Finastra announces closing of Teranet transaction

London, UK and Toronto, Canada, August 6 2018 – Finastra has closed the transaction for the sale of its Canadian-based Collateral Management Corporation (CMS) business to Teranet, a Toronto-based pioneer in electronic registration services.CMS is a leading provider of lien registration services, recovery services and insolvency management solutions to Canadian lenders. The sale includes the registration and recovery business lines, which provide a comprehensive set of search and lien registration services, asset recovery services and…

Source: RealWire
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