JLT buys saving and investment service Moola
UK-based JLT Employee Benefits looks to digital benefits.
Mergers & Acquisitions/M&A
EY buys into blockchain for an Elevated Consciousness
Buys US start-up’s crypto-asset accounting and tax functions.
FundAmerica acquired by Prime Trust
Blockchain-driven trust firm buys crowdfunding regtech company.
Allianz completes Ensure Insurance acquisition in Nigeria
All part of its plan for long-term growth in Africa.
Euroclear takes stake in fixed income tech provider Algomi
Algomi focuses on banks, institutional investors, inter-dealer brokers and exchanges.
Equifax acquires alternative data provider DataX
DataX brand and employees integrated into Equifax’s Banking and Lending Division.
Central 1 and Agility Forex in FX-ing great partnership
Special FX for Central 1’s clients and credit union members in Canada.
Kassir acquisition just the ticket for Tinkoff
Kassir will sell tickets via bank and mobile app.
Accuity safely acquires Safe Banking Systems
With SBS it gets KYC and AML solutions.
Comdirect bank sells Ebase to FNZ Group for €151m
Fintech buys bank.
PayPal CEO commits to $3bn a year in M&A spending
Spending spree is not slowing down yet.
EQT to acquire Saxo Payments Banking Circle
Transaction is expected to close in Q4 2018.
Gresham acquires payments firm B2 Group
To B2 or not to B2? Thanks for asking but headline gives it away.
Risk info provider TransUnion gets outstanding Iovation
Finalises its purchase of device intelligence company.
Nordea acquires Gjensidige Bank in Norway for €578m
Gjensidige offers digital banking, mortgages, and unsecured loans.
Ping Identity acquires Elastic Beam
Identity security solutions provider buys API cybersecurity company.
Finastra selling its collateral management branch to Teranet
The transaction will be completed by July 2018.
Stellar to acquire crypto firm Chain for $500m
Stellar is more interested in the developers rather than its technology.
PayPal gets anti-fraud ability with $120m acquisition of Simility
Buys fraud prevention and risk management platform.
BillingTree integrates iPayX e-billing solution
Follows the acquisition of the company back in December.
Banco Sabadell’s venture hub InnoCells acquires lendtech Instant Credit
It aims to grow its digital retail vertical.
Luxoft smashes it with Smashing Ideas acquisition
Smashing, lovely, super. Purchase bolsters digital research, strategy and design.
Hyperactive PayPal acquires Hyperwallet for $400m
Gives it more payment solutions to e-commerce platforms and marketplaces.
Nets dives into Poland with Dotpay/eCard acquisition
Both brands will remain separate and maintain leadership.
Finastra acquires banking app provider Malauzai
Deal strengthens its involvement in US retail and business banking sectors.
CYBG confirms £1.7bn Virgin Money takeover
There could also be around 1,500 job losses.
Truecaller buys Chillr for Indian mobile payments thriller
Acquisition builds on Truecaller Pay, which was launched last year.
InvestCloud acquires rplan for $20m in asset management advance
Deal extends its direct-to-consumer (D2C) offering for asset managers.
Top fintech stories this week – 8 June 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Gift Card Impressions acquired by InComm
Prepaid products company InComm buys former competitor Gift Card Impressions (GCI).
Invesco takes over financial advisor platform Intelliflo
Invesco has acquired Intelliflo, a UK provider of advisor-focused digital solutions.
Cinnober sells majority stake in Irisium to KRM22
KRM22 buys a 60% stake in Irisium, a subsdiary of trading tech firm Cinnober, for £2.6m in cash.
Paytech heavyweights Nets and Concardis to merge
Paytech firms Nets and Concardis will merge but retain their own brands.
Vasco rebrands as OneSpan, acquires Dealflo
Business solutions company Vasco is making a major pivot.
Germany’s largest private and commercial bank launches
Merger of Postbank and Deutsche Bank’s private and commercial clients business has concluded.
China surging in payments technology: lessons for the West
What has driven the explosive growth of Asian paytech from giants such as Ant Financial and Tencent? And what’s next?
Temenos on M&A trail to grow US business
Anti-money laundering (AML), fraud and wealth management are the focus areas.
SIA is partial to First Data’s European card processing for €375m
Will acquire businesses in parts of Central and Southeastern Europe.
Mitek acquires AI firm A2iA for $49.7m
US-based digital identity verification company bolsters its capabilities.
Microsoft acquires Semantic Machines for conversational AI starter
Ambitions to make chatbots sound more human and less like robots.
