Brief: Finwise Bancorp Acquires Tallied Technology Platform, Bringing End-To-End Credit Card Issuing And Processing In-House
20/07/2026 21:44
BRIEF-Finwise Bancorp Acquires Tallied Technology Platform, Bringing End-To-End Credit Card Issuing And Processing In-House July 20 (Reuters) - Finwise Bancorp FINW.O:
FINWISE BANCORP ACQUIRES TALLIED TECHNOLOGY PLATFORM, BRINGING END-TO-END CREDIT CARD ISSUING AND PROCESSING IN-HOUSE
FINWISE BANCORP - DEAL FUNDED WITH CASH ON HAND; NO MATERIAL IMPACT ON CAPITAL RATIOS EXPECTED
FINWISE BANCORP - PRIOR GUIDANCE OF $217 MILLION IN CREDIT-ENHANCED BALANCES BY END 2026 NO LONGER APPLIES
FINWISE BANCORP - EXPECTS INTEGRATION AND TRANSITION COSTS OF $4 MILLION OVER NEXT YEAR
FINWISE BANCORP - $50 MILLION OF CREDIT CARD BALANCES TO CONVERT TO STANDARD BALANCES ON BANK BALANCE SHEET
Source text: ID:nGNX5HgVh2
Further company coverage: FINW.O
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Brief: Finwise Bancorp Acquires Tallied Technology Platform, Bringing End-To-End Credit Card Issuing And Processing In-House