Mergers and acquisitions

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/Mergers and acquisitions

Finastra offloads collateral management biz to Teranet

Finastra today announced that it has entered a definitive agreement to sell its Canadian-based Collateral Management Corporation (CMS) business to Teranet.

/Mergers and acquisitions

PayPal shopping spree continues with $120m deal for fraud prevention firm Simility

PayPal has agreed its second acquisition of the week, paying $120 million in cash for machine learning-powered fraud detection outfit Simility.

/Mergers and acquisitions

SocGen buys renewable energy crowdfunding platform

Societe Generale has acquired Lumo, a French crowdfunding platform for renewable energy projects. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

Banco Sabadell unit buys POS consumer financing startup

Banco Sabadell's digital venture hub InnoCells has bought a Spanish startup that offers consumer financing at the physical and online point-of-sale. Financial terms were not disclosed.

/Mergers and acquisitions

Peoples Trust buys Lendful

Peoples Trust Company has added consumer lending to their product suite with the acquisition of Lendful Financial Inc., a local innovator whose technology complements the financial products offered for more than 30-years in Canada.

/Mergers and acquisitions

Capgemini acquires Adaptive Lab

Capgemini announced today the acquisition of Adaptive Lab, a digital design studio that helps businesses adjust to new technology and the accompanying shifts in customer behavior.

/Mergers and acquisitions

PayPal to acquire Hyperwallet for $400 million

PayPal has continued its shopping spree with a $400 million cash deal to acquire e-commerce payout platform Hyperwallet.

/Mergers and acquisitions

Competition watchdog probes Ion takeover of Fidessa

The UK's Competition and Markets Authority (CMA) has launched an investigation into Ion Investment Group's proposed £1.5 billion takeover of trading technology firm Fidessa.

/Mergers and acquisitions

Finastra acquires Malauzai

Finastra is deepening its commitment to the US community banking market with the acquisition of digital banking provider Malauzi.

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CYBG plays up tech advantages in £1.7 billion takeover deal for Virgin Money

Clydesdale and Yorkshire Bank have agreed a £1.7 billion deal to take over Virgin Money, with the aim of creating a brand with six million personal and business customers capable of taking on the UK's biggest lenders.

/Mergers and acquisitions

F-Secure acquires MWR InfoSecurity

F-Secure has on 18 June 2018 signed an agreement to acquire all the outstanding shares of MWR InfoSecurity, a privately held cyber security company operating globally from its main offices in the UK, the US, South Africa and Singapore.

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Truecaller buys Indian payment firm Chillr

Last year in March, Truecaller had announced its foray into the digital payments segment in India. Today the company announced a strategic investment into the payment space by acquiring Chillr, India’s first multi-bank payments app launched in 2014 to further boost growth.

/Mergers and acquisitions

Flexiti acquires TD Financing card portfolio

Flexiti, a leading provider of Point-Of-Sale (POS) financing and payment technology, today announced the acquisition of TD Financing Services’ (TDFS) Canadian private label credit card portfolio valued at approximately $250 million.

/Mergers and acquisitions

Broadridge acquires fund data firm MackayWilliams

Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader, has further expanded its global market intelligence business with the acquisition of MackayWilliams, a specialist European fund market and research firm.

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UniCredit acquires minority stake in PFM outfit Meniga

UniCredit has acquired a minority stake in personal financial management software house Meniga for EUR3.1 million.

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Cinnober sells 60% stake in Irisium to KRM22

Cinnober has sold a 60% stake in its market surveillance unit Irisium to KRM22, an investment vehicle created to undertake a roll up of software companies providing risk management tools to the capital markets industry.

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Paysafe buys iPayment

Paysafe Group, a leading global payments provider, announces today that it has completed the acquisition of iPayment Holdings, Inc. (iPayment) which was signed on April 12, 2018.

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Nets and Concardis to merge

Nordic payments processor Nets and German-based merchant service provider Concardis are to merge in the latest in a series of transactions in a rapidly consolidating market.

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PayPal acquires AI-based merchant marketing outfit Jetlore

As part of our continued commitment to provide merchants and consumers with more personalized commerce experiences, I am pleased to announce that PayPal has acquired Jetlore, an AI-powered prediction platform for some of the world’s top retailers.

/Mergers and acquisitions

Deutsche Bourse FX unit 360T acquires GTX ECN business

Deutsche Börse Group’s Foreign Exchange unit 360T is expanding its participation in the global FX market and presence in the US by acquiring the GTX ECN business from GAIN Capital Holdings Inc.