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

MasterCard buys loyalty rewards specialist Truaxis

MasterCard has acquired Truaxis, a US firm that provides credit and debit card-linked offers to consumers through merchants and banks. Financial terms of the deal were not disclosed.

07 September 2012

News/Mergers and acquisitions

Bottomline to acquire Albany Software

Bottomline Technologies of the US is to acquire UK Bacs processing firm Albany Software.

04 September 2012

News/Mergers and acquisitions

Scotiabank agrees C$3.1bn ING Direct Canada acquisition

Dutch bank ING has struck a C$3.1 billion deal to sell its online Canadian unit to Scotiabank, raising cash to pay back money lent by the Dutch government at the height of the financial crisis.

30 August 2012

News/Mergers and acquisitions

LCH.Clearnet acquires sole ownership of International Derivatives Clearing Group

LCH.Clearnet has reinforced its commitment to the US marketplace by acquiring sole ownership of International Derivatives Clearing Group (IDCG) from Nasdaq OMX and other minority investors.

15 August 2012

News/Mergers and acquisitions

Nets agrees takeover of Finland's Luottokunta

Nets, the payments company owned by Danish and Norwegian banks, has agreed to acquire Luottokunta, the leading card payment service provider in Finland.

14 August 2012

News/Mergers and acquisitions

Thomson Reuters extends FXall tender offer; agrees to settle class action suit

Thomson Reuters has filed an application to settle a class action lawsuit over its proposed acquisition of multi-bank foreign exchange portal FXall and extended its $616 million tender offer by three days.

14 August 2012

News/Mergers and acquisitions

ING ponders sale of UK and Canadian online banks

ING is weighing up the sale of its online banks in the UK and Canada as it looks to raise cash to pay back money lent by the Dutch government at the height of the financial crisis.

03 August 2012

News/Mergers and acquisitions

Thomson Reuters Q2 hit by struggling finance sector

Thomson Reuters says its financial and risk business continued to suffer in the second quarter thanks to "growing headwinds" in the FS sector.

01 August 2012

News/Mergers and acquisitions

TS-Associates buys Correlix

TS-Associates has acquired the assets of latency management service provider Correlix. Financial terms of the deal were not disclosed.

30 July 2012

News/Mergers and acquisitions

SGX denies LSE merger speculation

The Singapore Stock Exchange has denied rumours that it is engaged in merger talks with the London Stock Exchange.

20 July 2012

News/Mergers and acquisitions

PayPal acquires card scanning startup card.io

PayPal has acquired card.io, the San Francisco-based startup that provides technology for developers to capture credit card information by using the camera on a smartphone.

18 July 2012

News/Mergers and acquisitions

Wolters Kluwer acquires FinArch

US tech firm Wolters Kluwer is extending its interest in the financial risk and reporting arena with the acquisition of Belgium's FinArch.

16 July 2012

News/Mergers and acquisitions

Temenos CEO Dubois out as license revenues plummet

Shares in Temenos plunged 20% in morning trading on news that the Swiss core banking vendor's CEO is quitting after just a year into the job for "personal reasons" while second quarter license revenue is down more than a third.

12 July 2012

News/Mergers and acquisitions

TMX reputedly in talks with Direct Edge as Maple deal clears regulatory hurdles

With national regulators giving the final nod of approval to the $3.8 billion acquisition of Canada's TMX by the Maple consortium, the soon-to-be-merged group is already looking further afield, with a mooted take-over of US electronic exchange Direct Edge under review.

12 July 2012

News/Mergers and acquisitions

Thomson Reuters to buy FXall

Thomson Reuters has agreed to acquire multi-bank electronic foreign exchange platform FX Alliance (FXall) for around $625 million in cash.

09 July 2012

News/Mergers and acquisitions

Data management consolidation trend continues as AIM Software acquires ABI Informatic

Swiss reference data outfit AIM Software has acquired neighbouring rival ABI Informatic, continuing the trend for consolidation in the financial data management industry.

04 July 2012

News/Mergers and acquisitions

Fino buys Nokia's Indian mobile money business

Fino, a Mumbai-based financial services provider, has acquired the Indian mobile money service Finnish handset maker Nokia shut down earlier this year.

28 June 2012

News/Mergers and acquisitions

Hong Kong Exchange wins LME bid battle

Hong Kong Exchanges & Clearing (HKEx) has won the race to acquire the London Metal Exchange (LME), beating out rival shortlisted contender IntercontinentalExchange (ICE) with a £1.39 billion offer.

15 June 2012

News/Mergers and acquisitions

Plus IT team agree buy-out of trading technology arm; shareholder row intensifies

Plus Markets is to sell its technology platform to Forum Trading, a new company whose founder shareholders consist of Hirander Misra, the former co-founder and COO of Chi-X Europe, Tony Harrop, the chief technology officer of Plus Markets Group, Richard Atkins, formerly head of trading system management & development at the London Stock Exchange and all eight employees of the Plus-TS technology team.

15 June 2012

News/Mergers and acquisitions

Icap lifts Plus purchase price to £500,000 in an effort to win over shareholders

Icap has moved to appease dissident shareholders looking to derail its acquisition of Plus Stock Exchange by raising the purchase price to £500,000 from £1.

14 June 2012