Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. This is a community for discussing the index, its movements and wider M and A activity in the fintech world.

Elton Cane Digital product delivery at News Corp Australia

Finextra launches market data and analysis on fintech sector

We have launched a new market data section on Finextra.com, which will provide market data and financial analysis across the different subsectors within the financial technology industry worldwide. After making a beta version available to Finextra Community members for feedback, we've now stealthily made it live on Finextra.com. We will be tweaki...

13 February 2008

Elton Cane Digital product delivery at News Corp Australia

Why predict Eurex as a survivor and not Deutsche Boerse?

This recent TowerGroup report makes some interesting predictions, and has sound reasons for picking its five suvivors in the global exchange land grab. On one hand I can see why they have picked Eurex as one of them, as its global strength as a derivatives exchange operator means it's the only real competitor for CME Group in this area. But why li...

12 February 2008

Elton Cane Digital product delivery at News Corp Australia

IBM results are good news for fintech sector

After previewing its fourth quarter results on Monday, IBM yesterday provided more details yesterday, which provided a boost for the tech sector generally. And although it may be too early to tell, they could also show that any falls in bank tech spending resulting from the current financial crisis aren't too severe (yet). The company saw earning...

18 January 2008 /wholesale

Elton Cane Digital product delivery at News Corp Australia

M and A can be addictive, even if you're not very good at it

A new report from Deloitte Research on M&A trends contains some interesting findings. Although it is based on a wide survey of active acquirers earlier this year, when deal value and volumes were still high, the report positions itself as offering advice for M&A strategy in today's uncertain economic climate. The survey looked at what per...

15 November 2007 /wholesale

Paul Penrose Head of Research at Finextra

The future of global financial markets

Panelists in the exchange consolidation session at Finextra’s Fintech M&A event in London on Tuesday were asked to look ten years into the future and hazard a guess at the likely winners in the global exchange race. Lee Olesky, president of Thomson TradeWeb cast his vote in favour of a new entrant – a Google or Facebook for the financial servi...

02 November 2007 /retail /wholesale

Elton Cane Digital product delivery at News Corp Australia

In what sense do SmartStream and Fidessa compete?

The FT reports that SmartStream's bookbuilding for its IPO is not going quite as well as hoped, and that it probably won't be reaching the £300 million figure it said earlier this month it wanted to raise. This isn't particularly surprising given the state of the markets and potential decreases in IT budgets among the banks that SmartStream sells ...

28 September 2007 /wholesale

Paul Penrose Head of Research at Finextra

Is Tibco the canary in the coalmine?

Tibco's decision to downgrade its earnings forceasts for the year after experiencing a sudden fall out in contracts at the end of the quarter has spurred some analysts to suggest that that the ongoing credit crunch may be hitting bank IT spending budgets. Katherine Egbert, an analyst with Jefferies and Co. notes: "Although Tibco is a relativel...

07 September 2007 /wholesale

Elton Cane Digital product delivery at News Corp Australia

Credit crunch won't stop First Data deal

First Data's acquisition by an affiliate of Kohlberg Kravis Roberts & Co. (KKR) received domestic and US regulatory approval today. In recent weeks, as the US sub-prime mortgage crisis spread to the wider credit markets, there has been some speculation that the banks underwriting large leveraged deals such as KKR's $29billion acquisition of gl...

22 August 2007 /payments /wholesale

Elton Cane Digital product delivery at News Corp Australia

Greenspam, sandwich filler and economic predictions

Normally it's not good form to take potshots at the mistakes of fellow media organisations. But today's newsletter from press release aggregator Bob's Guide contains a particularly amusing piece: Deutsche Bank hires Greenspam as advisor Deutsche Bank has hired Alan Greenspam as senior advisor to its investment banking unit. The appointment ...

14 August 2007 /wholesale

Elton Cane Digital product delivery at News Corp Australia

CheckFree sale dilutes risk of losing biggest customer

As discussed in this Finextra story from April CheckFree was facing the prospect of losing Bank of America as a customer of its payment processing business. BoA was, and still is as far as I can tell, looking to bring this function in-house and perhaps even start doing payment processing for other firms. The client note by the JMP Securities analys...

03 August 2007 /payments