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Italian ACH, SIA takes controlling stake in European telco

Italian payments processor SIA has acquired a controlling interest in telecomms firm Emmecon as part of a strategic plan to build a European infrastructure simplifying the link between merchants and banks at the point-of-sale.

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Monitise revenues soar as profitability lags

UK mobile money outfit Monitise is reporting a near-doubling of revenue for the year to end-June 2013.

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Goldman Sachs sells majority stake in Redi fintech biz

Goldman Sachs has sold a majority stake in its Redi fintech unit to a consortium of major finance players. Financial terms of the deal were not disclosed.

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IFC invests $7 million in SafetyPay

World Bank development investment offshoot IFC has invested $7 million in SafetyPay, a US-based company that enables consumers to pay for goods and services over the Web direct from their own bank account.

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SumUp secures BBVA investment ahead of South America push

Mobile point-of sale-outfit SumUp has set its sights on the South American market after securing investment from banking giant BBVA.

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Deutsche Börse joins $20m funding round for cloud firm Zimory

Berlin-based cloud management software firm Zimory has raised $20 million in a funding round led by Deutsche Börse, with which it is working to build a trading venue for outsourced storage and computing capacity.

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Investment management outfit SigFig raises $15m

SigFig, a US start-up which helps users track and manage their investments, has raised $15 million in a funding round led by Union Square Ventures and Bain Capital Ventures.

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Intuit agrees $1bn sale of financial services business

Intuit has agreed to sell its IFS division - which provides online and mobile banking technology to financial services firms - to private equity firm Thoma Bravo for around $1.025 billion in cash.

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College start-up Clinkle raises $25m for payments app

Mobile payments start-up Clinkle has raised $25 million in a seed funding round joined by some of Silicon Valley's biggest names, including PayPal founder Peter Thiel and Intuit.

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Markit sounds out banks about IPO - Reuters

Financial information services group Markit has hired Goldman Sachs to orchestrate an initial public offering reports Reuters, citing "four people familiar with the process".

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Icap invests in portfolio reporting and data analytics firm EFM

Interdealer broker Icap has made a strategic investment in Enso Financial Management (EFM), an early-stage provider of portfolio reporting and data analytics services to hedge funds and asset managers.

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ERN raises $1.6m for big data loyalty platform

ERN, the UK-based start-up behind a platform that allows banks and merchants to aggregate and analyse data generated by card transactions, has raised $1.6 million in seed funding.

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Datawatch agrees Panopticon acquisition

Datawatch has agreed to buy Swedish real-time visual data discovery specialist Panopticon Software for around $31.4 million in stock.

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Markit acquires DTCC corporate actions validation service

Financial data outfit Markit has acquired the assets of Global Corporate Actions Validation Service from the Depository Trust & Clearing Corporation (DTCC). Financial terms of the deal were not disclosed.

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Progress to sell Apama to Software AG

Progress Software has agreed to sell its Apama complex event processing (CEP) platform to Swiss vendor Software AG. Financial terms of the deal were not disclosed.

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Misys appoints Syed as CEO, Mesler as chief operating officer.

Misys has elevated president and COO Nadeem Syed to the post of chief exective officer, taking over from incumbent Bret Bolin, who becomes executive chairman.

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Banco Santander invests EUR5 million in iZettle

Banco Santander has made a EUR5 million investment in mobile card reading vendor iZettle.

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Earthport secures $10m investment from IFC

World Bank Group member IFC has invested $10 million in cross-border payments service provider Earthport, which will use the money to boost its presence in the developing world.

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Clip raises $1.5m to become Mexico's Square

With $1.5 million in funding secured, Clip, a Square clone targeting the Spanish-speaking world, is preparing to launch in Mexico.

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Deutsche Bank buys Xchanging out of JV

London-based back office processing provider Xchanging has agreed to sell its 51% stake in Xchanging Transaction Bank (XTB) back to partner Deutsche Bank for EUR40.5 million in cash.