Metro Bank in talks to acquire UK P2P lender RateSetter
RateSetter would be bought up at “a knockdown valuation”.
Mergers & Acquisitions/M&A
NICE Actimize agrees acquisition of Guardian Analytics
The acquisition is expected to close in Q4 2020.
PayTech Awards winners: where are they now? Emailage – Best E-Commerce Initiative
The pending takeover of Emailage by LexisNexis “kind of dominates the news”, says EMEA MD.
Euronext Corporate Services snaps up Finnish compliance firms
Ticker Software and Sidonnaisuusrekisteri.fi to sit under InsiderLog brand.
Western Union reportedly makes acquisition bid for MoneyGram
Two of America’s largest money transfer and remittance services could be joining forces.
Microgen and Touchstone rebrand merged business to TrustQuay
Since the November 2019 merger, the firm has signed a handful of new deals.
Postera Capital acquires sentiment analysis firm Augmento
Blockchain fund operator aims to be “pioneer” for crypto consulting.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners is taking control of more than 80% of the fintech.
Goldman eyes up merger with Wells Fargo, PNC & US Bancorp on its shortlist
Goldman Sachs, “weakening biz model” would “force a merger,” says Charles Gasparino at Fox Business.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
SS&C Technologies acquires Innovest Systems in $120m deal
The transaction is expected to close in Q2 2020.
IHS Markit acquires Singapore-based Catena Technologies
Previously a fintech consultancy, Catena was overhauled in 2014.
Singapore’s GoBear snaps up fintech AsiaKredit
GoBear’s bank partners will be able to tap underserved consumers.
Embark buys Zurich’s UK retail and investment management business
The move is part of Embark’s effort to build its presence in the UK retirement/savings sector.
Santander finalises £350m deal for majority share of Ebury
The Spanish bank purchased a 50.1% stake in the international payments and FX firm.
Worldline continues acquisition streak with ecommerce gateway GoPay
Worldline will take over 53% of the stake in GoPay, and buy the rest in 2022.
SoFi acquires Hong Kong stock trading app 8 Securities
“Hong Kong, a financial capital of Asia, is ripe for innovation,” says SoFi’s CEO.
Swedish fintech Bokio lands $8m and merges with competitor Red Flag
The fintechs will have a combined user base of more than 80,000 customers.
Singapore’s new blockchain industry group BAS launches
The group is the result of a merger between two 2018-founded entities.
DCI nabs Vetter tech suite from AFT Analytics
DCI continues an acquisitive streak focused on strategic growth.
Finantix finalises acquisition of Swiss AI firm InCube
InCube will be brought into the wider Finantix portfolio.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
Consumer fintech SoFi to acquire Galileo for $1.2 billion
Both CEOs say now is “the right time” for this deal.
Vodacom and Safaricom finalise M-Pesa acquisition
Joint venture takes control of popular mobile money brand from Vodafone.
Video: Top fintech stories this week – 03 April 2020
FinTech Futures’ weekly news round-up.
Signicat acquires Connectis to tap Benelux region
CEO of Signicat says Connectis had been on the radar “for quite some time”.
Acuant finalises IdentityMind acquisition
Acuant will build IdentityMind’s onboarding solutions into its existing platform.
JP Morgan vs fintechs: Who really owns your data?
The bank gave fintech firms a choice: abide by data access rules or get out.
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
CRIF to buy AI fintech Strands
The deal is expected to close in the “coming weeks”.
BNP Paribas snaps up Banco Sabadell depository unit in €115m deal
The unit holds assets worth €22 billion in custody.
Tink completes €15.5m acquisition of Eurobits
The move is part of Tink’s growth strategy for 2020 and beyond.
Video: Top fintech stories this week – 27 March 2020
FinTech Futures’ weekly news round-up.
Spanish regulators approve $2.8bn SIX takeover bid for BME
SIX has been going head-to-head with Euronext for the Spanish exchange firm.
Australian telco ZipTel buys up challenger bank Douugh
Douugh uses AI to help customers get better insights on their money.
Brex acquires trio of San Francisco start-ups
Neji, Landria, and Compose Labs all brought under the Brex umbrella
Fiserv acquires POS partner Bypass Mobile
The two firms will work on new “purchasing experiences”
Video: Hot-seat with Steven Marshall, CCO of Crown Agents Bank
He reveals how a legacy institution can stay relevant and adapt in this digital wave.
Accuity buys London fintech Apply Financial
The deal builds on Accuity’s account validation solutions for FIs.
