Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Mergers & Acquisitions/M&A
TradeIt to be acquired by TradingView
The company will leverage TradeIt’s technology to bring mobile trading.
Crown Agents Bank bags Segovia’s payment gateway business
The bank provides payment services in frontier markets.
Three-way merger creates enlarged Bank of Baroda
The three banks are Bank of Baroda, Vijaya Bank, and Dena Bank.
OnDeck acquires Evolocity
Catering for small businesses in Canada.
Fidor CEO leaves as BPCE sells bank
Matthias Kröener founded Fidor ten years ago.
Broadway Technology acquires Barracuda FX for wealthtech push
Broadway will retain the full Barracuda FX team, operating as an independent company.
Finleap acquires German challenger bank Penta
Penta will collaborate with Beesy to serve Italian freelance market.
VC financing enables MeaWallet management buyout
Thanks to a “substantial capital injection” from Idekapital
eToro buys blockchain company Firmo
This is eToro’s first acquisition.
Video: fintech news weekly round-up – 25 March 2019
FIS acquires Worldpay, PSD2, Tandem, and other news!
One Finance gets bigger with Amplify acquisition
The details of the deal remain undisclosed.
HSBC to offer BlackRock’s Aladdin software to wealthy customers worldwide
BlackRock also announces acquisition of eFront
Envestnet | Yodlee to acquire PIEtech for $500m
This would be the tenth acquisition for the Chicago-based company.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Video: fintech news weekly round-up – 18 March 2019
More open banking news, fintechs in LatAm, an a MasterCard acquisition.
FIS acquires Worldpay for $34bn
The resulting merger will have an enterprise value of approximately $43bn.
Paytech InComm acquires Linq3 Technologies
This is the firm’s eighth acquisition.
First Data to acquire Brazilian paytech Software Express
The two companies expect to process more than 15 billion transactions this year.
PayPal pumps $750m into e-commerce firm MercadoLibre
The Argentine company is planning to raise $1.85bn in equity offerings.
Mastercard acquires Ethoca for e-commerce fraud protection
Follows on from Mastercard’s recent acquisition of Transfast.
UK’s OneSavings Bank and Charter Court mull merger
The new institution would be valued at more than £1.6 billion.
Pintec acquires Australian credit risk solution provider InfraRisk
Chinese firm seeks action abroad and aims to boost its “SaaS Plus” model.
Lack of buyers puts an end to UK’s Raphaels Bank
One of the nation’s oldest banks is being wound down.
Mastercard drops Earthport bid for Transfast acquisition
The firm will now get this cross-border account-to-account money transfer network instead.
FSS takes stake in Africa’s Ecentric Payment Systems
Paytech acquires 46% stake as part of its African expansion plans.
Blockchain outfit SETL files for bankruptcy
UK payment and settlement infrastructure provider calls in an administrator.
Wave acquires Canadian SME account provider Every
Software firm plans to integrate more financial products and services.
German savings marketplace Raisin acquires MHB Bank
Fintech buys bank. Yes, we worked that out thanks.
PFS acquires Barclaycard prepaid card portfolio
Plans to offer an “enhanced” service to payroll and corporate clients.
Coinbase’s Neutrino acquisition caught in oppressive state
It got some Hacking Team staff via the deal. That didn’t work out too well.
Nasdaq ups its offer on Oslo Stock Exchange to $795m
Five days from the closing deadline, Euronext is on the back foot.
Cognizant buys post-trade processor Meritsoft
Acquisition of Irish firm expands its Software-as-a-Service platforms.
WorldFirst acquires CurrencyVue to develop trade platform
The acquisition will help its foreign exchange capabilities.
Figo and Finreach join forces
Will offer a joint European Software-as-a-Service API platform for finance.
TAS Group acquires AI outfit Mantica
Gets its hands on AI and machine learning models for banking and fintech.
Astorg takes minority stake in UK insurtech Acturis
Existing investor Summit Partners will exit its position.
ACI to acquire Speedpay for $750m from Western Union
Deal will bring Speedpay and UP Bill Payment platforms together.
Experian calls off £275m ClearScore acquisition
UK’s Competition and Markets Authority expressed concerns.
Zurich North America acquires Sea Pine for auto insurance action
Deal for dealers as insurance firm gets access to vehicle protection products.
