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KKR Becomes Founding Signatory to Impact Investing Principles in Effort to Create Alignment across Industry

KKR announced that it has become a founding signatory to the Operating Principles for Impact Management, a new market standard for impact investing introduced by the IFC, a member of the World Bank Group. KKR joins 59 other signatories, collectively representing over $350 billion in assets invested for impact, in their commitment to managing their impact investments in accordance with these Principles, which are meant to bring greater transparency, credibility, and discipline to the impact investing market.

Monday, April 15, 2019 - 08:06
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Financial IT
Liquidnet Launches EU Operations in Dublin

Liquidnet, the global institutional investment network, announces that it has launched its EU operations in Dublin. Liquidnet EU Limited (located in Dublin’s International Financial Services Centre), has been authorised by the Central Bank of Ireland as a MiFID II investment firm and MTF operator. This new entity acts as an agency broker, ensuring Liquidnet continues to provide services to its Member community based in the European Economic Area (EEA).

Monday, April 15, 2019 - 08:04
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Financial IT
Sopra Steria to buy a French core banking vendor SAB

Sopra Steria is to acquire fellow French core banking vendor SAB as part of a strategy to turn around its underperforming Banking Software division.

Under the proposed transaction, Sopra Banking Software would initially acquire a majority stake in SAB and the remaining share capital in a year’s time. 

Founded in 1989, SAB has over two hundred references, mostly retail banks. The company generated revenue of €64.4 million in 2018. SAB boasts significant recurring revenue streams: maintenance services and ASP services accounted for 30% and 12% respectively of its 2018 revenue.

Friday, April 12, 2019 - 14:46
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/news/ma-deals/sopra-steria-buy-french-core-banking-vendor-sab
Financial IT
Discover Extends Relationship with Global Payments to Increase Acceptance in Hong Kong and Taiwan

Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, and Discover Financial Services, a leading direct bank and payments services company, announced today that Global Payments is now an acquirer for all cards on the Discover Global Network in Hong Kong and Taiwan. This includes Discover, Diners Club International and affiliate partner cards.

Friday, April 12, 2019 - 13:16
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Financial IT
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Friday, April 12, 2019 - 11:26
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Technological transformation at ATMs combats targeted attacks

The epidemic of cash machine attacks across the UK is a serious cause for concern with attacks having risen an average of 22% per year since 2014. The attacks, often carried out with heavy machinery, not only damage the ATMs themselves, but cause widespread disruption to the community. Local stores are damaged, and communities are deprived of vital access to basic financial services and cash. If this weren’t bad enough, the people most badly affected are those least able to travel further afield for their cash; the elderly and vulnerable.

Friday, April 12, 2019 - 10:51
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Financial IT
PayU acquires digital payments company Wibmo for $70 million

PayU, an online payment service provider and Naspers’ fintech arm, today announced the acquisition of Wibmo, a Cupertino, CA-based industry leader in digital payment security and mobile payment technologies. This strategic acquisition combines PayU’s strong merchant network and Wibmo’s leadership in digital transaction security solutions to offer industry-leading payments solutions to merchants and financial institutions in India and other high growth markets.

Friday, April 12, 2019 - 10:47
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Financial IT
A step ahead of the rest: Hand Dyed Shoe Company claims crown in Klarna’s ‘Smoooth Stores’ competition

With entries received from all over the UK, a visit from Hugo Taylor and a competitive voting period which saw over 5,000 votes cast by the public, The Hand Dyed Shoe Co. was crowned the winner of Klarna’s ‘Smoooth Stores’ initiative at last night’s star-studded awards.

Friday, April 12, 2019 - 10:23
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Financial IT
TBC Bank buys a 51% equity stake in LLC Inspired, a leading payment platform in Uzbekistan

TBC Bank Group PLC of Georgia has entered into an agreement to acquire a 51% stake in LLC Inspired, a leading payment platform in Uzbekistan trading under the Payme brand.

Payme is a leading payment service provider in Uzbekistan that supplies high-quality payment solutions to its 1.3 million customers. It facilitates utility payments, P2P transfers, loan repayments, mPOS for QR-based payments and ecommerce purchases. It also provides a marketplace platform for loans from certain Uzbek banks.

Friday, April 12, 2019 - 10:15
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Financial IT
Sberbank, Gazprombank and Digital Horizon create a leader in biometrics

Sberbank, Gazprombank and Digital Horizon announce that Sberbank has agreed to acquire a 51% stake in Speech Technology Center (STC) from Gazprombank. Digital Horizon venture capital fund has also agreed to acquire a stake in STC. Gazprombank remains a strategic shareholder in STC and will continue to play an active role in the company’s future development. The deal is scheduled to close by the end of May 2019.

Friday, April 12, 2019 - 10:07
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Financial IT

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