Fiserv has acquired payments software vendor Dovetail as it pushes deeper into the payments infrastructure sector. Financial terms were not disclosed. Through the acquisition, Fiserv says it will combine Dovetail’s real-time payments platform, services and business processing with its payment capabilities. Dovetail had been one of the very few independent fintech beacons in the industry, […]
Fiserv has acquired payments software vendor Dovetail as it pushes deeper into the payments infrastructure sector and real-time payments. Financial terms were not disclosed.
Quickly following on from the round-up on 16 August, here’s more blockchain and Bitcoin action. Features the Australian government, Blockchain (as in the firm), ShapeShift, Bitstamp and Payza. The Australian government has launched a crackdown on money laundering and terrorism financing – including the digital currency exchange sector being regulated for the first time. The […]
P2P lending roboadvisor LendingRobot will join NSR Invest, creating what it calls “the largest independent roboadvisor in the alternative lending space”, reports Finovate (Banking Technology‘s sister company). LendingRobot explains in its blog that the “websites, operating, and trading systems” of each platform will continue to function as usual for the time being as the companies prepare […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Uganda-based DFCU Bank is also upgrading its core banking software to the tune of $20 million. DFCU is moving from version 7 of its Infosys’ Finacle core banking platform to version 10.
Digiliti Money may be able to breathe a bit easier with a new acquisition offer on the table after a tumultuous few weeks.
Market players are bullish on the near- and longer-term promise of fintech, according to new research by Opimas, “Fintech Spending and Innovation in Capital Markets”. In 2017, it estimates fintech spending across all capital markets participants to exceed $127 billion.
Germany-based Deposit Solutions has acquired fellow fintech Savedo. With the acquisition of Savedo, Deposit Solutions gains 18,000+ clients, 13 partner banks and new regions – thus “further expanding its B2C capabilities”.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Green Dot Corp. reported strong numbers for the quarter ended June 30, 2017, including a 140 percent increase in GAAP net income to $19.3 million, up from $8.0 million over Q2 2016.
Vantiv and Worldpay each reported double-digit profit growth on Aug. 9 and announced that their respective boards have agreed to an £8 billion (US$10.4 billion) merger. The combined company, which will be called Worldpay, will be valued at approximately £22.2 billion (US$28.8 billion).
Linedata has expanded its outsourcing business into Asia with the acquisition of Quality Risk Management & Operations (QRMO), a provider of outsourced middle-office, shadow accounting and risk monitoring services to the asset management and securities industries.
Paysafe Group has reached an agreement to be acquired for £2.96 billion ($3.89 billion) by private equity firms Blackstone and CVC Capital Partners.
Take the pain out of paytech with this brief round-up. Features Seven Bank, BDO Unibank, Earthport, Kotak Mahindra Bank, Payconiq and Digicash Payments.
Two small credit unions in the US state of Connecticut – East Hartford Federal Credit Union and America’s First Network Credit Union – have implemented a centralised core banking platform as part of their merger.
Fiserv has acquired PCLender, a US-based provider of “simple, elegant, internet-based mortgage solutions for community banks, credit unions and mortgage bankers”.
Massachusetts-based software provider LogMeIn has acquired Nanorep, a chatbot and virtual assistant company, for $45 million to boost its artificial intelligence (AI)-powered ambitions in customer engagement. Headquartered in Herzliya, Israel, Nanorep uses AI and patented natural language processing technologies for self-service solutions. A number of companies, such as financial software firm Intuit, Vodafone, and non-fintech […]
Mobile financial services company Vipera is acquiring SoftTelecom. The deal is expected to close for $1.5 million (€1.3 million).
SIX Payment Services is buying the Frankfurt-based girocard network operations business from VÖB-ZVD Processing, a subsidiary of Deutsche Postbank, reports Paybefore, Banking Technology‘s sister publication. The agreement provides for the customer relationships, employees and assets of the network operations business being transferred in full to SIX Payment Services as part of the acquisition. The terms of […]
UK-based banking software specialist Cennox has completed the acquisition of 3SI Security System’s European division.
France’s Worldline is buying 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (aka First Data Baltics or FDB) for around €73 million, financed by available cash. This latest deal follows on from earlier this month, when Worldline announced a definitive agreement to acquire 100% of the share capital […]
Sofgen, a Switzerland-based IT consultant and integrator in the financial services and banking space, is undergoing major organisational restructuring. As a result, it will be completely absorbed into its parent, Tech Mahindra, Banking Technology understands.
Japan’s Softbank is said to have begun talks with Uber about taking a multi-billion-dollar stake in the ride-hailing business.
Nasdaq will acquire Sybenetix, a surveillance provider that uses behavioural analytics and cognitive computing. The addition of Sybenetix to Nasdaq’s risk and surveillance suite of solutions, including Smarts and TradeGuard, will allow Nasdaq to “bring deeper technology savviness and expertise to buy-side compliance officers across the global capital markets who require future-focused surveillance capabilities to […]
Investment firm Permira will acquire a 10% equity stake in Swedish payments and banking firm Klarna. As part of the deal, Permira will buy shares from existing shareholders General Atlantic, DST Global and Niklas Adalberth, upon receipt of approval from the Swedish Financial Supervisory Authority (Finansinspektionen). Once the transfer is complete, General Atlantic and DST […]
In payments, the big guys just keep getting bigger and more diversified. Ingenico Group on July 20 announced its €1.5 billion (US$1.74 billion) purchase of Sweden-based payments company Bambora from Nordic Capital.
Mastercard has entered into an agreement to acquire Brighterion, a software company specialising in artificial intelligence (AI), reports Banking Technology‘s sister publication Paybefore. This acquisition follows Mastercard’s March acquisition of NuData Security and will further expand Mastercard’s capabilities to “deliver an enhanced customer experience and security”. Brighterion’s portfolio of AI and machine learning technologies provide real-time […]
Mastercard has entered into an agreement to acquire Brighterion Inc., a software company specializing in artificial intelligence. This acquisition follows Masterdard’s March acquisition of NuData Security and will further expand Mastercard’s capabilities to “deliver an enhanced customer experience and security.”
Mobile banking technology provider Urban FT has completed its acquisition of US software firm iParse, which, CEO Richard Steggall tells Banking Technology‘s sister publication Paybefore, will help the company provide a “mobile plug-in” for financial institutions. Steggall says the quicker, cheaper option compared with core processing integration will open up feature-rich mobile banking apps to […]
France-based payments technology provider Worldline is expanding its global footprint with a definitive agreement to acquire 100% of the share capital of Digital River World Payments (DRWP), an online global payment service provider from Digital River Inc. Banking Technology‘s sister publication Paybefore reports that the acquisition, which is expected to close in the third quarter […]
Mobile banking technology firm Urban FT has completed its acquisition of iParse LLC
French payments technology provider Worldline is expanding its global footprint with a definitive agreement to acquire 100 percent of the share capital of Stockholm-based Digital River World Payments, an online global payment service provider from Digital River Inc.
Junction National Bank (JNB) in the US state of Texas has signed to replace its legacy core banking software with iCore360 from Data Centre Inc (DCI). On the way out is the solution provided by Sharp BancSystems (SBS), now owned by Nymbus.
Broadridge Financial Solutions will acquire Spence Johnson, a provider of institutional data and intelligence, for its asset management market ambitions. With the purchase, Broadridge says its Global Market Intelligence, a platform for retail cross-border fund data and analytics, will be able to use Spence Johnson’s Money in Motion dataset that provides analytics on assets, flows […]
Banking tech provider Profile Software will acquire 100% of Paris-based Login, a specialised treasury software provider. Founded in 1988, Login offers its AcumenNet platform, which is used for front office, trading, risk management, middle and back office requirements. It covers a range of asset classes that include forex and money market instruments, exchanged traded and […]
Just a few days after Vantiv and Worldpay made merger and acquisitions headlines in the payments world, here come Equiniti and Nostrum with some M&A news of their own in the lending space.
The UK’s Competition and Markets Authority (CMA) has finally decided that Intercontinental Exchange (ICE) should sell Trayport to preserve competition in wholesale energy trading. As Banking Technology reported in August, the CMA “provisionally” found ICE’s acquisition of Trayport may give rise to competition concerns. After lengthy investigation, CMA says: “As a result, ICE will now […]
First Data has completed its acquisition of US payments processor firm CardConnect for about $750 million in cash including the repayment of debt. As Banking Technology reported earlier, the Fintech Acquisition Corp acquired FTS Holding Corporation in July 2016 and renamed it CardConnect. At that time, it traded shares of CardConnect on Nasdaq at approximately […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
