October 17, 2017On October 6, the LOI to merge between Digiliti Money and Urban FT expired without a definitive agreement in place, as the companies failed to agree on final terms of a combination by the deadline. Both companies continue to work together to finalize agreeable terms that meet regulatory requirements, and both remain committed to completing a transaction in short order. For now, it’s business as usual at Digiliti Money as we continue to deliver the best solutions and service possible to our bank, credit union and financial service organization clients.


September 29, 2017 - We are pleased to announce that Digiliti Money has signed a Letter of Intent to merge with Urban FT, an industry leading fintech digital banking provider. The companies have agreed to preliminary terms and expect to close the transaction in short order, subject to respective required approvals.

Digiliti Money has established itself as a leader in the Remote Deposit Capture (RDC) market for both commercial and consumer solutions, and boasts more than 500 banks, credit unions and alternative financial service providers as its customers. Digiliti Money was founded in 2010 (originally as Cachet Financial Solutions) with a mission to “level the playing field” for small, mid-sized and regional financial institutions, allowing them to provide the same cutting-edge check capture solutions as larger, national institutions. First to market with some of the biggest innovations in RDC, such as native Mac OSX check scanning, seamless commercial batch mobile check capture for iOS and Android and real-time business rule management and check decisioning with enhanced risk mitigation, Digiliti Money has been a pioneer in the transaction imaging and settlement market.

As the Company expanded its services into digital banking solutions for prepaid card platforms, it caught the eye of other fintech providers, and on August 16, Urban FT made an offer to merge with Digiliti Money. Urban FT provides digital banking and program management services for more than 80 financial institution and telecommunication customers, and with a stated mission to “give financial institutions the opportunity to compete like giants,” the synergies with Digiliti Money are obvious. Read More