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Top fintech stories this week – 16 June 2017

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

Misys and D+H merge to launch fintech titan Finastra

finastra 1

Misys and DH Corporation (D+H) have joined forces to create Finastra, the third largest financial services technology company in the world. As reported in March, D+H was acquired by Vista Equity Partners for $3.6 billion. The venture capital firm, which owns UK-based banking software vendor Misys, beat rival Advent International to acquire D+H. Finastra will […]

Fiserv sets sights on mobile payments tech vendor Monitise

Acquisition-Defined

US tech giant Fiserv has offered to buy Monitise, a UK-based mobile payments software and solutions provider. The cash offer to acquire is at 2.90 pence per share – valuing Monitise at approximately £70 million.

Ebix buys majority stake in India’s payments tech vendor ItzCash

Ebix

Indian payment solutions provider ItzCash Card has a new main backer. This is Ebix, a US-based vendor of on-demand software and e-commerce services to the insurance, financial, e-governance and health care industries. Ebix has taken an 80% stake in ItzCash for $120 million.

MyState in core banking system consolidation

MyState in digital banking transformation

Australia-based MyState Bank has moved onto a single core banking platform, replacing two separate installations. The solution is understood to be TCS Bancs from TCS Financial Solutions.

LeasePlan in enterprise-wide tech overhaul with SAP and HCL

LeasePlan puts tech trust in SAP

LeasePlan, one of the world’s largest fleet management specialists, is undertaking an enterprise-wide technology overhaul with SAP.

IBM deal puts final nail in the Verizon enterprise cloud coffin

cloudhead-70x70

It’s been expected for a while, but Verizon’s sale to IBM confirms the giant has officially given up on the cloud.

Maryland credit union duo merge on FLEX core tech

FLEX core tech flexes muscles in Maryland

Two small credit unions in the US state of Maryland, Perry Point Federal Credit Union and Central Credit Union of Maryland (CCUMD) have merged.

HelloPay merges with Ant Financial for AliPay boost

ant financial

HelloPay Group, which runs the HelloPay payment platform and online shopping and selling site Lazada, has merged with China’s Ant Financial. Ant Financial, part of Jack Ma’s Alibaba Group, runs Alipay and so HelloPay has now been rebranded as Alipay Singapore, Alipay Malaysia, Alipay Indonesia and Alipay Philippines in its respective markets. Douglas Feagin, SVP […]

Simple’s move to new bank API leaves some customers stranded

Simple

Simple, a US-based digital banking service founded in 2009, has discovered that moving accounts to its parent bank’s application programming interface (API) is not that simple.

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