Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Citi in talks to sell IT assets - Economic Times

Citibank is currently in discussions with Indian IT firms Tata Consultancy Services (TCS) and Wipro, among others, to sell some of its internal IT platforms, according to local press reports.

23 June 2009

News/Findex

Nyse Euronext pays $200m for 20% stake in Qatar Exchange

Nyse Euronext is paying $200 million to take a 20% stake in the newly formed Qatar Exchange, in a deal that will also see the transatlantic bourse provide the new venture's technology platform.

22 June 2009

News/Findex

TD Waterhouse acquires Hoodless Brennan execution-only business

TD Waterhouse is to acquire the online share dealing business of independent stockbroker Hoodless Brennan following the company's decision to withdraw from the execution-only consumer marketplace.

19 June 2009

News/Findex

PwC acquires bankrupt BearingPoint assets

PricewaterhouseCoopers (PwC) has acquired the majority of BearingPoint's North American Commercial Services practice in a transaction approved by the New York bankruptcy courts.

16 June 2009

News/Findex

M-payments start-up Boku raises $13 million; acquires Paymo and Mobillcash

San Francisco-based online mobile payments start-up Boku has raised $13 million in venture funding and acquired micropayments outfit Paymo and m-payments firm Mobillcash.

16 June 2009

News/Findex

NCR to build new Brazilian ATM plant

US ATM supplier NCR is to invest R$73 million to build a new manufacturing plant in Brazil that will create 250 new jobs.

15 June 2009

News/Findex

Global Payments acquires remaining 49% stake in HSBC Merchant Services JV

US transaction processor Global Payments has acquired the remaining 49% interest in its merchant services joint venture in the United Kingdom from HSBC Bank for $307.7 million in cash.

12 June 2009

News/Findex

BBS agrees acquisition of Ingenico's Danish and Finnish units

Bank-owned Norwegian e-payments processor BBS has agreed a deal to acquire Sagem Denmark and Sagem Manison Finland from Ingenico for an undisclosed cash fee.

12 June 2009

News/Findex

Ballista gets funding

Ballista Holdings, operator of an ATS for block options and delta neutral orders, has received funding from a group of investors including the International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity.

09 June 2009

News/Findex

Online lender Wonga.com secures $22m financing round

Wonga.com, an online provider of short-term cash advances launched last year, has completed a new round of funding led by Accel Partners and Greylock Partners. The $22.25m round was also supported by existing investor Balderton Capital.

08 June 2009

News/Findex

Capita acquires Capmark's European financial services units

UK outsourcer The Capita Group has acquired the European loan, asset management and commercial mortgage backed securities (CMBS) administration services of US-based Capmark Financial Group for a cash consideration of approximately £10 million.

05 June 2009

News/Findex

Intuit to acquire PayCycle for $170 million

Intuit is to acquire US online payroll outfit PayCycle for $170 million in an all-cash transaction.

03 June 2009

News/Findex

NCR moves corporate headquarters from Ohio to Georgia

ATM vendor NCR says it will create around 2000 jobs in Georgia by moving its corporate headquarters to the state from Ohio and opening a new manufacturing plant.

02 June 2009