Platform Black have today announced that their majority shareholder – Sancus BMS Group have increased their shareholding in the firm demonstrating their further commitment to the future of the business in the UK funding market. 

The move sees Sancus BMS Group make a further investment in Platform Black through the cash purchase of an additional 10% of Platform Black shares from minority investors, taking its holding from 83.93% to 93.93% at a £3.5m valuation. 

Equiniti Group plc, the specialist technology outsourcer, today announces that it has completed the acquisition of digital case management provider, Toplevel. The acquisition is further example of Equiniti’s growth strategy of integrating scalable technology platforms to provide mission critical non-discretionary services.

AXA, Alibaba and Ant Financial Services have agreed to engage in a global strategic partnership to jointly explore opportunities to distribute AXA’s insurance products and services through Alibaba’s global ecommerce ecosystem, benefitting the businesses and consumers that transact via Alibaba’s marketplaces. The companies will seek to work together to co-innovate and to develop value-added products and services to customers around the world as well as to mutually support each other in developing and exploring new markets and segments.

Fidor Group, the German digital challenger bank and fintech pioneer, is today announcing its acquisition by Groupe BPCE , the second largest banking group in France.

Groupe BPCE has signed an agreement with the key shareholders, founders and managers of Fidor Group relating to the acquisition of their equity interests in the company.

OKI reports the installations of 600 sets of cash recycling ATMs, ATM-Recycler G7, in June 2016, to the State Bank of India (hereinafter referred to as SBI), the largest bank in India.

The Payments Systems Regulator (PSR) announced that the UK payments infrastructure will undergo a reform, in order to increase innovation, competition, and ultimately seek to better serve consumers.