Analytics software company SAS has completed its acquisition of risk management company Kamakura Corporation, the companies announced Monday. Terms of the deal were not disclosed.

Hawaii-based Kamakura creates data and software solutions for banks and banking enterprises, with a focus on risk management. The acquisition will bolster SAS’ existing risk analytics and software services as supply chain hurdles and recession fears dampen industry optimism, James Goodnight, SAS co-founder and chief executive, said in a release.

“This acquisition is an extension of tremendous investments already made in SAS’ cloud-ready risk management platform and integrated solutions,” Goodnight said. “It signals our intent to advance market-changing risk solutions to solve the most pressing challenges our financial services customers face. We foresee that the resulting strength of SAS technology, paired with Kamakura’s risk analytics and credit models, will prove far greater than the sum of its parts.”

SAS chose Kamakura over other competitors due to an alignment in research and analytic strategies, according to the release. The acquisition will bring Kamakura’s existing technologies into the SAS portfolio and will focus on asset liability management (ALM) solutions.

B2B payments company iBanFirst acquires Cornhill

Brussels-based digital payments firm iBanFirst has acquired British currency exchange Cornhill for an undisclosed amount in a move to expand cross-border payments to the U.K., the companies announced Wednesday.

iBanFirst offers a comprehensive digital platform for cross-border payments and investment management, and with the acquisition of Cornhill maintains operations in 10 countries. Additional acquisitions are planned, iBanFirst Chief Executive Pierre-Antoine Dusoulier said in a release.

“Our arrival in the U.K. represents a key milestone and marks our presence in 10 countries. In the future, we plan to continue growing across Europe and are turning our attention in particular to Switzerland, Scandinavia but also North America,” Dusoulier said.

Turkish digital finance firm Colendi acquires SETL

Embedded finance firm Colendi has acquired blockchain company SETL, the companies recently announced. Terms of the deal were not released.

SETL facilitates enterprise blockchain services for banks and financial services institutions, and touts $2.3 trillion Citi as one of its largest backers. SETL offers tokenization capabilities for assets and currencies, automated open-source transaction workflows, and comprehensive ISO 20022 messaging support.

“This initiative links the work we do with enterprise blockchains to a robust and secure public blockchain environment,” Anthony Culligan, SETL chief engineer, said of the acquisition. “Many of our RegFi clients are looking for a route from internal private blockchains to a public shared environment. This will provide that path.”

Union Mutual taps One Inc for digital payments

Union Mutual, a Vermont-based insurance company, has selected One Inc for digital payments, the companies recently announced. Union Mutual will use the One Inc Digital Payments Platform to send and receive payments via a cloud-based enterprise system, Jennifer Galfetti, Union Mutual chief financial officer, said in a release.

“Our integration with One Inc’s suite of payments products will now build a strong digital infrastructure for Union Mutual to deploy next-generation technology,” Galfetti said. “Leveraging the One Inc Digital Payments Platform will help us take another step into modernizing and strengthening our customer relationships and experiences at all stages of the payments process.”

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