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Tandem Bank to acquire money management app Pariti

U.K.-based Tandem Bank will acquire money management application Pariti, subject to regulatory approval.

Pariti CEO Matthew Ford and Chief Technology Officer Peter Townsend will join Tandem, and the app's more than 95,000 users will also transfer to the digital bank.

Tandem completed its acquisition of loss-making lender Harrods Bank in January.