Mergers and acquisitions

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/Mergers and acquisitions

Deutsche Bank confirms sale of PostBank IT unit to TCS

Deutsche Bank and Tata Consultancy Services (TCS) today announced an agreement concerning the sale of Postbank Systems AG to TCS.

/payments

Shift4 Payments acquires 3dcart

Shift4 Payments (NYSE: FOUR), a leading provider of payment processing and technology solutions, has announced the acquisition of 3dcart, a powerful ecommerce platform serving over 14,000 businesses, to deliver a unified commerce solution to the company’s customers.

/payments

Lightspeed to acquire ShopKeep

Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced it has entered into a definitive agreement to acquire ShopKeep Inc. (ShopKeep), a leading cloud commerce platform provider based in New York City.

DoJ sues to block Visa's Plaid acquisition

/payments

DoJ sues to block Visa's Plaid acquisition

The US Justice Department has sued to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid, citing competition concerns. Visa says the effort is "legally flawed and contradicted by the facts".

/regulation

Rimes acquires EBR Analytics

RIMES Technologies Corporation (RIMES) announces the acquisition of EBR Analytics (EBR), a Benchmarks Regulation (BMR) focused RegTech company based in London, UK, confirming RIMES’ commitment to invest in serving the needs of financial sector firms as they look to solve business-critical regulatory challenges through advanced, data-centric managed services.

/payments

PayPoint acquires Handepay and Merchant Rentals

PayPoint is pleased to announce that it has signed an agreement to acquire Handepay Limited (“Handepay”) and Merchant Rentals Limited (“Merchant Rentals”), leading card payments and card terminal leasing businesses, from a consortium of private investors.

/Mergers and acquisitions

Tink completes acquisition of Eurobits

Tink completes its acquisition of the Spanish account aggregation provider Eurobits Technologies (Eurobits).

Nordic Capital acquires RegTech from BearingPoint

/regulation

Nordic Capital acquires RegTech from BearingPoint

Nordic Capital is to acquire BearingPoint's RegTech business, a regulatory reporting platform used by more than 6000 firms including banks, insurance companies and supervisory authorities.

/payments

Nuvei completes acquisition of Smart2Pay

Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has completed the previously announced acquisition of Smart2Pay Global Services B.V. (“Smart2Pay”).

/crime

Refinitiv to add fraud prevention capability with acquisition of GIACT

Refinitiv has signed a definitive agreement to acquire Giact Systems, LLC (“GIACT”) boosting Refinitiv’s existing risk and compliance capabilities with the addition of an industry leader in digital identity, payments verification and fraud prevention.

Nexi and Nets enter exclusive negotiations on blockbuster merger

/payments

Nexi and Nets enter exclusive negotiations on blockbuster merger

Italian payment processor Nexi is in exclusive talks on a merger with Nordic counterpart Next, creating an at-scale pan-European powerhouse.

/wealth

Scottish fintech Nucleus acquires OpenWealth for £1.5 million

Nucleus Financial Group has entered into a binding agreement to acquire the UK business and assets of Genpact Wealth Management UK Limited (which operates under the trading name OpenWealth) as they pertain to Nucleus for a total cash consideration of £1.5 million.

Mode acquires total control of JGOO

/payments

Mode acquires total control of JGOO

UK fintech Mode has bought out the 45% minority interest in operating subsidiary JGOO from Pure NZ Gateway Ltd, giving it full control of its associated partnerships with Tencent and Alipay.

/payments

NerdWallet acquires Fundera

NerdWallet, a website and app that provides financial guidance to more than 160 million consumers every year, has acquired Fundera, the go-to financial resource for the 28 million small and medium-sized businesses (SMBs) operating in the United States.

Société Générale CIO: how BaaS is future-proofing banking business models

/devops

Société Générale CIO: how BaaS is future-proofing banking business models

Claire Calmejane, chief innovation officer of Société Générale, tells Finextra Research that Banking-as-a-Service platforms are playing for both sides of the field with both greenfield and incumbent banks future-proofing their businesses against the evolving face of financial services.

/cloud

Wipro to acquire Finastra partner Encore Theme

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services.

AnaCap to acquire payment processing arm of Carrefour Group

/payments

AnaCap to acquire payment processing arm of Carrefour Group

Private equity fund AnaCap has entered into exclusive negotiations for the purchase of a majority stake in Market Pay, the omnichannel payments arm of french supermarket chain Carrefour, in a deal valued at close to €300 million.

Alliance Data to buy BNPL player Bread

/payments

Alliance Data to buy BNPL player Bread

Marketing, loyalty and payments specialist Alliance Data has agreed a $450 million stock and cash acquisition of buy now, pay later firm Bread.

/Mergers and acquisitions

Carlyle Group to acquire majority stake in Calastone

Calastone, the largest global funds network, is pleased to announce that global investment firm The Carlyle Group (NASDAQ: CG) has today reached an agreement to acquire a majority stake in the business from its current shareholders, including Octopus Ventures and Accel.

Medici takes controlling stake in Caribbean blockchain outfit Bitt

/crypto

Medici takes controlling stake in Caribbean blockchain outfit Bitt

Medici Ventures, the blockchain investment arm of American Internet retailer Overstock, has paid $8 million for a controlling interest in Barbados-based Bitt.

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