BB&T and SunTrust $66bn merger leads to mega tech revamp
New deal is designed to keep their banking competitive.
Mergers & Acquisitions/M&A
Visa fights back against Mastercard with £247m Earthport offer
Payments firm Earthport is being fought over by two well-heeled lovers.
Barclays has nod and Bink for loyalty programmes
Barclays leads an investment round of £10 million into the start-up.
Facebook buys blockchain firm Chainspace
It may be looking to move towards the payment space.
Software platform Kofax to acquire Top Image Systems
Final closing of the transaction is subject to a vote by TIS shareholders.
Kraken acquires UK trading platform Crypto Facilities
No specifics but it is a “nine-figure deal”.
JP Morgan takes minority stake in Smart Pension
UK-based pensions provider has now raised a total of £50 million in funding.
Euronext takes on Nasdaq with $737m Oslo Stock Exchange offer
Makes lower bid but says it has support from majority of Oslo Bors shareholders.
Broadridge partially acquires PivotData and Sol Hedge regtech
Fintech provider is expanding its regulatory capabilities.
WorldFirst closes US operations to save Ant Financial deal
UK currency exchange doesn’t want the acquisition derailed by regulators.
Banking Technology February 2019 issue out now
Superstructures: fintech reaches new heights.
Nasdaq outbids Euronext with $770m offer for Oslo Stock Exchange
Euronext had made a bid of $713 million.
First Data joins AIB in €100m bid for Payzone
Duo targeting Dublin-based payments firm.
Mastercard trumps Visa with £233m offer for Earthport
Visa had made a £198 million offer earlier.
Cognizant acquires Finnish IT firm Samlink
Will also build and operate a shared core banking platform for three companies.
Advent International takes majority stake in Prisma Medios de Pago
The Argentinian payments giant covers a big market in the region.
Natixis reaps the wild Wynd for payments
Along with their partnership, Natixis is taking a stake in the French company.
AnaCap-backed paytech Heidelpay acquires Universum Group
Its fifth bolt-on acquisition since AnaCap’s initial investment in 2017.
French asset manager Amundi fully acquires Anatec
Buying the 51% stake it didn’t own.
Objectway nabs asset management software firm Algorfin
As it aims to establish its dominance in Italy.
Coinbase acquires API data enabler Blockspring
San Francisco-based start-up will still operate independently.
FNZ takes minority stake in Embark
FNZ and Embark also extend their tech partnership until 2028.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
ID Finance sells Russian POS finance business to Paylate
Spanish firm lets it go as wants to focus on Latin America.
Fiserv to acquire First Data for $22bn
Job cuts on the way as a fintech titan is born.
BBVA name dropped in Atom Bank takeover talks
UK challenger in talks to appoint advisers to its board on options for the business.
Video: fintech news weekly round-up – 14 January 2019
Featuring N26, RBS and Loot, Google in Ireland, and Alipay in Pakistan.
Factris acquires Lithuanian lendtech Debifo
As it makes its way through Europe.
Orowealth acquires wealthtech app Wealthtrust
Indian direct mutual fund seeks expansion.
Elavon acquires CenPOS for payments push
It’s Miami nice as US Bancorp subsidiary makes another acquisition.
Meniga wraps around consumer rewards with Wrapp acquisition
Merging both Stockholm offices.
Accenture ups wealth game with Orbium acquisition
Orbium is Avaloq’s partner and system integrator.
Plaid buys fintech rival Quovo for $200m
Bank account connectivity firm finds something similar in the US.
Linedata acquires French start-up Loansquare
Gets its hands on a platform that connects banks and borrowers.
Paytech firms Nets and Concardis finalise merger
Both payments companies to retain their brands.
Capis acquires FinTech Securities
Texan firm also reveals new promotions and products.
Oslo Stock Exchange seeks rival bids to Euronext’s $713m offer
It’s quite simple – Oslo Bors wants more for an acquisition.
Ant Financial looking to buy UK’s FX firm WorldFirst
Could take place in the next few weeks for over £550m.
Visa to acquire Earthport for £198m
Struggling payments firm finds the deal “very attractive”.
Top ten regtech stories in 2018
Regtech rules this page with our top ten stories in 2018.
