News & Press Articles

September 13, 2017

Paybefore: Digiliti Money Filing Reveals Deal Progress
Digiliti Money (DGLT) may have gotten knocked down, but it’s not out. And neither is a revised bid from prospective buyer Urban FT.

August 29, 2017

PYMNTS: Urban FT’s Bid For Digiliti Money Group Turned Down
In the surprise turn of the week in payments and commerce – it looks like the deal between Urban FT and embattled digital financial services firm Digiliti is on hold and quite possibly off the table entirely.

August 29, 2017

Paybefore: Digiliti Money Rejects Urban FT Offer
Prospective buyer Urban FT, which first announced its desire to acquire mobile app technology company Digiliti Money (DGLT) on Aug. 16, reports that its revised offer for the company has been rebuffed.

August 29, 2017

Business Wire: Digiliti Money Rejects Lifeline from Urban FT
NEW YORK–(BUSINESS WIRE)–Urban FT, Inc., the industry leading SaaS-based digital banking platform, confirms that its negotiations with the troubled NASDAQ-listed Digiliti Money Group, Inc. (NASDAQ:DGLT) abruptly came to an end late last night when DGLT formally rejected the lifeline being offered by Urban FT.

August 25, 2017

Business Wire: Urban FT Hopes to Reach a Deal with Troubled Digiliti Money
NEW YORK–(BUSINESS WIRE)–Urban FT, Inc., the industry leading SaaS-based digital banking platform, confirms it is in advanced negotiations with the troubled NASDAQ-listed Digiliti Money Group, Inc. (NASDAQ: DGLT), the mobile app technology firm, in respect of a potential transaction that will see DGLT stave off potential bankruptcy proceedings.

August 16, 2017

Mobile Payments Today: Urban FT proposes offer to acquired troubled Digiliti Money
Urban FT, a provider of white-label digital banking applications for bank and non-bank issuers, has made a bid to acquire the recently troubled mobile app tech firm, Digiliti Money Group, according to an Urban FT press release.

August 16, 2017

Benzinga: Digiliti Money Halted On A T-12 After Urban FT Makes Bid
Back in 2016, shares of DryShips inexplicably soared from less than $5 per share to more than $100 per share for no company specific reason. The stock was then halted by the Nasdaq stock exchange under a “T12” halt code, which is a request for information from the company and is typically associated with unusual trading activity.

August 16, 2017

Banking Technology: Urban FT throws Digiliti Money a life raft
Digiliti Money may be able to breathe a much-needed sigh of relief after a tumultuous few weeks, including declining revenues, appointing an interim CEO and the delay of its Q2 earnings report, writes Banking Technology‘s sister publication Paybefore.

August 16, 2017

Paybefore: Urban FT throws Digiliti Money a life raft
Digiliti Money may be able to breathe a much-needed sigh of relief after a tumultuous few weeks, including declining revenues, appointing an interim CEO and the Aug. 14 delay of its Q2 earnings report.

August 16, 2017

Business Wire: Urban FT Makes Compelling Bid to Rescue Troubled Digiliti Money
NEW YORK–(BUSINESS WIRE)–Urban FT, Inc., the industry leading SaaS-based digital banking platform, has made a bid to rescue troubled NASDQ-listed Digiliti Money Group, Inc. (NASDQ: DGLT), the mobile app technology firm. On Tuesday, August 15, The Board of Urban FT contacted the Digiliti Money chairman with a bona fide, all-cash purchase offer that would enable the company to continue to serve its customers and stave off potential bankruptcy proceedings. The acquisition, if accepted, would be funded, through Morgan Stanley, on behalf of Urban FT’s principal investor.

August 16, 2017

PYMNTS: Urban FT Makes Bid For Troubled Online Bank Digiliti
Urban FT has launched a bid for struggling mobile money firm Digiliti. To get a sense of the strategy behind the deal, Karen Webster got an exclusive first look with Urban FT’s CEO Richard Steggall about why he and Urban FT took such an interest in a digital bank that’s teetering on the edge of disaster.

August 4, 2017

Mobile Payments Today: What more can mobile banking do for consumers?
What have you done for me lately? That’s a question consumers seem to be asking their banks these days despite the advances financial institutions have made the past few years with their mobile banking apps.

July 31, 2017

Payments Journal: Executive Spotlight: Richard Steggall
What have you done for me lately? That’s a question consumers seem to be asking their banks these days despite the advances financial institutions have made the past few years with their mobile banking apps.

July 18, 2017

Business Wire: Urban FT Announces Strategic Growth Investment with Its Tech Acquisition of iParse
NEW YORK–(BUSINESS WIRE)–Urban FT, Inc. today announced it has completed the acquisition of iParse LLC, an Oregon-based tech firm and holder of a number of mobile banking-related patents. Terms of the deal between the two privately held companies were not disclosed. iParse will operate as a separate unit of Urban FT, and, except for the iParse founders, who are retiring, current staff will continue working for the expanded company.

July 18, 2017

Finovate Blog: Urban FT Acquires iParse
B2B digital banking platform Urban FT acquired Oregon-based iParse today. Urban FT plans to leverage iParse’s technology and its mobile banking-related patents.

July 18, 2017

FinExtra: Urban FT buys iParse
Urban FT, Inc. today announced it has completed the acquisition of iParse LLC, an Oregon-based tech firm and holder of a number of mobile banking-related patents.

July 18, 2017

American Banker: Urban FT buys fintech company iParse
The white-label banking platform provider Urban FT has purchased the mobile banking technology firm iParse and several of its patents.