Globant acquires Blankfactor to deepen its financial services reach
Globant has made a meaningful move in financial services by acquiring Blankfactor, a respected product engineering firm with a focus on Payments, Banking, and Capital Markets. The deal is designed to strengthen Globant’s capabilities and broaden its offerings, so clients get more depth in critical areas and faster paths from strategy to delivery. It’s a pragmatic step: bring in specialized teams, keep raising the bar, and meet clients where finance and technology converge.
Blankfactor’s expertise, up close
Founded in 2016 by Michael Wear and Melody Pak, Blankfactor has grown by pairing strategy-led thinking with hands-on engineering. Working at the intersection of technology and finance, the firm has built notable strengths in card issuing, merchant acquiring, and securities finance—domains where scale, reliability, and speed all matter. Blankfactor also works across major cloud platforms, including AWS, Google Cloud, and Microsoft Azure, which helps its teams build and operate solutions consistently across different environments.
Creating value across financial markets
With this acquisition, Globant plans to tap Blankfactor’s deep sector knowledge, including experience with many leading payment processors around the world. By bringing Blankfactor’s consulting-led approach into its own portfolio, Globant expects to sharpen its competitive edge—especially in AI solutions and data engineering—while keeping pace with a fast?evolving financial landscape. The throughline is simple: combine domain expertise with modern engineering to deliver measurable outcomes.
Leadership perspectives on the deal
Martin Migoya, Globant’s Co?Founder and CEO, underscored the importance of the acquisition, noting that it enriches the services Globant offers in a market increasingly shaped by AI. He emphasized that both companies share a commitment to continuous improvement and innovation in financial services—an alignment that makes integration not just possible, but purposeful.
Integration and what comes next
Michael Wear and Melody Pak will continue to lead Blankfactor’s operations. Keeping the founders in place brings stability and continuity while the two organizations align ways of working. That continuity should help the combined teams scale services, deepen collaboration, and keep execution crisp. Blankfactor will retain its identity and strengths, while benefiting from Globant’s broader reach and platform—staying current with technologies and trends, and building on what already works.
Expert reactions
Nicolás Kaplun, Chief Business Officer for Globant in North America, voiced enthusiasm about the capabilities coming together. He highlighted Blankfactor’s track record in digital transformation and how that experience complements Globant’s existing offerings—particularly within the Payments Studio.
About Globant
Globant’s mission is straightforward: craft digital products that people actually use and value. As a consulting company, it connects businesses and end users through effective technology and thoughtful design. Over time, Globant has become known for guiding large organizations through digital transformation and for staying focused on customer experience and outcomes.
Globant counts more than 29,100 professionals across 33 countries on 5 continents. It partners with companies such as Google, Electronic Arts, and Santander to deliver innovative solutions. IDC MarketScape has recognized Globant as a Worldwide Leader in AI Services and in CX Improvement Services—recognition that reflects consistent delivery at scale.
Contact Details
To follow company news and development initiatives as this integration progresses, visit the Globant site for insights and announcements.
Frequently Asked Questions
Why did Globant acquire Blankfactor?
To strengthen its financial services offering. Blankfactor brings product engineering depth in Payments, Banking, and Capital Markets, which helps Globant deliver more specialized, end?to?end solutions for clients.
Who founded Blankfactor, and will leadership change?
Blankfactor was founded in 2016 by Michael Wear and Melody Pak. Both will continue leading the company’s operations post?acquisition, providing stability through integration.
How does Blankfactor’s expertise enhance Globant’s services?
Blankfactor adds consulting?led, strategy?driven delivery and domain knowledge in areas like card issuing, merchant acquiring, and securities finance, along with experience across AWS, Google Cloud, and Microsoft Azure—supporting Globant’s AI and data engineering work.
Which parts of the financial sector does Blankfactor focus on?
Blankfactor specializes in Payments, Banking, and Capital Markets, with particular strengths in card issuing, merchant acquiring, and securities finance.
Who does Globant work with, and how is it recognized in the market?
Globant partners with organizations such as Google, Electronic Arts, and Santander. IDC MarketScape has named Globant a Worldwide Leader in AI Services and in CX Improvement Services.