Capgemini Completes The Acquisition Of US-based IGATE Corporation
- 10 years 10 months ago
- M&A Deals
Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, today announced that it has completed the acquisition of IGATE Corporation. IGATE Corporation is a prominent technology and services company headquartered in New Jersey with 2014 revenues of $1.3 billion. The transaction is expected to be accretive to Capgemini normalised Earnings Per Share (EPS) by at least 12% in 2016 and 16% in 2017.
ASX Selects Nasdaq's Post-Trade Risk Technology to Manage Its Real-Time Risk Across Clearinghouses
- 10 years 10 months ago
- Risk Management, Infrastructure
Nasdaq(Nasdaq:NDAQ) and the Australian Securities Exchange (ASX) announced to
Laurel Powers-Freeling is to join the Board of Atom
- 10 years 10 months ago
- People Moves
The appointment comes hot on the heels of Atom’s announcement that the Prudential Regulation Authority and the Financial Conduct Authority have approved its digital business model.
Banks Are Adopting Biometrics As An Authentication Method For Mobile Services
- 10 years 10 months ago
- Mobile Banking, Authentication Technology
Banks are rapidly adopting biometrics as an authentication method for mobile services and are willing to cooperate to provide customers with a common interface, according to a survey from the Mobey Forum.
Velocimetrics To Launch VMX Payments Offering Real-time, End-to-end Business Flow Monitoring For Payment Platforms
- 10 years 10 months ago
- Infrastructure
Velocimetrics releases VMX Payments enabling banks operating payment platforms to accurately track all transactions in real-time from entry-to-exit presenting the potential to radically reduce processing costs, complexity and SLA breaches, whilst improving the experience of impacted clients when technical outages occur Velocimetrics, the provider of real-time business flow performance monitoring and analysis solutions to the global financial...
Payworks to Support Payments For cab:app
- 10 years 10 months ago
- Payments
cab:app, a provider of a mobile application for taxi drivers, chooses payworks to drive card payment acceptance in cabs.
CR2 Appoints Franky Van Damme As CEO
- 10 years 10 months ago
- People Moves
CR2 has today announced that its Board of Directors have appointed Franky Van Damme as Chief Executive Officer and member of the Board of Directors, effective immediately. Franky has worked with CR2 for some time, having previously held the position of non-Executive Director since May 2008.
Barclays To Expand Its Cheque Imaging Service To Android Phones And iPads
- 10 years 10 months ago
- Payments, Retail Banking
Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.
PayPal’s Acquisition Of Xoom Highlights Its Post eBay Strategy
- 10 years 10 months ago
- M&A Deals
Only weeks ahead of its demerger from parent company eBay, PayPal has recently announced the all-cash acquisition of cross-border P2P remittance provider Xoom for $25 per share, equivalent to $890m. This latest acquisition follows on the heels of other recent notable deals including in 2015 mobile wallet platform provider Paydiant for an estimated $280m, and new breed payments gateway provider Braintree, including its domestic P2P brand Venmo,...
ICAP Appoints Jenny Knott As CEO Post Trade Risk And Information Services
- 10 years 10 months ago
- People Moves
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces the appointment of Jenny Knott as CEO Post Trade Risk and Information Services. Jenny joins ICAP from leading African financial services group Standard Bank Group where she was CEO of Standard Bank Plc and CIB International, and most recently Strategic Advisor to the Group CEOs.
BT Creates Innovation In Financial Services With Fintech Start-ups Initiative
- 10 years 10 months ago
- IT Innovations
BT today announced a new drive to accelerate innovation in global financial markets by bringing fintech start-ups onto the BT Radianz Cloud, the world’s largest, secure networked financial community. The Radianz Cloud celebrates its 15th anniversary this year. Fintech start-ups are a growing source of innovation in the financial markets industry. But their small size creates challenges around market adoption, delivery and meeting the stringent...
US Banks To Spend $16.6bn On Digital Transformation
- 10 years 10 months ago
- Payments, Retail Banking
American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights. As the retail banking delivery model is upended, financial institutions will increasingly focus their budgets on digital transformation, with spending growing at a compound annual growth rate of 10.4% into 2019, predicts IDC. This compares to a growth rate of just 3.9% for overall IT spending by US...
Mariner Investment appoints Chief Risk Officer
- 10 years 10 months ago
- People Moves
Mariner Investment Group, the alternative investment manager, has appointed Dmitry Green as Chief Risk Officer. Mr. Green has managed investment risk at a number of blue chip alternative investment firms, and joins Mariner from Saba Capital where he was MD and CRO. Mr. Green will be responsible for monitoring investment risk across all of Mariner's businesses. He will be a member of the firm's Investment and Risk committees, and will report...
Singapore To Invest S$225m In Fintech Sector
- 10 years 10 months ago
- Investment
Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech. Monetary Authority of Singapore (MAS) managing director Ravi Menon revealed the investment (around US$167 million) in the Financial Sector Technology & Innovation (FSTI) scheme during a speech.
Cisco Announces Intent to Acquire OpenDNS
- 10 years 10 months ago
- M&A Deals
Cisco announced its intent to acquire OpenDNS, a privately held security company based in San Francisco. OpenDNS provides advanced threat protection for any device, anywhere, anytime. The acquisition will boost Cisco's Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform.
