick Robbins Yates & Ponton is its legal advisor. Kilpatrick Townsend & Stockton is providing legal advice to CSI.
KEY QUOTES:
“Apiture and CSI share a customer-first approach to financial innovation. By integrating Apiture’s industry-leading capabilities, especially in business banking, we are creating an even more robust platform that empowers community financial institutions to compete and grow. This combination allows us to deliver the scale, speed and innovation our customers need while staying true to the relationship-driven service that has always defined community and regional banking.”
Nancy Langer, president and CEO of CSI
“We are excited to join CSI and create something truly special for community banks and credit unions. This acquisition allows us to bring our digital banking solutions to a broader audience, backed by CSI’s powerful financial technology ecosystem. Together, we are building solutions that not only meet today’s digital banking needs, but also anticipate tomorrow’s opportunities for community and regional financial institutions to strengthen their market positions.”
Chris Babcock, Apiture CEO
