2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Ally Financial
Ally Financial to buy CardWorks for $2.65bn, shares fall 10%
The deal grows Ally’s user base to 11 million across 50 US states.
Temenos cuts jobs in US; eyes D+H payments business
Banking software vendor Temenos is understood to have laid off a number of staff across its operations in the US, including at the Trinovus and Akcelerant subsidiaries. It is also understood to be eyeing the payments business of DH Corporation, Global Transaction Banking Solution (GTBS, formerly Fundtech).
Tier 1 US bank live with Temenos core and payments software
Temenos says it has gone live with its flagship T24 core banking system at a “top 20 US bank”. Banking Technology understands this is Ally Financial. The bank is also now live with the vendor’s newly-built payments hub, Temenos Payments Suite (TPS). It is “the first tier 1 bank to do so in the US”, […]
