BNP Paribas purchases stake in Allfunds to bolster wealthtech solutions
Bank aims to create market-leading software using Allfunds expertise.
Mergers & Acquisitions/M&A
Pendleton Community Bank signs Teslar Software for automation
West Virginian bank needed new tech following merger.
Vista Equity Partners mulls Finastra sale
Private equity firm could jettison 50% of tech firm
The challenges for banks and fintechs when building a partnership
Chris Ward, author at Mapa research, dissects the changing definition of ‘partnerships’ in fintech.
Banking Technology October 2019 issue out now
Lessons from Africa.
US Bank acquires Talech to help drive digital transformation
The deal enhances the bank’s digital services for SMEs.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Wealthfront acquires robo advisor Grove
California-based, Wealthfront, is acquiring financial planning fintech Grove for an undisclosed sum
Nuvei completes $889m SafeCharge deal
“We are jointly creating an international payment giant.”
First Data and Bank of America end paytech partnership
Fiserv’s First Data will provide services to its current client merchants until June 2023.
LSE in talks to buy Refinitiv for $27bn
The deal includes debt of $12.2 billion.
Visa eyes up Nets
Sources say Visa may acquire parts of the Nordic fintech.
Moody’s acquires fintech RiskFirst
The acquisition will boost Moody’s Analytics’ offering.
Blockchain ID management firm Trusted Key bought by Workday
Trusted Key will bring its blockchain-based, digital identity management technology to Workday.
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Urban FT acquires CFC Technology Group
The pairing aims to tilt the playing field for community-based institutions.
Thomson Reuters acquires HighQ
It enhances their aim of providing more cloud-based software for legal professionals.
Visa acquires POS payment gateway Payworks
The integrated platform will unify the online and in-store payments experience.
Temenos acquires AI firm Logical Glue
It claims to bring transparency and explainability of AI automated decisions to the banking industry.
Finca Microfinance Bank implements AutoSoft’s AutoBanker
The suite has been rolled across 135 branches.
SumUp enhances payments for SMEs with €330m funding
Following the acquisitions of Debitoor and Shoplo.
Goldman Sachs invests €25 million in Raisin
The new funding brings the total volume of primary investment to €195 million.
Advent acquires revenue management firm TSG
TSG provides business management software and integrated payments.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Banking tech heavyweight Jack Henry acquires PFM firm Geezeo
The two companies say they’ve been “strong business partners” for years.
Visa acquires chargebacks tech firm Verifi
To combine Visa’s anti-fraud tech with Verifi’s solutions.
Visa expands token and ticketing services with Rambus’ portfolio
Visa will develop its tokenisation services to support commerce.
Pineapple Payments acquires CardChamps portfolio
Both firms are based in Pittsburgh, Pennsylvania.
Thomson Reuters to acquire Confirmation
It will expand core tax, accounting, and audit solutions.
Celero acquires Elmhurst and Tandem
The acquisitions add distribution and tech-focused organisations to its financial institution partners and merchants.
CGI makes £78.9m all-cash offer for SCISYS
The deal would expand CGI’s reach in European space and defence markets.
Trustly to merge with PayWithMyBank
Trustly and PayWithMyBank will combine into a global payments entity with revenues of more than $120 million in 2018
Top fintech stories this week – 14 June 2019
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
H&R Block acquires Wave Financial for $398m
It follows Wave’s recent acquisition of Every.
CloudBees acquires Rollout to ease feature deployment
Targeting the continuous integration/continuous delivery (CI/CD) market.
Prepaid payments firm InComm acquires Hallmark Business Connections
Hallmark Business Connections provides employee incentive programmes.
Refinitiv acquires AlphaDesk to expand buy-side solutions
Deal adds a cloud-based OMS to Refinitiv’s offering.
