Finablr takes majority stake in digital gifting firm Swych
Payments and foreign exchange solution platform boosts its stake in the firm.
Mergers & Acquisitions/M&A
Goldman Sachs acquires financial modelling firm ClearFactr
Bank boosts tech capabilities with purchase of one-man operation.
Talend seeks some data talent in Stitch acquisition
Stitch will be rebranded as Stitch Data Loader.
The value of regulatory diligence in fintech M&A
Proposing a framework for making valuation adjustments in fintech M&As deals.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
NTT Data to acquire Canada’s Sierra Systems
The acquisition will provide Tokyo-based NTT Data with a “significant” presence in Canada.
Red Hat to be acquired by IBM in “game changing” $34bn deal
With the acquisition of Red Hat, IBM will become the world’s #1 hybrid cloud provider.
Umpqua Bank sells fintech unit to banking tech firm Kony
Kony bucks status quo by acquiring tech from Umpqua Bank.
Purchasing Power takes over DoubleNet Pay
Financial wellness platform DoubleNet Pay has agreed to be acquired by Purchasing Power.
NCR steps into payments with $184m JetPay acquisition
NCR and JetPay anticipate “a smooth transition” for customers, channel partners and employees.
Jack Henry acquires Bolts for digital account opening
US-based Bolts Technologies offers boltsOPEN, a digital account opening solution.
Top fintech stories this week – 12 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Crypto start-up Circle snaps up SeedInvest
Plans for token marketplace get boost from equity crowdfunding platform.
Nacha acquires Business Payments Directory Association
The union seeks to improve B2B payments in the US.
Top fintech stories this week – 28 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
US paytech Elan sold to Fiserv for $690m
Elan comes with revenues of over $170m.
Goldman Sachs to spin off Simon finance app
In advanced talks with several firms to sell its three-year-old app.
iSignthis acquires core banking tech vendor Probanx for €400,000
iSignthis paid €300,000 in cash and €100,000 in shares for Probanx.
Infosys to acquire Fluido for $76m
Tech firm to buy cloud advisory and consulting services company.
Chain and Lightyear leap into Interstellar blockchain space
Crypto ledger company finally acquired by blockchain tech firm.
SS&C to acquire fintech data provider Intralinks for $1.5bn
Acquisition brings cloud-based virtual data rooms for banking clients.
INTL FCStone acquires Swift Service Bureau from PayCommerce
“This acquisition increases our technological infrastructure.”
Payment Cloud Technologies and Tuxedo Money merge in €70m deal
New firm Omnio to offer cloud-based banking and payment services.
FIS sells Certegy cheque business
Certegy Check Services sold to Variant Equity Advisors.
Elavon expanding merchant payment line with ETS acquisition
US Bank subsidiary buys Virginia-based Electronic Transaction Systems.
Munich Re acquires IoT player Relayr
Acquisition is via its subsidiary Hartford Steam Boiler.
UBS to sell robo-advisor SmartWealth to SigFig
Swiss bank already has an equity stake in SigFig.
Latvian entrepreneurs buy Colorado National Bank for $9m
Co-owners of payments firm to profit from a Chapter 11 bankruptcy.
Shoeboxed acquired by Earth Class Mail
Receipt and business card digitisation firm unboxes some major news.
Cloud finance platform Consero gets $50m investment
Boston-based BV Investment Partners invests in Texan firm.
Credit Karma acquires US lendtech Approved
Making mobile mortgages happen in San Francisco and San Diego.
Coinbase acquires Distributed Systems for digital identity dream
Anonymity and privacy. Even when it comes to financial details.
Diebold Nixdorf looks for buyers
ATM services firm hires Credit Suisse and Evercore to help with potential sale.
Q2 to acquire Cloud Lending Solutions
Digital banking solutions provider loves the lending look.
US Bank to sell card processor Elan
EXCLUSIVE. Finastra, FIS and Fiserv believed to be in final bid.
DocuSign to acquire CLM software provider SpringCM for $220m
All part of its plan to modernise companies’ systems of agreement.
Xero buys paperless accounting hero Hubdoc
“Business has never been so beautiful.” Awww. Pass the sick bag.
SS&C to acquire wealthtech Eze Software for $1.45bn
Boston-based Eze is a provider of investment management solutions.
Entrust Datacard acquires SMS Passcode
Entrust hopes to further establish itself in the authentication space.
Thomson Reuters Financial & Risk and Blackstone create Refinitiv
Will be a standalone company. And should lead to shorter headlines.
