4073 articles tagged with this keyword
News/Findex
First Data chairman and CEO Michael Capellas is stepping down to take up a role at Kohlberg Kravis Roberts (KKR). Meanwhile, the e-payments processor has narrowed its fourth quarter net losses on higher revenues and lower charges.
11 March 2010
Shares in Tullett Prebon have jumped 17% after the UK interdealer broker confirmed that it was in talks with a potential acquirer.
10 March 2010
The London Stock Exchange (LSE) has sold nine per cent of its 60% stake in the merged Turquoise and Baikal businesses to Barclays, JP Morgan Cazenove and Nomura, with each bank paying £1 million for a three per cent stake.
08 March 2010
Core banking vendor Misys is planning to license its next-generation BankFusion platform to third party developers in an effort to promote the product as an industry tool.
05 March 2010
Interdealer broker Tullett Prebon is to expand its market data business into valuations services with the acquisition of Vancouver-based OTC Valuations for an initial consideration of $0.6 million.
China Mobile has entered into talks to buy a stake in Shanghai Pudong Development (SPD) Bank as the state-owned giant looks to diversify its business and tap the lucrative m-payments market.
04 March 2010
Tsys is to spend $150.5 million to acquire a controlling interest in First National Merchant Solutions, which it will run in a joint venture partnership with First National Bank of Omaha.
01 March 2010
Investment analysis and index firm MSCI has agreed a deal to acquire the rival RiskMetrics Group in a cash and stock deal worth $1.55 billion.
MoneyGram International has acquired Belgian-based Blue Dolphin Financial Services as part of a plan to create its own European network and take advantage of the Payments Services Directive (PSD). Financial terms of the deal were not disclosed.
26 February 2010
India's Punjab and Sind Bank (PSB) has handed a $21 million ten-year IT integration project to Wipro after dissolving an earlier contract with Satyam Computer Services.
25 February 2010
Thomson Reuters fourth quarter profits fell 68%, to $182 million, on the back of weak sales, particularly at the firm's recession-hit markets unit.
24 February 2010
Currensee, a social media platform for foreign exchange traders, has secured $8 million in Series B funding, which it will use to finance expansion into international markets in the UK, Europe and Asia.
23 February 2010
UK-based fintech vendor Intelligent Environments is set to take on Monitise after raising £0.75 million through a share placing to fund development of a new mobile banking platform.
18 February 2010
Having been hit hard by the financial crisis, Swiss core banking vendor Temenos has shown tentative signs of recovery, posting rises in fourth quarter and full year operating profit despite slight falls in revenue.
US online payment and security outfit CyberSource has committed to spend around £2.8 million in research and development at its centre in Belfast.
17 February 2010
Nasdaq OMX has upped its stake in Agora-X, an ECN for trading over-the-counter (OTC) commodity contracts, from 20% to 85% through a $6.6 million investment.
German exchange operator Deutsche Börse has outlined plans to save EUR50 million through an unspecified number of job cuts and outsourcing initiatives after reporting a EUR33 million net loss for the fourth quarter.
Financial data outfit Markit has acquired the technology assets of Storm Networks, a syndicated loan market specialist. Financial terms of the deal were not disclosed.
16 February 2010
US banking giant Citi has cut $1.42 billion from its operations and technology budget at the mid-way stage of a three-year campaign to eliminate $3 billion in tech spending.
15 February 2010
Trading technology vendor Fidessa has posted better-than-expected full year results, but forecasts slower growth for 2010 as global securities markets continue to feel the pressure of consolidation and business closures.
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