AcquisitionsRSS

Blockchain and Bitcoin round-up: 18 August 2017

SAP launches Blockchain-as-a-Service

Quickly following on from the round-up on 16 August, here’s more blockchain and Bitcoin action. Features the Australian government, Blockchain (as in the firm), ShapeShift, Bitstamp and Payza. The Australian government has launched a crackdown on money laundering and terrorism financing – including the digital currency exchange sector being regulated for the first time. The […]

LendingRobot joins NSR Invest to form biggest roboadvisor in marketplace lending

LendingRobot 1

P2P lending roboadvisor LendingRobot will join NSR Invest, creating what it calls “the largest independent roboadvisor in the alternative lending space”, reports Finovate (Banking Technology‘s sister company). LendingRobot explains in its blog that the “websites, operating, and trading systems” of each platform will continue to function as usual for the time being as the companies prepare […]

Top fintech stories this week – 18 August 2017

Banking Technology logo

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

Urban FT throws Digiliti Money a life raft

Financial trouble in fintech paradise

Digiliti Money may be able to breathe a much-needed sigh of relief after a tumultuous few weeks, including declining revenues, appointing an interim CEO and the delay of its Q2 earnings report, writes Banking Technology‘s sister publication Paybefore. The Minneapolis-based company, which sells mobile financial services app technology, has an offer on the table from […]

Industry bullish on promise of fintech – Opimas research

Optimas Analysis 1

Market players are bullish on the near- and longer-term promise of fintech, according to new research by Opimas, “Fintech Spending and Innovation in Capital Markets”. In 2017, it estimates fintech spending across all capital markets participants to exceed $127 billion.

Retail deposits platform Savedo acquired by fellow fintech Deposit Solutions

Deposit Solutions buys Savedo

Germany-based Deposit Solutions has acquired fellow fintech Savedo. With the acquisition of Savedo, Deposit Solutions gains 18,000+ clients, 13 partner banks and new regions – thus “further expanding its B2C capabilities”.

PayPal to buy Swift Financial to boost SME lending

PayPal

After a spate of recent partnership announcements to expand its acceptance network and P2P reach, PayPal is buying Swift Financial to boost its small business lending division.

Top fintech stories this week – 11 August 2017

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

Vantiv and Worldpay agree on $10.4bn merger

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Vantiv and Worldpay each reported double-digit profit growth and announced that their respective boards have agreed to an £8 billion ($10.4 billion) merger. The combined company, which will be called Worldpay, will be valued at approximately £22.2 billion ($28.8 billion).

Harrods Bank acquired by challenger Tandem

Farewell, Harrods Bank

UK-based challenger bank Tandem has singed an agreement to acquire Harrods Bank. Tandem says it will “benefit from around £80 million of capital coming into the business”. It will also provide Tandem with a banking licence.

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