The headline is: COMIT, a Swisscom Company, has acquired International Financial Business Solutions (IFBS AG), a leading Securities Finance and Collateral Management software application provider. This is one of several steps to come that Comit will do in order to follow their defined strategy: moving more into the corporate banking world. With the power of their stakeholder, the Swiss telco giant Swisscom, this should be rather easy. Just have to wait and see how this all fits together...
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