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.
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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.
Boris Johnson has recently pledged to scrap the UK’s Stamp Duty tax, which currently slaps a 0.5% tax on equities trades over £1,000. Undoubtedly this will be met fondly from the industry, but when it comes to taxes, banks need to look more closely at pending implementations, rather than cuts.
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.
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 (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 way the world pays, banks and invests.
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.
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.
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 directly serve Australian customers within the same region and time zone
Pure Storage (NYSE: PSTG), the data solutions leader that helps innovators