Findex

4073 articles tagged with this keyword

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Rothschild buys Zopa stake

Jacob Rothschild's investment trust, RIT Capital Partners, has acquired a stake in peer-to-peer lender Zopa. Financial details of the deal have not been revealed.

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Icap makes investment in Model Two Zero

Icap has made a Series A investment in London-based reconciliation vendor Model Two Zero.

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Monitise confirms placing, acquisitions and delay to break even

UK mobile banking outfit Monitise has kicked off a £100 million share placement as the company provides news of two acquisitions and warns of further delays in its quest to hit break-even.

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Wonga in talks to buy US small biz lender - Bloomberg

British payday lender Wonga is in talks to buy On Deck Capital, a US provider of loans to small businesses, for up to $250 million, according to Bloomberg.

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Monitise in talks to raise £100m

UK mobile money outfit Monitise says it is talking to institutional and strategic investors about raising up to £100 million.

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Getco makes Knight Capital bid

High Frequency trading firm Getco has made a $3.50 a share offer for Knight Capital Group, which it helped rescue from bankruptcy over the summer.

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Orc offloads Neonet to management and Hay Tor Capital

The management of Swedish agency broker and systems supplier Neonet has teamed up with Hay Tor Capital and Kas Bank to buy the business from Nordic Capital.

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St George signposts mobile-only future for smartphone users; more jobs to go at Westpac

St George Bank of Australia claims to have 60,000 mobile banking customers who use only their smartphone to do all their banking.

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Thomson Reuters feels the pain as bank cutbacks bite

Thomson Reuters is feeling the full force of the depression in financial markets trading, reporting a 15% fall in operating profit for the third quarter.

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Diebold scraps plans for new HQ as Q3 profits tumble

Reporting plummeting quarterly profits, US ATM manufacturer Diebold has pulled the plug on plans to build a new headquarters in Ohio, deciding the $100 million outlay is "not economically feasible".

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Diebold buys Turkey's Altus

American technology vendor Diebold has acquired Turkish ATM services specialist Altus. Financial terms of the deal were not disclosed.

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Fidessa warns of flat full year revenue

Trading technology vendor Fidessa has warned that its full year revenues will be flat as its customers are "constrained" by a challenging market.

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Sberbank sets up $100 million fintech start-up fund

Sberbank of Russia is to set up a $100 million venture fund, rising to a possible $700 million over three years, to invest in promising fintech start-up companies.

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Braintree closes $35m funding round

Braintree, the Chicago start-up behind a platform that enables online and mobile businesses to accept card payments, has raised $35 million in a series b funding round.

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Barclays takes over ING Direct UK

Barclays is set to take over the UK online banking operations of ING in a deal that will leave the Dutch outfit with a EUR320 million post-tax loss.

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First Derivatives goes on acquisition spree

Irish capital markets tech house First Derivatives has acquired three London-based businesses for a total consideration of up to £3.15 million as it looks to expand its managed services business.

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Temenos agrees edge IPK acquisition

Core banking vendor Temenos has signed a definitive agreement to buy edge IPK, a provider of user experience platform (UXP) software to the financial services industry. Financial terms of the deal were not disclosed.

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Square closes $200m funding round

Mobile payments outfit Square has closed a series d funding round, thought to be worth around $200 million, joined by Citi Ventures, Rizvi Traverse Management, and Starbucks.

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RBS confirms Direct Line IPO

The Royal Bank of Scotland has confirmed plans to offload its Direct Line insurance business in an initial public offering that analysts suggest could be worth £3 billion.

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SIA buys out Sinsys JV partner Atos Worldline

Italy's SIA has struck a deal to buy Atos Worldline's 49% stake in Sinsys, giving it full ownership of the Belgian card payments processing company. Financial terms were not disclosed.