Globant acquires Blankfactor to deepen its financial services reach
Globant, a digitally native technology services company, has taken a decisive step in financial services by acquiring Blankfactor, an IT consulting firm with a sharp focus on Payments, Banking, and Capital Markets. The move strengthens Globant’s ability to tackle the growing complexity of these industries and expands the tools it can offer clients navigating change.
What Blankfactor brings to the table
Blankfactor has built its name by designing and engineering products for prominent financial institutions, especially in payments and securities finance. The company is known for moving fast from concept to delivery, pairing product thinking with hands-on engineering. It also brings deep experience with major cloud platforms—AWS, Google Cloud, and Microsoft Azure—so solutions can be built, tested, and scaled in the environments financial institutions already trust.
That mix of domain knowledge and technical execution has helped Blankfactor deliver tailored outcomes that fit the tight requirements of financial services. Its teams focus on practical results: modernizing systems, connecting data, and building products that work across the full lifecycle of a financial transaction.
Expertise in payment and data-led solutions
Blankfactor’s work spans consulting-led engineering and data solutions for a broad client base, including some of the world’s largest banks and payment processors. The company understands the mechanics behind card issuing and merchant acquiring—two core functions that underpin how money moves from card networks to banks to merchants. That practical expertise makes it easier for clients to upgrade platforms, reduce friction, and support new use cases without compromising stability or security.
What this means for clients
With the acquisition, Globant will strengthen its Payments Studio and broaden how it supports clients in the midst of financial services transformation. By combining Blankfactor’s specialized skill set with Globant’s scale and multidisciplinary services, clients can expect a more cohesive, end-to-end approach—from strategy and product design to engineering, data, and run operations.
The result is a clearer path for institutions looking to modernize payment platforms, launch new digital products, or streamline operations. The two teams together aim to offer resilient solutions that meet today’s demands while leaving room to adapt as regulations, customer expectations, and technologies evolve.
A shared vision for what’s next
Martin Migoya, Co-Founder and CEO of Globant, underscored the strong fit between the companies, pointing to Blankfactor’s track record in financial services as a distinct advantage. The collaboration is set to lean into AI and technology-driven solutions to better serve changing client needs—prioritizing outcomes that are measurable, reliable, and ready for scale.
Leadership and continuity
Leadership continuity remains central to the plan. Blankfactor’s founders, Michael Wear and Melody Pak, will continue in their leadership roles, helping guide the combined team. Their experience and focus on innovation align with Globant’s goals for long-term growth. As teams integrate, the aim is to preserve the culture that made both organizations successful: high standards, a builder’s mindset, and a commitment to delivering quality for clients.
About Globant
Globant focuses on digital transformation with a clear goal: build products people actually want to use. The company blends technology and creativity to close the gap between business needs and user expectations. It is recognized for its work in AI and for bringing transformational solutions to clients across multiple sectors.
Recent milestones
Globant has more than 29,100 employees across 33 countries, collaborating with global leaders such as Google and Electronic Arts. It is recognized as a leader in AI services and noted for rapid growth in the IT sector, including a recent ranking as the fifth strongest IT brand worldwide. Those markers reflect the company’s ability to deliver at scale while staying focused on quality.
Frequently Asked Questions
Why did Globant acquire Blankfactor?
To strengthen its financial services capabilities—especially in payments—and to offer clients deeper, more integrated support across strategy, engineering, data, and operations.
What does Blankfactor specialize in?
Consulting-led product engineering and data solutions for Payments, Banking, and Capital Markets, with strong execution on major cloud platforms like AWS, Google Cloud, and Microsoft Azure.
Who will lead Blankfactor after the acquisition?
Founders Michael Wear and Melody Pak will continue in leadership roles, ensuring continuity and a smooth integration with Globant.
How do clients benefit from the combined teams?
Clients gain a broader, end-to-end offering: modernization of payment platforms, faster product delivery, and resilient solutions aligned to the evolving needs of financial institutions.
How strong is Globant’s presence globally?
Globant operates in 33 countries with more than 29,100 employees, collaborates with companies like Google and Electronic Arts, is recognized as a leader in AI services, and was recently ranked the fifth strongest IT brand globally.
