Daimler Financial Services buys PayCash Europe

Daimler Financial Services muscles into the e-payments space

Daimler Financial Services is acquiring e-payments services provider PayCash Europe, based in Luxembourg. This will enable Daimler to launch its own e-payments service under the Mercedes Pay brand.

CMA comments on current account switching plans & VocaLink’s takeover by Mastercard

UK flag

The Competition and Markets Authority (CMA) in the UK has accepted undertakings from the Bacs payment scheme that commit it to delivering the improvements required by the CMA retail banking market investigation within a year.

AnaCap to acquire German payments provider Heidelpay

Heidelpay's Mirko Huellemann is "extremely excited" about the acquisition

Private equity firm AnaCap Financial Partners is taking over a controlling stake in Heidelpay, an online payment service provider (PSP) in Germany. Heidelpay’s co-founders and existing management will retain a minority stake in the business.

Private equity firms to buy German payments provider Concardis from local banks

Private equity firms take over German payment services provider Concardis

Advent International and Bain Capital Private Equity have signed a definitive agreement to acquire Concardis, a German payment services provider currently owned by local banks. It is understood the price tag is around €700 million.

UK BPO and fintech provider Target Group buys Commercial First

Target Group

Target Group, a UK-based business process outsourcing (BPO) and software vendor, has purchased the operating business of Commercial First, a provider of commercial and residential mortgage servicing, due diligence and property valuations. Commercial First, also based in the UK, provides clients with services in the real estate lending market ranging from loan administration through to […]

InvestCloud acquires Babel Systems for $20m


California-based InvestCloud has acquired Babel Systems in London for $20 million. Babel provides a modular and API-based trade and accounting platform, while InvestCloud has over 660 clients with “accounting needs served by legacy accounting systems that were designed in the last century”. This acquisition links InvestCloud’s digital platform with Babel’s capabilities. InvestCloud will also continue […]

Top fintech stories this week – 6 January 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! The first weekly news round-up of 2017. Happy 2017! Let it be a year of discovery and success.

S&P sells QuantHouse to original founder

Pierre Feligioni, QuantHouse: The time has come to go solo

S&P Global is selling trading solutions provider QuantHouse to one of its original founders, Pierre Feligioni. “The time is right for QuantHouse to regain focus and flexibility to exploit growing market opportunities in North America, Europe and Asia,” Feligioni states.

CMA voices concerns over VocaLink’s takeover by Mastercard

ClauseMatch and JWG team up for new reg reporting development

The Competition and Markets Authority (CMA) has found that Mastercard’s acquisition of VocaLink gives rise to competition concerns.

Euronext makes €510m offer to acquire LCH.Clearnet

Euronext has an eye on LCH.Clearnet

Pan-European exchange Euronext has made an irrevocable cash offer of €510 million to acquire clearing and central counterparty (CCP) services provider LCH.Clearnet.