AcquisitionsRSS

Accenture to acquire payments consulting firm First Annapolis

Accenture

Accenture will acquire First Annapolis, a privately held payments consulting and advisory firm. Alan McIntyre, senior managing director, and head of Accenture’s Banking practice, says the acquisition “will enhance our capabilities in the payments sector”. Terms of the transaction were not disclosed. The acquisition, which is subject to customary closing conditions, is expected to close […]

Top fintech stories this week – 24 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

MoneyGram board to further consider Euronet proposal

Euronet and Ant Financial sweet on MoneyGram

Money transfer giant MoneyGram can give further consideration to Euronet’s surprise bid to acquire the company from under the nose of Ant Financial.

Warburg Pincus buys stake in Avaloq

Avaloq gets new core banking customer in Switzerland

Private equity (PE) firm Warburg Pincus will acquire a 35% shareholding in Avaloq from existing shareholders – with the deal a first step towards a potential public listing. The transaction values Avaloq in excess of CHF 1 billion ($1 billion). Detailed financial terms are not being disclosed, but Francisco Fernandez, CEO at Avaloq, will retain […]

Walmart pushes omnichannel shopping with new tech incubator

walmart-logo-sun55

Walmart recently announced another step toward further developing its e-commerce business with the creation of a technology incubator called Store No. 8 to create new retail online businesses as well as help the retail giant better compete against Amazon.

Diebold Nixdorf in major deal with Russia’s Post Bank

Russia

Russia-based Post Bank, a joint venture of VTB Group and Russian Post, has purchased 3,200 self-service cash recycling systems (plus software and services) from Diebold Nixdorf.

Autosoft Dynamics ousts rival Path Solutions at ex-Burj Bank in Pakistan

Bank Alfalah and Warid Telecom customers in Pakistan will now have access to mobile banking

Al Baraka Bank in Pakistan is migrating the acquired fellow Islamic bank, Burj Bank, onto the Autobanker core banking system from Autosoft Dynamics.

Cognizant plans: layoffs, automation, investment in digital and M&A

Someone gotta go...

Cognizant, a global provider of digital, technology, consulting and operations services, is to get rid of up to 4% of its workforce, it is understood. It is also keen on increasing automation, investment in digital and M&A.

Top fintech stories this week – 17 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Euronet bugs Ant Financial with MoneyGram move

Moneygram goes Ant Financial way

Payments firm Euronet has proposed to buy money transfer operator MoneyGram International for $15.20 per share – in turn becoming a pest to Ant Financial’s acquisition plans. As Banking Technology reported in January, Alibaba’s affiliate Ant Financial planned to splash out $880 million for MoneyGram – its first acquisition of a US-listed company. Euronet says […]

@banking
techno