Findex

4073 articles tagged with this keyword

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Xoom rides remittance wave to IPO

Early investors in PayPal are set for another windfall following the IPO of Internet remittance company Xoom.

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ION Group agrees FFastFill acquisition

ION Group's acquisition spree shows no sign of ending, with the fintech firm's Pattington subsidiary agreeing to buy FFastFill in a cash deal which values the UK derivatives trading vendor at £106.1 million.

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Thomson Reuters to slash 2500 jobs

Thomson Reuters is to cut 2500 jobs from its underperforming financial and risk division by year end.

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Kabbage arrives in the UK

Kabbage, a US start-up that provides working capital advances to online merchants, has made its first foray outside of its homeland, launching in the UK.

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FIS to buy mFoundry

Fintech giant FIS has agreed to pay around $120 million in cash to buy the 78% stake in mobile money specialist mFoundry it does not already own.

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ACI agrees Online Resources acquisition

ACI Worldwide has agreed to buy online banking and bill payments specialist Online Resources in an all cash deal for $3.85 per share.

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CEO Swidarski out as Diebold warns on disappointing Q4 results

Shares in Diebold fell more than eight per cent in morning trading after the ATM manufacturer warned that it will post a fourth quarter operating loss and confirmed that CEO Tom Swidarski has left.

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ConvergEx to sell Eze Castle Software and RealTick to TPG

ConvergEx is selling Eze Castle Software and RealTick to private equity firm TPG Capital. Financial terms of the all-cash deal were not disclosed.

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ION buys Financial Software Systems

Fintech vendor ION Group has acquired Financial Software Systems, a US provider of treasury management, capital market and wealth management technology. Financial terms of the deal were not disclosed.

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Soaring mobile commerce and payments volumes boost eBay

EBay says fourth quarter results beat analysts' forecasts, boosted by a dramatic rise in the use of mobile phones to access its online auction house and PayPal service.

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Fiserv buys Open Solutions

Fiserv has acquired rival fintech vendor Open Solutions for $55 million in a deal that also sees it assume around $960 million of debt.

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Icap sells Traiana stake to banks

Icap has sold a 12% stake in Traiana to a group of seven bank customers in a deal valuing the foreign exchange post-trade processing platform at $300 million.

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Amex slashes 5400 jobs in face of 'digital revolution'

American Express has outlined plans to cut around 5400 jobs this year, mainly in its travel business, as it seeks to cut costs and restructure to deal with a "digital revolution".

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BitPay closes $510,000 funding round

Digital payments processor BitPay has closed a $510,000 funding round from a group of well-connected angel investors, including Shakil Khan, Barry Silbert, and Roger Ver.

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SunGard buys XSP

Fintech giant SunGard has acquired corporate actions automation specialist XcitekSolutionsPlus (XSP). Financial terms of the deal were not disclosed.

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GT Nexus and TradeCard agree merger

GT Nexus and TradeCard have agreed a merger deal, creating the world's biggest cloud-based business network for trade and supply chain management. Financial terms were not disclosed.

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NCR buys uGenius as top US banks prepare to pilot video ATMs

NCR has signalled its commitment to video ATM technology with the acquisition of specialist uGenius. Financial terms of the deal were not disclosed.

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Transactional analytics start-up ERN secures $2 million funding

ERN, a UK-based start-up looking to tap growing demand for data analytics and loyalty provisioning on consumer cards, has secured funding of $2 million from private investors.

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ICE to acquire Nyse Euronext for $8.2bn; LSE/LCH.Clearnet talks rumble on

IntercontinentalExchange (ICE) has agreed an $8.2 billion deal to acquire Nyse Euronext in a stock-and-cash transaction.

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Nasdaq OMX buys 25% stake in Dutch MTF TOM

Nasdaq OMX has acquired a 25% stake in Dutch MTF The Order Machine (TOM) as it bids to build up its European equity derivatives business.