Top fintech stories this week – 9 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Mergers & Acquisitions/M&A
Warburg Pincus buys majority stake in Fiserv lending business for $395m
Warburg Pincus is busy again with the acquisition of a 55% share.
TIA Technology acquires Danish insurtech start-up goBundl
TIA’s core insurance platform will be combined with goBundl’s self-service digital frontend.
ION acquires treasury management tech vendor Openlink
ION heading for a clean sweep of the treasury management software market?
Urban FT takes over troubled Digiliti Money
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
Spanish fintech Finect raises capital as BME takes minority stake
Bolsas y Mercados Españoles (BME) bought a 9.7% stake in Spanish fintech Finect for under €1 million.
Alibaba acquires 33% stake in Ant Financial affiliate for fintech fuel
Looking to “participate in the future growth” of the fintech sector.
Amex acquires AI travel aide Mezi
Getting in on messaging market with tidy acquisition of personal travel assistant Mezi.
Blackstone buys Thomson Reuters’ financial business for $17bn
Gets data business, risk and compliance solutions and wealth management software.
RELX buys fraud prevention firm ThreatMetrix for $830m
Deal is expected to close in the first half of this year.
ING makes 75% incision in Payvision
Looks for growth and to broaden its payment product portfolio.
EFG and BSI unite on Temenos T24 core banking system
The BSI business was moved from Avaloq Banking Suite onto Temenos’ T24.
Wipro takes minority stake in Harte Hanks
Wipro is acquiring a $9.9 million minority stake in omnichannel marketing services firm Harte Hanks.
Unified monitoring: how banks can plan for success, not just prepare against failures
How to stay competitive among other brick-and-mortar operations.
Exactpro completes management buyout from London Stock Exchange
They’re still friends – LSE will remain a customer of Exactpro.
Coinbase gets the Memo.AI engineering talent
Digital currency wallet Coinbase looks for growth.
Flywire acquires payments firm OnPlan Holdings
Buys OnPlanU and OnPlan Health, both subsidiaries of OnPlan Holdings.
Euronext acquires InsiderLog for €5.8m
Buys 80% of the capital of Stockholm-based insider list management firm.
Workday acquires machine learning start-up SkipFlag
SkipFlag uses deep learning to help enterprises make sense of data they collect each day.
Silver Lake and P2 Capital Partners to buy Blackhawk Network for $3.5bn
US investment firms go for an all-cash transaction, which includes Blackhawk’s debt.
Houlihan Lokey to buy Quayle Munro for data analytics drive
Los Angeles-based investment bank to acquire UK independent advisory firm.
SS&C to acquire DST Systems for $5.4bn
Looking for more market opportunities for outsourcing in financial services.
FireEye to acquire big data start-up X15 Software for $20m
Plans to integrate X15 Software’s platform into its own security tools.
LendingPoint adds POS financing with LoanHero buyout
US deal means it can extend its financial software and services to consumers making a major purchase.
Harrods Bank acquired by challenger Tandem
UPDATE. Purchase completed following regulatory approval from the Bank of England.
TD Bank deeper in AI mix with purchase of Layer 6
Ta-da! Making its intentions clear with acquisition of Toronto-based artificial intelligence (AI) company.
Crealogix moves on Middle East with Innofis acquisition
Swiss firm buys 100% of Innofis – a digital banking supplier for the Middle East.
CIBC acquires Wellington Financial for lendtech push
Buys loan assets as it seeks to strengthen its presence in North America.
Envestnet finalises acquisition of FolioDynamix for $195m
Wealthtech firm FolioDynamix is now part of Envestnet.
Top ten payments projects in 2017
Enjoy some of the major payments projects in 2017.
AWS reportedly eyeing deal for big data start-up Sqrrl
The big data analytics start-up could help AWS add an additional layer of security to its public cloud.
TSYS to acquire fellow paytech firm Cayan for $1.05bn
The acquisition is expected to close in Q1 next year.
Gemalto wooed by Thales’ massive wallet
Story needs more double entendres.
Atos bids €4.3bn for Gemalto to create IoT giant
An attempt to create an industry powerhouse in the markets for cybersecurity and digital products.
Cisco buys cloud optimisation firm Cmpute.io
Looking to take some of the pain out of managing multicloud environments.
Moneycorp expands with acquisitions in Brazil and UK
The Moneycorp Group will acquire Brazilian foreign exchange business Novo Mundo Corretora de Cambio, and UK-based currency firm First Rate FX.
Blockchain and Bitcoin round-up: 30 November 2017
Coming straight after yesterday’s (29 November) fun and games, here’s another quick summary of the blockchain and Bitcoin action. Features the European Central Bank, Tieto, Coinsilium Group and StartupToken. Well, Bitcoin went past $11,000. And then dropped. As you read this it will have changed again. So, opinions are aplenty. And… banks should speed up […]
Wealthtech: a market poised for extended growth
Rapid changes are occurring in the wealth management space and the level of disruption in how advice and capital are managed is only beginning. Wealth management is a monumental industry. The players in the space run the gamut from gigantic hedge funds to individuals who manage their own investments. This changing wealth management landscape is driving a significant uptick in transactions.
HPE adding AI to data centres with Nimble acquisition
Earlier this year, Hewlett Packard Enterprise (HPE) went on an acquisition spree meant to help the company improve its standing in the data centre market with products to address a range of issues customers faced as they moved to the cloud, reports Enterprise Cloud News (Banking Technology’s sister publication). Now, one of those deals is […]
Core banking system integrator Syncordis acquired by L&T Infotech
Indian tech vendor L&T Infotech (LTI) has acquired Syncordis, a Luxembourg-based core banking implementation specialist, for €15 million.
