Nuvei acquires SafeCharge for US $889 million
- 5 years 10 months ago
- Payments, M&A Deals
Nuvei, a Montreal-based payment technology firm and leading provider of global payment solutions, today announced that it has completed its acquisition of SafeCharge International Group Limited. The acquisition creates a global, leading payment solutions provider with significant scale, able to service clients of any size across the world. Montreal, Quebec, will become the worldwide headquarters for the combined organization.
PanXchange Launches Industry’s First Institutional-Grade Industrial Hemp Exchange
- 5 years 10 months ago
- Trading Systems, Data
PanXchange, a physical commodities OTC market structure solutions provider, today announced the launch of the industry’s first institutional-grade industrial hemp exchange. The marketplace will allow producers, processors, trade houses and end-users to participate in a transparent and efficient cash market for industrial hemp products and will ultimately pave the way for the creation of hemp derivatives contracts.
EMVCo Advances Testing Programme to Enhance Global Interoperability for EMV® Contactless Payments
- 5 years 10 months ago
- Payments
EMVCo has advanced its testing programme to streamline the deployment and acceptance of contactless payment technologies worldwide. The work addresses emerging interoperability needs between EMV® acceptance devices and increasingly diverse contactless payment form factors, such as smartphones and wearables.
FNA, announces $5.5m Series A funding to drive global risk reduction
- 5 years 10 months ago
- RegTech
FNA today announces closure of a $5.5m Series A investment round led by IQ Capital, with participation from GETTYLAB. The funds will be used to further develop the FNA platform and solutions to help financial regulators and institutions operationalise advanced data analytics, identify fault lines in the financial system and prepare better for financial crisis and cyber threats.
FinEx ETF Limited finalizes Index Switches for seven ETFs to Solactive Indices
- 5 years 10 months ago
- Trading Systems, Management, Asset Management
Solactive is pleased to announce that asset manager and ETF provider FinEx ETF Limited completed its index switches in favor of Solactive for six country benchmarks as well as a US Large & Mid Cap technology index. The adoption of these seven Solactive indices marks yet another milestone for the trend of index users switching to high-quality benchmarks at lower costs. With eight out of twelve indices, Solactive now provides the lion’s share...
Fintech financing is in the highest demand in urban areas in Asia
- 5 years 10 months ago
- Data, Financial
Residents of urban areas fall back upon fintech services providing personal financing far more often than in less urbanized regions. These are the findings on the regional use of online financing in the Philippines, Indonesia, Vietnam and India mapped by the analysts of the financial holding Robocash Group.
Proposed all share acquisition of Refinitiv by London Stock Exchange Group (LSEG)
- 5 years 10 months ago
- Data, Infrastructure
Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, today announces that its shareholders have agreed definitive terms with the London Stock Exchange Group plc (“LSEG”) under which LSEG will acquire Refinitiv in an all share transaction for a total enterprise value of approximately US$27 billion. The full LSEG announcement can be found here.
Mindtree Joins Hyperledger to Accelerate Blockchain Development
- 5 years 10 months ago
- Blockchain
Mindtree, a global technology services and digital transformation company, announced that it has joined Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. Joining as a general member enables Mindtree to accelerate the development of its capabilities around Hyperledger and offer industry-specific blockchain solutions to prospective clients.
Contis Establishes PSD2-Ready, Automated Fraud Detection in Record Time with Featurespace
- 5 years 10 months ago
- Security, Fraud Detection, Risk Management
Featurespace, the leading provider of Adaptive Behavioral Analytics for fraud detection and risk management, announced the seamless, 92-day, on-premise enterprise delivery of its ARIC Fraud Hub with Contis, an award-winning banking, payments and processing solution provider.
FIS Closes Acquisition of Worldpay, Enhancing its Global Technology Leadership Serving Merchants, Banks and Capital Markets
- 5 years 10 months ago
- M&A Deals
FIS (NYSE: FIS) today announced the closing of its acquisition of global payments leader Worldpay, Inc., creating a global leader in technology and solutions for merchants, banks and capital markets. The combined company will have over $12 billion in pro forma revenue and more than 55,000 employees. With a best-in-class portfolio of solutions for payments, banking and capital markets, FIS is positioned to accelerate its growth and advance the...
Novidea partners with Instech London to promote innovation and technology adoption in the insurance space
- 5 years 10 months ago
- Management, Insurance
Novidea, the digital data-driven insurance brokers & distribution platform, is pleased to announce that it has partnered with Instech London, an organisation that links start-ups, investors and insurers to promote innovation and technology adoption in the insurance sector.
How disposable technology will re-define the payments value chain?
- 5 years 10 months ago
- Payments
Tribe Payments, a team of industry experts dedicated to delivering the future of payments, has published a study on the effect of disposable technology on payments. The paper looks at the common use of modular technology by fintechs, and how legacy players without it are struggling to keep pace.
Clearstream completes acquisition of Ausmaq Limited
- 5 years 10 months ago
- M&A Deals
Deutsche Börse’s post-trade services provider Clearstream completed the acquisition of Ausmaq Limited from National Australia Bank (NAB), following receipt of approval from the Luxembourgish regulatory authorities. With the addition of the Sydney-based managed funds custodian Ausmaq, Clearstream is entering the domestic Australian funds market. The future set-up of Ausmaq within Clearstream’s Investment Fund Services business will be designed to...
Pure Storage research reports the current state of central government IT projects
- 5 years 10 months ago
- SaaS, Data
Pure Storage (NYSE: PSTG), the data solutions leader that helps innovators
Swiss Re Group Chooses Expert System to Power Knowledge-Intensive Processes with Artificial Intelligence
- 5 years 10 months ago
- Artificial Intelligence, Insurance
Expert System announces that it has been working with Swiss Re leveraging the advanced features of Cogito®, a strategic NLU (Natural Language Understanding) technology. With Expert System's AI-driven approach, which focuses on deep knowledge understanding and data accuracy, Swiss Re will empower its digital and analytics strategy throughout the entire value chain. With an AI-driven approach that targets deep knowledge understanding and data...
