Broadridge completes FundsLibrary acquisition
Regtech firm to be incorporated into Broadridge FundAssist.
Mergers & Acquisitions/M&A
Nationwide leads race for £1.9bn Sainsbury’s Bank deal
An agreement had yet to be finalised but a transaction could be struck in the coming weeks.
Elavon sells Mexican operations to Santander
Payments firm set to focus on US, Canada, and Europe.
UK fintech global investor figures for 2019 propped up by Worldpay deal
88% of the figure is made up of the Worldpay mega deal.
Intuit close to buying Credit Karma for $7bn
Last week saw a flurry of major fintech deals.
Google equips its cloud offering with two acquisitions
The Big Tech is gearing up to take on Amazon and Microsoft’s rival cloud products.
Video: Top fintech stories this week – 21 February 2020
FinTech Futures’ weekly news round-up.
Morgan Stanley to buy E-Trade for $13bn in bid to tap online traders
The Wall Street investment bank is branching out from its wealthy client base.
Ally Financial to buy CardWorks for $2.65bn, shares fall 10%
The deal grows Ally’s user base to 11 million across 50 US states.
LendingClub becomes first fintech to buy a US regulated bank
The fintech has acquired the $1.4 billion asset-holding Radius Bank for $185 million.
Intesa Sanpaolo makes €4.9bn bid for rival UBI
UBI Banca is Italy’s fifth largest bank.
Klarna buys Italian paytech Moneymour
A product development hub will be launched in Milan.
AnaCap to acquire Wealthtime
AnaCap takes first step into UK wealth management
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Fintech M&A: Prioritising growth and resilience
There is still runway for further consolidation.
Grab buys Singapore robo-advisory start-up Bento
Bento will be rebranded as GrabInvest.
Worldline to buy rival Ingenico for $8.6bn
Worldline says the acquisition will create the fourth biggest player in the global payments sector.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Crédit Agricole acquires majority stake in aggregation fintech Linxo
French cooperative to own 85% of Linxo after deal.
Viva Wallet buys Greece’s first digital challenger Praxia Bank
Praxia was on the verge of being dissolved last month.
Heidelpay seeks acquisitions and eventual IPO
“An IPO is of course always an option for fresh capital,” says CEO Mirko Huellemann.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
Plaid and Honey: How consolidation helps and hinders competition
Consolidation is now becoming synonymous with standardisation – breeding competition.
Raisin acquires Choice FS as first step into US deposits market
Raisin’s CEO Paul Knodel calls Choice FS “a perfect fit” for its US mission.
Visa to buy fintech start-up Plaid for $5.3bn
The deal doubles the fintech’s valuation from just over a year ago.
Macquarie to buy $2.1bn Australian data centre firm AirTrunk
AirTrunk operates data centres in Sydney, Melbourne and Singapore.
PayU nabs controlling stake in PaySense, plans merger with LazyPay
PayU splashes $185 million on new acquisition.
NewDay acquires Deko to grow tech revenues
The acquisition comes months after the appointment of new CEO John Hourican.
Nets acquires Finnish firms Poplatek and Poplapay
Nordic payments group snaps up new firms to boost terminal services.
Sopra Steria completes acquisition of Fidor Solutions
Sopra on the hunt to boost its digital banking product portfolio.
Commerzbank to acquire block of Comdirect shares from Petrus Advisers
Commerzbank will hold over 90% of the shares of Comdirect once it’s completed.
Mastercard reveals acquisition of AI-based risk firm RiskRecon
The deal with RiskRecon is expected to close in Q1 2020.
Fintech’s largest mergers and deals in 2019
What deals shook the market this year? We find them so you don’t have to
ECB vice president mulls cross-border bank mergers
Combinations would help banks avoid low profitability, says Luis de Guindos
Video: Top fintech stories this week – 13 December 2019
FinTech Future’s weekly news round-up.
Deutsche Bank plans €100m streamlining project for retail ops
German lender continues its dramatic savings plan.
Cboe Global Markets agrees to acquire EuroCCP
The deal is expected to close in the first half of 2020.
Video: Top fintech stories this week – 06 December 2019
FinTech Future’s weekly news round-up.
LatAm Evertec acquires commercial payments enabler PlacetoPay
The acquisition is a gateway for Evertec to tap Colombia and Ecuador.
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
