German savings marketplace Raisin acquires MHB Bank
Fintech buys bank. Yes, we worked that out thanks.
Mergers & Acquisitions/M&A
PFS acquires Barclaycard prepaid card portfolio
Plans to offer an “enhanced” service to payroll and corporate clients.
Coinbase’s Neutrino acquisition caught in oppressive state
It got some Hacking Team staff via the deal. That didn’t work out too well.
Nasdaq ups its offer on Oslo Stock Exchange to $795m
Five days from the closing deadline, Euronext is on the back foot.
Cognizant buys post-trade processor Meritsoft
Acquisition of Irish firm expands its Software-as-a-Service platforms.
WorldFirst acquires CurrencyVue to develop trade platform
The acquisition will help its foreign exchange capabilities.
Figo and Finreach join forces
Will offer a joint European Software-as-a-Service API platform for finance.
TAS Group acquires AI outfit Mantica
Gets its hands on AI and machine learning models for banking and fintech.
Astorg takes minority stake in UK insurtech Acturis
Existing investor Summit Partners will exit its position.
ACI to acquire Speedpay for $750m from Western Union
Deal will bring Speedpay and UP Bill Payment platforms together.
Experian calls off £275m ClearScore acquisition
UK’s Competition and Markets Authority expressed concerns.
Zurich North America acquires Sea Pine for auto insurance action
Deal for dealers as insurance firm gets access to vehicle protection products.
Alpha-Cash acquired by heidelpay for PoS action
Following the acquisition of PayLater and Universum.
ASX to sell $385m stake in tech provider Iress
“It no longer provides the strategic value to ASX that it once did.”
BlackBerry buys AI cybersecurity firm Cylance for $1.4bn
BlackBerry says it is “now a billion-dollar cybersecurity firm”.
Entrust Datacard acquires Thales’ data security business
Will get the general purpose hardware security module, nCipher Security.
NSF makes £1.3bn takeover bid for UK lender Provident Financial
Non-Standard Finance makes unsolicited offer to buy its struggling rival.
Sasfin takes equity stake in South African lendtech Payabill
Johannesburg-based firm looking for more SME action.
Top fintech stories this week – 22 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Temenos snaps up India’s hTrunk for greater big data
Vendor expects to see integrations into T24 Transact and Infinity.
Hong Kong Exchange buys into Shenzhen fintech
HKEX looking to boost its financial markets tech capabilities.
Falcon Private Bank flies away from UK nest
Bank departs and sells assets of London-based subsidiary to Dolfin Financial.
Data intel firm GBG acquires IDology for $300m
UK firm buys identity verification and fraud prevention specialist for American dream.
Coinbase acquires blockchain intelligence platform Neutrino
Crypto exchange seeks better analysis of data on public blockchains.
Factris has X factor for Lithuanian expansion
Its investment plans follow on from Debifo acquisition last month.
Video: fintech news weekly round-up – 18 February 2019
Features Monzo, Ant Financial, WorldFirst, Lloyds and more!
iSignthis muscles into Lithuania’s paytech space with BBS acquisition
iSignthis will pay €150,000 upfront for BBS (half in cash and half in issued shares) and then a further earn-out fee.
Ant Financial to buy WorldFirst for $700m
It was expected and gives Chinese firm a handy boost to its e-commerce plans.
Fintech investment in US hits record $52.5bn
KPMG’s “2018 Pulse of Fintech” report is good news for the States.
Thoma Bravo to acquire US lendtech Ellie Mae for $3.7bn
Private equity investment firm makes an all-cash transaction.
I.T. (insurance technology) had to be you
The sector should fall in love with tech that will bring it closer to customers, creating collaboration and trust.
Blockchain Exchange Alliance preps tech for payments push
With a heavy emphasis on partnerships and acquisitions.
Symantec acquires Luminate Security for cyber cloud defence
Getting prepared for infrastructure managed by Azure, AWS and Google.
ACI buys paytech assets from RevChip and TranSend
Acquisitions to enhance its in-store payment solutions.
SumUp acquires Polish e-commerce platform Shoplo
To sum up, the UK payments firm will expand its product suite.
Nasdaq to sell GRC business BWise to SAI Global
Bids farewell to its governance, risk and compliance software platform.
Solera buys Nordic insurtech in4mo Oy
Texas-based firm plays it cool when it comes to what it paid.
Morgan Stanley stocks up with $900m Solium acquisition
Wealthtech move marks its biggest deal since the financial crisis.
Nets pushes into Poland with Przelewy24 and DotPay/eCard acquisition
Nordic firm has acquired 51% stake in the consolidated payments group.
Euronext ups Oslo Stock Exchange offer to $790m
What a saga! The battle in Norway against Nasdaq continues.
