The acquisitions follow on recent deals by JPMorgan and MassMutual.

There’s been a spate of acquisitions of fintechs in the past month. IBM (NYSE: IBM) announced Tuesday its purchase of Montreal-based fintech company and payments platform, Expertus Technologies Inc. Meanwhile, web platform provider GoDaddy swooped on Poynt payments services.

MassMutual, announced Monday that it agreed to acquire Flourish, a fintech platform, from Stone Ridge Holdings Group. Flourish is a digital platform that provides various products and services to more than 350 RIAs. Collectively, these IRAs manage over $ 600 billion of assets.

In early December, JPMorgan (NYSE: JPM) snapped up 55ip.

55ip is a fintech that empowers financial advisors to deliver tax-smart investment strategies at scale.

Clearly, there appears a trend here. Older, legacy players such as MassMutual, IBM, and JPMorgan are acquiring financial technology players amidst the huge digitalization move unfolding across the globe.

IBM, Expertus

Through the acquisition of Expertus IBM gains access to a $100 billion opportunity in consulting and business process services in banking and financial markets.

Expertus has decades of experience in payments technology. It will be useful to address the most pressing payment modernization challenges of financial institutions.

“Financial institutions must balance greater demand for secure digital solutions while complying with rapidly evolving regulation,” said Mark Foster, Senior Vice President, IBM Services, in a statement. “Expertus’ payment-as-a-service solution expands our hybrid cloud-based payments offerings, transforming payments and treasury management with AI to give financial institutions the flexibility to rapidly innovate and stay competitive as consumer demands evolve.”

Financial terms were not disclosed. (IBM)

GoDaddy, Poynt

GoDaddy, the web platform provider has added e-commerce and social media capabilities. Its mission is to empower entrepreneurs around the world.

It announced Tuesday its acquisition of Poynt payments services for $320 million in cash. Another $45 million is payable over the next three years on the basis of performance.

“The rapid convergence of online and in-person consumer shopping is accelerating the need for small businesses to provide connected commerce experiences across all channels for their customers,” GoDaddy said in a statement. “Integrating Poynt with GoDaddy’s Websites + Marketing and WordPress commerce services will enable small businesses to boost sales and customer satisfaction by seamlessly bridging both online and offline shopping experiences.”

Related Story:  MassMutual Seals Deal To Acquire Fintech Platform Flourish From Stone Ridge