Ncontracts acquires Quantivate, transforming fintech landscape – FinTech Futures.

US-based Ncontracts, a risk, vendor, and compliance management software provider, has acquired Quantivate, a governance, risk, and compliance (GRC) solutions provider for banks and credit unions in the US. The terms of the acquisition were not disclosed. Ncontracts hopes to strengthen its position in the US market and expand its offerings through the acquisition. The combined entity will have over 4,000 financial institutions in its customer base and a workforce of 350 employees. Ncontracts CEO Michael Berman will continue in his role as CEO of the combined entities.