Latest Findex News: Finextra Research

Technology overhaul central to $1 billion Morgan Stanley cost-cutting effort

Morgan Stanley is to seek $1 billion in costs cuts through a combination of outsourcing, technology streamlining, and expense reduction measures.

15 June 2016

Company update/Findex

Tsys buys out partner in Emea JV

Tsys (TSS) today announced that it has acquired — from The Merchants Group Limited (a Dimension Data company) — the remaining 45-percent ownership share in its TSYS Managed Services EMEA joint venture.

13 June 2016

News/Findex

FinLeap gets EUR21m financing; plans to pump EUR50m into fintech ecosystem

FinLeap, the startup platform behind Germany's SolarisBank, has secured EUR21 million in equity capital to support its fintech incubation programme.

13 June 2016

Company update/Findex

Verifone to cut jobs after posting disappointing Q2 results

Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results for the three months ended April 30, 2016.

08 June 2016

Company update/Findex

Chequers Capital buys Fime

Fime, a world leader in certification consultancy and testing for secure electronic transactions, has been acquired from Orange by independent investment firm Chequers Capital.

02 June 2016

News/Findex

Monitise ends plan to sell content biz

Shares in Monitise have taken a dive after the mobile banking firm revealed it has ended talks to offload its marketing content business Markco Media.

01 June 2016

Company update/Findex

Investment research marketplace Smartkarma raises $4.7m

Smartkarma, the premier collaborative marketplace for Asian investment research and analysis, has closed its second strategic funding round, raising $4.7million USD to further expand its unique investment research offering.

01 June 2016

Company update/Findex

Payveris raises $7.5m

Payveris, a provider of cloud based, open API digital payment solutions designed to enable banks and credit unions to compete more effectively with alternative payments providers and large money center banks, announces they have received $7.5 million in funding from new and existing investors in a round led by San Francisco-based Mosaik Partners.

31 May 2016

Company update/Findex

Fraud prevention startup Featurespace raises $9 million

Featurespace — a global leader in machine learning fraud prevention using Adaptive Behavioural Analytics, has raised $9 million (£6.2 million) from a funding round led by TTV Capital — the leading US-based early stage financial services technology venture capital firm.

31 May 2016

News/Findex

Tech Mahindra agrees £112m Target Group acquisition

Indian IT services group Tech Mahindra has agreed to buy Target Group, a UK business process outsourcing (BPO) and software provider to financial institutions, for an enterprise value of £112 million.

27 May 2016

Company update/Findex

Lombard Risk moves in to the red

Lombard Risk Management plc (LSE:LRM), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, is pleased to announce its final results for the year to 31 March 2016.

27 May 2016

News/Findex

Danish fintech startup Pleo scoops EUR500,000 seed investment

Pleo, a Danish fintech company that builds smart company cards to track spending and automatically fills in expenses, has pocketed a EUR500,000 seed investments after beating off competition from 3000 startups at the Pioneers Festival in Vienna.

26 May 2016

Company update/Findex

Dashlane secures $22.5 million funding; adds Pascarella to board

Dashlane, an award-winning password manager and leader in online identity management, announces the closing of $22.5 million in a Series C round of funding.

25 May 2016

Company update/Findex

Paysafe talks up Q1 results

Paysafe Group plc (LSE: PAYS, “Paysafe” or the “Group”), a global provider of online payment solutions, issues the following trading update covering the four months to 30 April 2016, ahead of the Annual General Meeting at 11.30am today in the Isle of Man.

25 May 2016

Company update/Findex

Mexican lending platform Konfio raises $8m

Konfio, an online Mexican lending platform, announced a new round of investment for $8 million from the Accion Frontier Inclusion Fund managed by Quona Capital, QED Investors, Kaszek Ventures, and Jaguar Ventures that will allow the lender to strengthen its operations, grow its user base, and adopt corporate best practices.

24 May 2016

News/Findex

Big banks join $40 million SigFig round

San Francisco-based robo-advisor SigFig has raised $40 million in a new financing round that includes investment from UBS and the fintech venture fund of Spain's Banco Santander.

24 May 2016

Company update/Findex

Jirnexu raises $3M in Series A funding

Southeast Asian fintech startup Jirnexu (formerly Saving Plus) has raised US$3 million in Series A funding.

24 May 2016

Company update/Findex

SyndicateRoom secures £3.1million to pursue growth in equity capital markets

SyndicateRoom today completes its series A funding round, raising £3.1million.

23 May 2016

News/Findex

NAB, Westpac and Qantas pump $10.5 million into Data Republic

National Australia Bank, Westpac and Qantas have invested $10.5 million in Sydney-based startup Data Republic, which is aiming to build a marketplace for data exchange between major corporations.

23 May 2016

Company update/Findex

Chime adds Apple Pay; closes $9 million financing round

Chime, the bank account that helps its members lead healthier financial lives and automate their savings, today announced a suite of new features including the availability of Apple Pay and separately, a new service to instantly pay friends and family.

19 May 2016