Konsentus acquires Open Banking Europe initiative from EBA Clearing subsidiary
Open Banking Europe (OBE) will remain a separate operating entity.
Mergers & Acquisitions/M&A
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
Starling renews search for non-bank European lender
Starling is seeing the benefits of fully utilising its UK banking licence.
DXC sells Fixnetix trading system to Options Technology
Options looks to expand its product suite.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
PAYMYNT Financial buys crypto e-wallet LettucePay
LettucePay operates on top of Stellar Network, an open source blockchain platform.
Orange Bank acquires challenger Anytime to expand SME focus
Anytime to fall under the Orange brand as it looks to scale up for businesses.
Nets acquires Checkout Finland through Paytrail subsidiary
Nets happy to continue a wave of consolidation across European payments.
AvidXchange acquires TimberScan provider Core Associates
Firm now claims to be largest account payable firm in the construction sector.
UK challenger Cashplus buys icount’s current account portfolio
“I remember acquiring our first cardholder,” says icount founder.
Unihomes snaps up Sheffield-based fintech Split the Bills
Unihomes, also based in Sheffield, bundles up university accomodations with bills.
What the Fintech? Season one | Fintech Jail
Here’s a list of all the buzzwords in our What the Fintech podcast game, “Fintech Jail”.
2020 review: Top 10 fintech and bank M&A deals
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
IBM buys Canadian fintech Expertus to bolster payments offerings
The acquisition strengthens its portfolio as an end-to-end digital payments solution provider.
Paytech firm Ondot acquired by US banking tech giant Fiserv
Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.
Worldline buys controlling stake in ANZ’s acquiring business
Worldline says Australia is an ideal stomping ground for international expansion.
AnaCap announces acquisition of Novia Financial
The deal is AnaCap’s third foray into the UK investment space since 2019.
The Fintech Review: 2020
We cover embedded finance, competition, open banking, and CBDCs.
New York-based Synechron buys Australian payments firm Attra
Attra and Synechron will have a combined workforce of 10,000 employees and annual revenue of $650m.
Wolters Kluwer snaps up cloud-based lender eOrignal for €231m
eOriginal claims “double-digit” revenue growth over the last three years.
Paysafe to list via Bill Foley-backed Spac at $9bn valuation
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
JPMorgan snaps up tax automation fintech 55ip
“Advisors are increasingly seeking intelligent, automated tools,” says bank.
UniCredit CEO to step down in 2021
Jean Pierre Mustier calls it quits after butting heads with board.
Web Summit 2020: A fintech summary
Stripe is looking at products around digital identity.
What the Fintech? Episode 17 | The spirit is willing, but the markets are weak
This episode of WTF? podcast features Vinoth Jayakumar, partner at VC firm Draper Esprit.
S&P Global could buy IHS Markit for $44bn
S&P Global’s shares have risen 25% in New York this year alone.
JP Morgan and Lloyds considering acquisition of UK challenger Starling Bank
Pair of major banks interested in Starling Bank’s potential following profit announcement.
London payments firm SumUp buys digital PoS fintech Goodtill
SumUp and Goodtill have worked together “for many years as partners”.
Spanish mega-merger off the cards as BBVA and Sabadell call it quits
The two banks couldn’t agree price over a major combination.
Credit Karma secures $7.1bn Intuit acquisition, sells tax ops to Square
Square enjoyed a 4% jump in stock market value following the announcement.
South African BaaS provider Ukheshe to acquire local fintech Oltio
Oltio is a smaller South African firm which hosts QR code payments for Mastercard.
FNZ acquires investment solution vendor Silica from Ninety One
Silica claims to service more than 1.3 million investor accounts.
Santander to pay €100m for Wirecard’s core European business
The deal means the bank can expand its payment solution across Europe, says Santander’s CEO.
Nexi’s acquisition of Nets creates Europe’s largest payments firm by volume
Nexi is “uniquely positioned to catch further M&A opportunities”, says CFO.
PNC buys BBVA’s US arm for $11.6bn creating America’s fifth-largest bank
PNC expects the acquisition will generate around $900 million in cost savings.
United Fintech launches in UK and acquires NetDania
Danish fintech NetDania supplies forex and trading technology and data.
US Department of Justice moves to block $5.3bn Visa-Plaid deal
US regulator files lawsuit against Visa, accusing it of monopolistic tactics.
UK’s PayPoint to make double acquisition worth £70m
PayPoint currently boasts a 9,000-customer strong card payment estate.
