The German financial supervisor BaFin gave its unconditional approval to the acquisition of Concardis GmbH by Advent International and Bain Capital Private Equity. The transaction had previously been cleared by the European competition authority; so the takeover is now completed. The new owners are internationally experienced investors in the financial service sector and now intend to build an international payment platform.

Further demonstrating its commitment to creating and enabling data-driven organizations, Datameer today unveiled Datameer 6.3, which makes it easier than ever to create and curate enterprise-grade data lakes and democratize data access for downstream analysis.

Last week, SEC Chairman Jay Clayton said he asked the staff to develop a plan for creating a Fixed Income Market Structure Committee to advise the SEC on regulatory issues in the fixed-income markets.

Clayton said the fixed income committee would be modeled after the Equity Market Structure Committee (EMSAC), and would be comprised of a diverse group of outside experts.

Synechron Inc., the global financial services consulting and technology services provider, has today announced that nearly 60 financial institutions are set to implement Artificial Intelligence (AI) technology following the launch of Synechron’s AI accelerators in March - with interest spanning across four continents, new figures show today.

It was 27^th July 1977 when in Milan the Bank of Italy, ABI (Italian Banking Association) and the major Italian banks established SIA - shareholding capital 300 million Italian liras - with the aim of computerizing the domestic payment system also through the creation of the Rete Nazionale Interbancaria (RNI - National Interbank Network).

International network service provider, RETN, announces today that they have carried out a massive upgrade of their point-of presence (PoP) at EvoSwitch AMS1 - which doubles RETN’s networking capacity at EvoSwitch’s data center in the Amsterdam area.

The network upgrade has transformed RETN’s PoP at EvoSwitch AMS1 into a ‘Super PoP’, expanding EvoSwitch’s already network-dense connectivity options in Amsterdam significantly. 

FSS, a Payments & Fintech leader has successfully completed its PCI audit and received the certification of compliance for the Payment Card Industry Data Security Standard Version 3.2 (PCI DSS V 3.2). 

FSS is among the few third-party payment processors globally to receive the PCI DSS V3.2 certification for FSSNeT, its hosted payment services environment. The certification underscores FSS’ ability to provide a secure payment services environment, compliant with the most rigorous and up-to-date global standards. 

The German financial supervisor BaFin gave its unconditional approval to the acquisition of Concardis GmbH by Advent International and Bain Capital Private Equity. The transaction had previously been cleared by the European competition authority; so the takeover is now completed. The new owners are internationally experienced investors in the financial service sector and now intend to build an international payment platform.