Aegon Cofunds to oust IFDS and its tech

Aegon nurtures tech (just not that of IFDS)

Pension, insurance and investment management firm Aegon has embarked on a large technology project with a number of specialist tech providers – to move the acquired Cofunds business from the International Financial Data Services (IFDS) platform.

Top fintech stories this week – 8 September 2017

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

Gambit acquisition offers BNP Paribas robo-advisory opening


France’s BNP Paribas Asset Management (BNPP AM) has acquired a majority stake in Belgium-based robo-advisory company Gambit Financial Solutions. BNPP AM says via the deal it will look to improve its advisory-guided or autonomous interfaces. Gambit will maintain its independence and become the preferred partner for robo-advisory solutions for BNP Paribas’ retail and wealth management […]

Nasdaq buys analytics provider eVestment for $705m

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Nasdaq will acquire eVestment, a content and analytics provider used by asset managers and investment consultants, for $705 million funded through a mix of debt and cash on hand. According to Nasdaq, eVestment provides investors a database for both traditional and alternative strategies, including 2,800 individual data points on more than 74,000 investment vehicles. eVestment […]

Euro bureaucrats make M&A power play over frightening foreigners

European Commission

We all knew Canadians were afraid of the dark and that Scots are not always fond of vegetables, but who knew the European Commissioners were wary of foreigners? Reports (Banking Technology‘s sister publication). In her latest speech, the European Commission’s chief Gaggler for competition Margrethe Vestager, has seemingly set the tone; foreign money isn’t as […]

The Monday mindset: 4 September 2017

Here comes the money wave!

Fintech zeitgeist! This week Loraine DeBonis, editor-in-chief of Banking Technology’s sister site Paybefore, muses on all the money changing hands in the payments industry.

Fiserv completes takeover of Monitise

Now part of Fiserv

US tech giant Fiserv has completed its acquisition of Monitise, a UK-based mobile payments software and solutions provider.

Top fintech stories this week – 1 September 2017

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

Fintech firms unrelated to acquisition offer running commentary


For reasons that probably lie in the lack of a marketing and sales budget, the acquisition of payments provider Bantam Banana (don’t ask) by fintech behemoth Moby Trick (founded by Merman Helville) has prompted a flurry of comments from companies that have sweet F.A. to do with the event. Financial terms of the acquisition were […]

Blackhawk Network acquires CashStar for $175m

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Blackhawk Network keeps getting bigger. The California-based global technology company, has acquired digital gifting specialist CashStar for approximately $175 million in cash, reports Paybefore (Banking Technology‘s sister publication). Blackhawk, which has been on an acquisition spree over the last several years, says the acquisition strengthens its position in the emerging digital gift card market, particularly […]