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Mainstream’s board of directors has unanimously recommended an acquisition offer from US-based SS&C that values the company at nearly $300 million.

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FinTech Australia and the Australian chapter of the Financial Data and Technology Association (FDATA) have partnered up to lobby for changes, during the roll-out of the consumer data right (CDR) regime.

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Mainstream Group has secured a $180.1 million takeover bid from Hong Kong-headquartered fund administrator Vistra, but is still shopping its business around for other potential buyers.

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The minster for financial services has taken over from the ACCC as Consumer Data Right rule maker.

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Superannuation research hub Chant West has entered into an agreement to purchase comparison software brand Galaxy Insurance Comparators from Rice Warner.

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