Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor.  The combined company will offer the industry’s most comprehensive product and service suite in the subscription billing and eCommerce space, linking payment model flexibility with advanced eCommerce, recurring revenue management, and marketing capabilities on a global level.

The two companies bring complementary strengths and capabilities, combining to create a comprehensive offering that features:

We focus on the digital transformations of banks and get a lot of questions about the latest trends in technology. One question that keeps popping up: Where is the greatest potential for chatbots in banking?

The Financial Conduct Authority (FCA) is today proposing new rules to help customers who are in persistent credit card debt.

This follows the FCA’s study of the UK credit card market, which found significant concerns about the scale, extent and nature of problem credit card debt. 

Bloomberg announced today that Intesa Sanpaolo, the Italian banking group, is using accounting data from Bloomberg to comply with the International Financial Reporting Standard 9, known as IFRS 9, an accounting framework released by the International Accounting Standards Board (IASB).

ItzCash India’s leading player in the digital payment space and a pioneer in prepaid card industry, today, announced further investment and scale up of its Point-of-Sale terminals. It will enable to pay, transact and withdraw money at local kirana store with ItzCash’s Point-of-Sale machine.

Today Sierra Wireless, a major provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), announced it has completed the acquisition of substantially all of the assets of GlobalTop Technology’s Global Navigation Satellite System (GNSS) embedded module business for total cash consideration of approximately $3.2 million, subject to working capital adjustments.

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that Jefferies has selected its Markets in Financial Instruments Directive II (MiFID II) transaction reporting solution.
Jefferies is leveraging their relationship with AxiomSL by adding this MiFID II transaction reporting solution to their existing transaction reporting solutions. 

The SEC’s Rule 613, which created the Consolidated Audit Trail (CAT), is estimated to be the world’s biggest data repository for options and equity trade related data, collecting thousands of terabytes of data a year from U.S. self-regulatory Organizations (SROs)s and Broker Dealers. 

One question that has been raised is whether any existing reporting systems will be eliminated once the CAT is operational?