Discover Extends Relationship with Global Payments to Increase Acceptance in Hong Kong and Taiwan
- 6 years 8 months ago
- Payments
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.
PayU acquires digital payments company Wibmo for $70 million
- 6 years 8 months ago
- Payments, M&A Deals
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...
A step ahead of the rest: Hand Dyed Shoe Company claims crown in Klarna’s ‘Smoooth Stores’ competition
- 6 years 8 months ago
- E-Commerce, Transaction Banking, Payments
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.
TBC Bank buys a 51% equity stake in LLC Inspired, a leading payment platform in Uzbekistan
- 6 years 8 months ago
- Payments, M&A Deals
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...
Sberbank, Gazprombank and Digital Horizon create a leader in biometrics
- 6 years 8 months ago
- Authentication Technology, M&A Deals
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.
Research finds financial services industry hindered by a lack of data skills
- 6 years 8 months ago
- Data
New research from analytic database firm Exasol has found that almost 40 per cent of businesses in the financial services industry (FSI) are currently failing to implement data initiatives due to a lack of employee skills. The research asked enterprises about the importance of data to their business, the strategies they are looking to implement in future, and the barriers to achieving their goals for data and analytics.
Refinitiv to Redistribute MarketAxess’ Award-Winning Fixed Income Market Data Solutions
- 6 years 8 months ago
- Trading Systems, Data
Refinitiv and MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, have entered into an agreement to redistribute MarketAxess’ fixed income market data to Refinitiv’s customers via its Elektron Data Platform.
UTP Merchant Services expands Hastings branch creating 50 new jobs
- 6 years 8 months ago
- Transaction Banking, Payments
UTP Merchant Services, a leading credit and debit card payment solutions specialist, has expanded its Hastings branch creating fifty new jobs in the area in order to support business growth. Supported by Locate East Sussex and backed by a 'Growth Capital Funding’ grant from East Sussex Council, the expansion will see UTP Merchant Services recruit 50 new telesales staff, to be based on another floor of their current Ocean House branch in St....
Kyriba Closes $160 Million Growth Round Led by Bridgepoint to Fuel Enterprise Platform Innovation and Global Expansion
- 6 years 8 months ago
- Investment, Treasury, Cloud
Kyriba, the global leader in cloud treasury and finance solutions, today announced that it has closed a $160 million growth investment round led by Bridgepoint, an international private equity group, which gives Bridgepoint a majority stake in the business. The closed deal values Kyriba at $1.2B and Daher Capital, Iris Capital and CEO Jean-Luc Robert will continue on as investors in the company. With the new capital, Kyriba will enhance product...
Upgrade Pack Now Overfunding on Seedrs
- 6 years 8 months ago
- Investment
New fintech-based startup, Upgrade Pack has exceeded its £500,000 fundraising target with leading European investment platform Seedrs. Since launching its crowdfunding campaign in March, the closed marketplace for discounted flight and hotel upgrades has attracted over 350 investors through the Seedrs community. With 25 days still left to run, the company is now overfunding.
Vayana Network enables Rs.15000+ Crores in Trade Financing
- 6 years 8 months ago
- Trade Finance
Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, announced that it has facilitated over Rs.15000 crores in trade finance. Vayana’s digital Network enables businesses and their trade partners get easy, convenient and fair-priced access to financing from Financial Institutions (FIs), such as Banks and NBFCs.
BS/2 Awarded for Achievements in Uzbekistan
- 6 years 8 months ago
- Banking
The banking technologies company Penkių kontinentų bankinės technologijos (BS/2) of Penki Kontinentai Group received an exceptional award from the world leader of the banking and trade equipment Diebold Nixdorf for successful business development in Uzbekistan.
SWIFT Admitted to Next Phase of Tender for Connectivity to TARGET Services
- 6 years 8 months ago
- Payments, Infrastructure
SWIFT announces today that it has been admitted to the next phase of the tender process to provide connectivity services to all Eurosystem market infrastructures (also known as TARGET services).
AutoRek align with Cforia Software to provide Major Product Enhancements: End-to-End Order-to-Cash with the addition of Cash Application and Bank Reconciliation
- 6 years 8 months ago
- Infrastructure
AutoRek, a global financial controls, regulatory reporting and data management platform, announces its partnership with Cforia Software. Cforia Software, Inc. is a world-leading provider of software and services for global customers that automate their Order to Cash business processes.
FSS launches ‘FSS Voice Commerce’ at Seamless Middle East
- 6 years 8 months ago
- Payments
FSS (Financial Software and Systems), a global payments technology company, has launched FSS Voice Commerce, a real-time voice banking platform that offers customers, meaningful, contextual and personalized banking interactions. Enabling banks to deepen customer engagement via conversation-led banking and deliver interactive service experiences to its customers, FSS Voice Commerce is set to take frictionless banking to the next level. The launch...
