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4073 articles tagged with this keyword

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Capital markets AI startup Almax Analytics closes seed funding round

Almax Analytics, Artificial Intelligence for News Insights in Capital Markets, announced today financing of the initial growth and development for its technology (the seed round) has been closed in London.

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First Data narrows Q1 net loss

First Data Corporation (FDC), a global leader in commerce-enabling technology and solutions, today reported financial results for the first quarter ended March 31, 2016. Consolidated revenue for the first quarter was $2.8 billion, up 3% versus the prior year period, or up 5% excluding currency impacts.

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Visa Inc amends Visa Europe deal to appease EC

Following feedback from the European Commission, Visa Inc has tweaked the terms of its acquisition of Visa Europe, scrapping a planned earn-out in exchange for an extra EUR1.75 billion in cash.

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Heartland stockholders approve Global Payments merger

Global Payments Inc. (GPN), a leading worldwide provider of payment technology services, and Heartland Payment Systems, Inc. (HPY), one of the nation’s largest payment companies, announced today that Heartland stockholders voted to approve the proposal relating to Heartland’s merger with Global Payments.

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PayPal leads $30m round in spare change investment app Acorns

Acorns, an app that automatically invests the change from debit and credit card purchases into stocks and bonds, has raised $30 million from PayPal, with participation from the Rakuten Fund.

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AmEx Q1 net income slides 6%

American Express Company (AXP) today reported first-quarter net income of $1.4 billion, down 6 percent from $1.5 billion a year ago. Diluted earnings per share was $1.45, down from $1.48 a year ago.

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Accenture and Apax Partners form insurance software JV

Accenture (NYSE:ACN) and Apax Partners, a leading global private equity firm, have agreed to form a joint venture to accelerate the innovation of claims, billing and policy administration software for the insurance industry.

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American banks invest in electronic billing and payments outfit Transactis

Some of America's biggest financial institutions - Capital One, Fifth Third, PNC, TD, and Wells Fargo - have joined a $30 million Series E funding round for electronic billing and payments firm Transactis.

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Bats Global Markets prices IPO at $19 per share

Bats Global Markets, Inc. (“Bats”), a leading global operator of exchanges and services for financial markets, today announced the pricing of its initial public offering at a price to the public of $19.00 per share.

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Kraken receives Series B investment from Money Partners Group; expands in Japan

We are pleased to announce an investment from Money Partners Group, one of Japan’s leading foreign exchange brokerages, in the Kraken Series B round of financing. Tokyo-based Money Partners Group is listed on the 1st Section of the Tokyo Stock Exchange and holds a current market cap of over ¥29 billion, or over $260 million USD. The terms of the deal were not disclosed.

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Customer service bot startup Digital genius raises $4.1 million

DigitalGenius, the Level39 member which delivers an automated customer service platform based on AI and NLP, has raised $4.1 million from a group of institutional investors to broaden the adoption of its customer service bots.

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Affirm snags $100 million funding round

Affirm, the financial services technology company led by Max Levchin, today announced it raised $100 million Series D round of equity funding.

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Pave raises $8 million in series a funding

Pave, the online lending platform that is re-inventing borrowing for the Millennial generation, today announced it has completed an $8 million Series A round of equity investment.

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BM&FBovespa agrees deal to buy Brazilian clearing house Cetip

BM&FBOVESPA and Cetip presented the press today with a proposal to merge the operations of the two companies, creating a world-class financial infrastructure company of great systemic importance, ready to compete in a global market that is ever more sophisticated and challenging, while increasing the security, solidity and efficiency of the Brazilian market.

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Wirecard profit up

Wirecard has further expanded its position internationally as a driver of innovation for electronic payment solutions.

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German online lender Finanzcheck scores EUR33 million funding round

Germany’s #1 consumer loan technology platform closes its series C with renowned lead growth investor HarbourVest joined by Acton Capital Partners and Highland Europe.

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Money2020: Ixaris pumps $6 million into B2B payments spinoff

Ixaris, the payments technology expert, today announced it is separating its payments technology arm, Ixaris Technologies, to create a fully dedicated tech subsidiary to support its open payments platform offering.

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Scalable Capital scoops £5.6 million in funding ahead of UK launch

Munich-based digital investment manager Scalable Capital has secured £5.6 million in funding to support its forthcoming launch in the UK.

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MoneyCorp reaps benefit of technology investment

Moneycorp, the currency and international payments business, continued to challenge the dominance of traditional high street players last year with an impressive set of financial results for the year ending 31st December 2015, cementing its position as one of the fastest-growing international currency businesses in the UK.

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Worldpay invests in ID verification startup Veridu

For online merchants, uncertainty over whether to trust certain high risk transactions could soon be a thing of the past.