Temasek Holdings, Singapore's state-owned investment fund, is sniffing around core banking supplier Misys, which has been put on the block by current owner Vista Equity Partners, according to Sky News.
Temasek, which counts a stake in Markit among its fintech investments, is one of several potential bidders, alongside Canadian pension funds, claims Sky.
Vista acquired Misys in 2012 for £1.27 billion after merger talks between the core banking vendor and Swiss rival Temenos collapsed.
However, in September the PE firm signaled its intent to cash in after agreeing a $4.3 billion deal to acquire business process software firm Tibco.
There has been no comment on any bid from Temasek or Misys.