Chairmans Financial rescues Ipagoo from administration
Chairmans plans to buy 100% of Ipagoo and some assets from its parent software company.
Mergers & Acquisitions/M&A
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Raisin completes takeover of MHB-Bank
It is the first fintech in Germany to buy a bank.
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
Raisin to offer pensions with acquisition of Fairr
It will be the first online marketplace to offer savings, investments and pensions.
Wealthfront acquires robo advisor Grove
California-based, Wealthfront, is acquiring financial planning fintech Grove for an undisclosed sum
PAI acquires Eclipse Cash Systems
The deal takes PAI’s network to over 90,000 ATMs.
Banque Morval and Intesa Sanpaolo unite on Avaloq’s core banking tech
The project took nine months to complete.
Accenture acquires financial risk advisor Parker Fitzgerald
Accenture responds to the evolving risk landscape in financial services.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Saxo Bank completes acquisition of BinckBank
Saxo intends to initiate the statutory buy-out procedure.
Nuvei completes $889m SafeCharge deal
“We are jointly creating an international payment giant.”
First Data and Bank of America end paytech partnership
Fiserv’s First Data will provide services to its current client merchants until June 2023.
FNZ acquires GBST after £150m deal
Its third acquisition in a month.
LSE in talks to buy Refinitiv for $27bn
The deal includes debt of $12.2 billion.
Visa eyes up Nets
Sources say Visa may acquire parts of the Nordic fintech.
Moody’s acquires fintech RiskFirst
The acquisition will boost Moody’s Analytics’ offering.
Blockchain ID management firm Trusted Key bought by Workday
Trusted Key will bring its blockchain-based, digital identity management technology to Workday.
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Borgun adopts TruNarrative MLM platform
The solution will reduce onboarding time for new clients.
Urban FT acquires CFC Technology Group
The pairing aims to tilt the playing field for community-based institutions.
Thomson Reuters acquires HighQ
It enhances their aim of providing more cloud-based software for legal professionals.
Visa acquires POS payment gateway Payworks
The integrated platform will unify the online and in-store payments experience.
FNZ acquires wealth management software firm JHC
The combined group will take JHC’s solutions into new territories.
Temenos acquires AI firm Logical Glue
It claims to bring transparency and explainability of AI automated decisions to the banking industry.
Finca Microfinance Bank implements AutoSoft’s AutoBanker
The suite has been rolled across 135 branches.
Equistone acquires Moody’s Analytic Knowledge Services
The existing management team will remain in place.
FNZ acquires German investech Ebase for €154m
Ebase was previously owned by Comdirect Bank
SumUp enhances payments for SMEs with €330m funding
Following the acquisitions of Debitoor and Shoplo.
Goldman Sachs invests €25 million in Raisin
The new funding brings the total volume of primary investment to €195 million.
Advent acquires revenue management firm TSG
TSG provides business management software and integrated payments.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Banking tech heavyweight Jack Henry acquires PFM firm Geezeo
The two companies say they’ve been “strong business partners” for years.
Avaloq buys Swiss structured products firm Derivative Partners
The acquired niche company provides market information and tools for clients in Switzerland and the rest of Europe.
JP Morgan to take stake in 10x Future Technologies
10x Technologies’ boss is Anthony Jenkins, formerly Barclays head.
Visa acquires chargebacks tech firm Verifi
To combine Visa’s anti-fraud tech with Verifi’s solutions.
Bank of Ireland UK sells credit card portfolio for £530m
Jaja will become the consumer credit card issuer for the bank and the AA.
Visa expands token and ticketing services with Rambus’ portfolio
Visa will develop its tokenisation services to support commerce.
