LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
Tally closed in August, citing insufficient funding as the primary reason for its shutdown.
Mergers & Acquisitions/M&A
Digital business bank Grasshopper to buy ACG’s Auto Club Trust
The deal will increase Grasshopper’s total assets to approximately $1.4 billion.
DeFi Technologies snaps up Stillman Digital in $5m share deal
DeFi Technologies has acquired Stillman Digital’s securities for 2.5 million shares, valued at $2.10 each.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
FinTech Futures: Top five news stories of the week – 4 October 2024
Our pick of the top fintech news stories this week includes Starling Bank, Fiserv, HSBC, Monese and more.
Stax Payments snaps up BlockChyp for undisclosed sum
Stax says this acquisition will reduce “friction” and enhance partner and customer experience.
Mastercard acquires Minna Technologies to upgrade subscription experience
Minna develops technology to help consumers manage subscriptions via banking apps and websites.
September 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from September.
FinTech Futures: Top five news stories of the week – 27 September 2024
Our pick of the top fintech news stories this week includes BNP Paribas, Visa, Solaris and more.
September 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
Visa to buy AI-powered fraud detection firm Featurespace
Visa says it expects to close the transaction in FY 2025.
PayMate nears $400m acquisition of DigiAsia’s FaaS business
PayMate plans to list on the National Stock Exchange of India following the purchase.
BNP Paribas to acquire HSBC’s private banking division in Germany
BNP Paribas anticipates the deal will boost its AUM to €40 billion.
UK wealth manager Quilter buys NuWealth to boost first-time investor support
Quilter will work to integrate NuWealth’s capabilities into its advisory business.
FinTech Futures: Top five news stories of the week – 20 September 2024
Our pick of the top fintech news stories this week includes JP Morgan, CSI, Revolut and more.
NeoXam set to acquire data control and automation platform EZOPS
The proposed deal would expand NeoXam’s reach in the US, Asia and throughout Europe.
Consumers Credit Union selects Lumin’s digital banking platform ahead of proposed Rockford Bell merger
CCU says it required a digital platform that could “support its increasing number of members and their unique needs”.
US fintech software provider CSI acquires Velocity Solutions
CSI says Velocity “complements” its previous purchase of Hawthorn River last December.
Citigroup to sell trust administration services business to JTC in deal reportedly worth $80m
Citi Trust claims $70 billion in AUA across more than 2,000 UHNW clients.
Axoni sells Veris post-trade processing business to LSEG
Launched in 2020, Veris operates as a distributed ledger network for equity swaps.
Florida’s EverBank inks $261m deal to acquire Sterling Bank
The acquisition is expected to close in Q1 2025.
FinTech Futures: Top five news stories of the week – 13 September 2024
Our pick of the top fintech news stories this week includes UniCredit, Westpac, Mastercard and more.
KORT Payments takes over POS provider Barnet Technologies to drive “aggressive expansion”
Barnet provides POS systems for cannabis dispensaries and liquor stores across Canada.
Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future
Insight Partners first acquired the platform in 2019 for $780 million.
FE fundinfo buys out investment research platform AdviserAsset
FE fundinfo is to integrate AdviserAsset as a research and selection module.
UniCredit buys 9% stake in Commerzbank as German government looks to offload shareholding
Of the stake, 4.49% was purchased from the Federal Republic of Germany for $775 million.
FinTech Futures: Top five news stories of the week – 6 September 2024
Our pick of the top fintech news stories this week includes Mastercard, Paylocity, Tarabut and more.
Paylocity to acquire spend management platform Airbase for $325m
The deal is expected to close “in the first or second quarter of fiscal 2025”.
Natixis sells private credit business MV Credit to Clearlake Capital
Upon completion of the deal, Clearlake Capital’s credit business will have over $28 billion in AUM.
Axway completes €330m acquisition of Sopra Banking Software
SBS CEO Eric Bierry has been named as the new deputy CEO of Axway.
Tarabut buys A2A payments platform Vyne
Tarabut says the move will enable it to bring “A2A payment capabilities to the Middle East”.
Danish family-focused fintech start-up MyMonii closes down
The Copenhagen-based fintech has now been acquired by undisclosed “new owners”.
BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Following the acquisition, Tweeq will continue to operate as an independent entity.
Allica Bank grows bridging finance offering with Tuscan Capital acquisition
Tuscan Capital provides short-term property finance to investors, developers and businesses.
FinTech Futures: Top five news stories of the week – 30 August 2024
Our pick of the top fintech news stories this week includes FNZ, Stripe, Visa, and more.
August 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from August.
Singapore’s DCS Innov acquires digital wallet fintech HolyWally
DCS Innov previously tapped HolyWally to develop its InstaWally solution.
August 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in August.
August 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in August.
US fintech PrizePool reportedly winding down consumer app amid acquisition
According to an email to customers shared on Reddit, the start-up is set to close accounts on 23 September.
