Mergers and acquisitions

3392 articles tagged with this keyword

/cloud

BlackLine buys Rimilia to add AI-powered accounts receivable automation to platform

Accounting automation software provider BlackLine has acquired AI-powered accounts receivable outfit Rimilia for $150 million in cash.

/payments

Real-time payments - seize the momentum at EBAday 2020

Mastercard and ACI Worldwide announced they were partnering to provide a range of global real-time payments solution, aiming to offer “best in class central infrastructure” to banks and other financial solutions.

/regulation

Morgan Stanley granted regulatory approval for acquisition of E*Trade

Morgan Stanley (NYSE: MS) announced today that it has received regulatory approval from the Federal Reserve to acquire E*TRADE Financial Corporation (“E*TRADE”).

/Mergers and acquisitions

Castles Technology acquires Spire Payments

Castles Technology, one of the top global payment solutions providers which offers services to more than 50 countries around the globe, today announced completion of the acquisition of the business and assets of Spire Payments, the leading European based EFTPOS terminal solutions provider.

/markets

Clearstream completes acquisition of majority stake in Fondcenter

Deutsche Börse’s post-trade services provider Clearstream completed the acquisition of a majority stake in UBS’s fund distribution platform Fondcenter AG from UBS on 30 September.

/Mergers and acquisitions

ABN Amro sells Moneyou tech platform to TM-Pro

ABN AMRO announces the sale of Moneyou’s technology platform ‘Moneyou Go’ to TM-Pro.

/regulation

Jumio buys Beam AML platform

AI-powered identity verification and KYC outfit Jumio has acquired the AML platform of Beam Solutions. Financial terms of the deal were not disclosed.

/payments

Portugal's Sibs buys Wirecard Romania business

Portuguese payments processor Sibs is the latest firm to pick up a piece of the Wirecard empire, acquiring its operations in Romania.

/payments

MineralTree raises $50m; acquires Inspyrus and Regal Software

Accounts payable firm MineralTree has raised $50 million and acquired two companies in the AP automation and B2B payables space, Inspyrus and Regal Software, to expand its position in the mid-market segment.

/markets

TMX Group to buy AST Investor Services Company (Canada)

TMX Group Limited (TMX Group) today announced it has entered into an agreement to acquire AST Investor Services Inc. (Canada), and its subsidiary AST Trust Company (Canada), a leading provider of transfer agency, corporate trust and related services to Canadian public and private companies from a subsidiary of Armor Holdco, Inc. (Armor), a portfolio company of Pacific Equity Partners (PEP), for $165 million in total consideration, which includes $30 million of cash for regulatory and non-regulatory purposes, subject to customary closing conditions and working capital adjustments.

/regulation

Why Railsbank wants to make lemonade from the Wirecard fiasco

Could the purchase of Wirecard Card Solutions (WCS) by Railsbank be the perfect opportunity to drive regulatory change? Railsbank founder and CEO Nigel Verdon thinks so, but stability must come first.

/markets

Deutsche Börse to sell reporting biz to MarketAxess

Fixed income trading platform MarketAxess has struck a deal to buy Deutsche Börse's regulatory reporting business. Financial terms were not disclosed.

/retail

Russia's Yandex agrees $5.5bn Tinkoff acquisition

Russian technology giant Yandex is poised to buy digital bank Tinkoff for around $5.5 billion.

/payments

PNC fintech incubator buys Sentral

PNC’s fintech incubator, numo, has acquired Sentral, a Pittsburgh-based debit gateway technology and business that helps large publishers track debit network transactions in the card-linked offer (CLO) space.

/retail

Italy's illimity buys 50% stake in Banca Sella's open banking unit

Italian digital bank illimity has reached an agreement to buy a 50% stake in Hype, the open banking outfit owned by Banca Sella.

/payments

Paya to buy The Payment Group

Paya, a leading provider of integrated payment and commerce solutions, has announced that it has signed a definitive agreement to acquire The Payment Group (“TPG”).

/retail

Tink selects OpenWrks aggregation platform

Swedish open banking outfit Tink has purchased the aggregation platform of UK firm OpenWrks in a bid to further expand its European presence.

/markets

Euronext and CDPE in exclusive talks to buy Borsa Italiana from LSE

Euronext and CDP Equity (“CDPE”, 100% owned by Cassa Depositi e Prestiti) confirm they have entered into exclusive talks with London Stock Exchange Group plc (“LSEG”) to acquire Borsa Italiana group, together with Intesa Sanpaolo. There can be no certainty that this will lead to a transaction.

/wholesale

Deutsche Börse acquires Quantitative Brokers

Deutsche Börse is acquiring a majority interest in Quantitative Brokers, an independent provider of advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets.

/wholesale

The fintech barbarians are no longer at the gate - they’ve been invited inside

The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.