Mergers and acquisitions

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/Mergers and acquisitions

First Data acquires CardConnect

First Data is to acquire payment processor CardConnect for $750 million in cash.

/Mergers and acquisitions

FIS flogs majority stake in Capco

FIS is to sell a 60% stake in its global consultancy unit Capco to private equity firm Clayton, Dubilier & Rice (CD&R) for $477 million, retaining a minority 40% interest in the business.

/Mergers and acquisitions

Euronext moves into $5.1 trillion daily FX market with acquisition of FastMatch

Euronext is to acquire a 90% stake in spot FX trading network FastMatch for an initial cash consideration of $153 million.

/Mergers and acquisitions

KPMG acquires fintech matchmaking firm Matchi

KPMG is looking to cash in on the growing trend for bank/startup collaboration with the acquisition of fintech matchmaking platform Matchi.

/Mergers and acquisitions

Cinnober acquires defunct market surveillance firm Ancoa

Stockholm-headquartered Cinnober has acquires UK-based market surveillance outfit Ancoa, which filed for bankruptcy in 2016 after failing to generate fresh funding.

/Mergers and acquisitions

CMA preps investigation into Cardtronics' deal to buy rival

ATM provider Cardtronics faces an in-depth UK Competition and Markets Authority (CMA) investigation into its multi-million pound acquisition of Canadian rival DirectCash Payments.

/Mergers and acquisitions

BBVA steps up fintech acquisition strategy with purchase of Openpay

BBVA's ongoing strategy to buy out promising fintech startups has moved ahead with the acquisition of Mexican B2B payments platform Openpay.

/Mergers and acquisitions

Alibaba's Ant Financial merges with helloPay Group

HelloPay Group, the online payments platform used on South East Asian e-commerce platform Lazada, is to merge with Alibaba's Ant Financial and be rebranded into AliPay.

/Mergers and acquisitions

Ant Financial raises MoneyGram offer to $1.2bn

Ant Financial has increased its bid to buy MoneyGram by 36%, to around $1.2 billion, in an effort to fight off competition from Euronet.

/Mergers and acquisitions

Apac banks suspicious about fintech consortiums

A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs.

/Mergers and acquisitions

Mastercard gets CMA approval for Vocalink acquisition

The UK's Competition and Markets Authority (CMA) has cleared Mastercard's £700 million acquisition of Vocalink after the card giant promised to take steps to address the watchdog's concerns.

/Mergers and acquisitions

StatPro buys UBS Delta

UBS is selling its buyside risk and perfomance analytics toolbox UBS Delta and management and developer team to StatPro for £11 million.

/Mergers and acquisitions

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel.

/Mergers and acquisitions

LSE and Deutsche Börse merger officially blocked by European Commission

The European Commission has officially blocked the proposed mega-merger between the London Stock Exchange and Deutsche Börse, citing competition concerns.

/Mergers and acquisitions

Skandiabanken makes robo-advisory push with stake in Quantfolio

Norwegian digital bank Skandiabanken has acquired a 39.9% stake in local AI and machine learning outfit Quantfolio as part of a push into the provision of robo advisory services for customers of its private savings division.

/Mergers and acquisitions

Warburg Pincus takes 35% stake in Avaloq

Private equity group Warburg Pincus has acquired a 35% stake in Avaloq, valuing the Swiss core banking firm at CHF1 billion.

/Mergers and acquisitions

Dutch robo-advisor Pritle acquired by BinckBank

Dutch online discount broker BinckBank has acquired robo-advisory startup Pritle for EUR12.5 million.

/Mergers and acquisitions

UK competition watchdog tells Diebold Nixdorf to sell off some business

The UK's Competition and Markets Authority (CMA) has ordered Diebold Nixdorf to sell one of its customer-operated ATM businesses.

/Mergers and acquisitions

First Data boosts e-commerce biz through Acculynk acquisition

US fintech giant First Data is strengthening its e-commerce hand through the acquisition of Atlanta-based Acculynk. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

Euronet sparks MoneyGram bidding war with Ant Financial

Euronet Worlwide is testing the financial firepower and resolve of Alibaba's Ant Financial unit by outbidding the Chinese behemoth's $13.25 per share offer for US money transfer business MoneyGram International.