Tagged: acquisition

May 16, 2023 @ 10:17 am By Omar Faridi  |  

Nordea has completed the acquisition of the Swedish digital pension broker platform Advinans, following receipt of the regulatory approvals. The acquisition reportedly “strengthens Nordea’s life and pension offering in Sweden and accelerates the bank’s strategic ambitions within savings.” The acquisition of Advinans fits well with… Read More

May 3, 2023 @ 8:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announces that it has reached an agreement on the terms of a recommended all-cash offer for the acquisition of Numis Corporation Plc. Numis is a UK corporate broking and advisory house “providing strategic advice and capital market connectivity to 166 retained… Read More

May 3, 2023 @ 7:27 am By Omar Faridi  |  

Building from its acquisition of anti-money laundering (AML) specialist company, Complytron, SEON has announced the appointment of Matt DeLauro as the company’s new CRO. The hire, “which represents the culmination of a six-month process, forms part of the company’s plans to continue investing in its… Read More

April 29, 2023 @ 7:15 pm By Omar Faridi  |  

Tradeweb Markets Inc. (Nasdaq: TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, released the following statement: “Tradeweb is in advanced discussions to acquire Yieldbroker, an Australian government bond and interest rate derivatives trading platform covering the institutional, wholesale, and… Read More

April 29, 2023 @ 10:32 am By Omar Faridi  |  

European Payments Initiative (EPI) announced plans to acquire Dutch payment solution iDEAL and payment solutions provider Payconiq International (PQI). EPI is a payment platform “supported by a group of major European banks including ABN AMRO.” EPI’s takeover of iDEAL and Payconiq “marks an ambitious step… Read More

April 26, 2023 @ 12:02 pm By Omar Faridi  |  

Zinnia, a life and annuity insurance technology and digital services company, today announced it is acquiring Policygenius, a digital insurance marketplace. The acquisition “lays the foundation for the industry’s first front-to-back architecture to power the entire insurance value chain and better serve carriers, advisors, and… Read More

April 20, 2023 @ 10:29 pm By Omar Faridi  |  

Regulatory technology firm, Kaizen Reporting announced that it has acquired Red Deer, a provider of integrated compliance solutions for surveillance and research workflows. Red Deer’s proprietary technology platform “provides surveillance and research tools that help middle office and compliance teams at banks, asset management and… Read More

April 19, 2023 @ 3:51 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) announced it is leveraging its acquisition of Neustar to expand its partnership with Datavant, which helps organizations securely connect health data, “to offer de-identified patient insights and measurement solutions for HIPAA-focused healthcare brands.” The partnership will enable Datavant’s ecosystem of partners “to… Read More

April 15, 2023 @ 8:04 pm By Omar Faridi  |  

Arch Insurance recently announced it has acquired Thimble, an insurtech platform for small business customers and agents. Thimble enables small businesses “to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone.” The acquisition “expands Arch’s… Read More

April 12, 2023 @ 10:38 pm By Omar Faridi  |  

Paymerang, LLC, an innovator in accounts payable automation, announced the asset acquisition of KwikTag, an invoice automation provider for Microsoft Dynamics ERP systems, and the share acquisition of Sypht, an Australia-based AI data platform. The acquisition was completed on April 3, 2023. This is the… Read More

April 9, 2023 @ 11:28 pm By Omar Faridi  |  

Loop is designed to enhance the UK’s informal money sharing market and “offers consumers a genuine alternative to the UK’s £10bn overdraft market.” As noted in a blog post, Tandem Bank is strengthening its strategy “to build the UK’s greener, digital bank with the acquisition… Read More

April 4, 2023 @ 5:35 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a one-stop shop for digital financial services, has announced that it has acquired Wyndham Capital Mortgage, a Fintech mortgage lender, in an all-cash transaction. Terms of the transaction were not immediately available. While the transaction is not expected to be… Read More

March 24, 2023 @ 4:59 am By Omar Faridi  |  

Following the acquisition of fraud detection company Nethone in November 2022, Mangopay continues strengthening its payment flow capabilities “by acquiring WhenThen, a payment orchestration and payments automation platform, providing powerful payment acceptance and payment operations to marketplaces and platforms big and small.” Just four months… Read More

March 23, 2023 @ 4:24 pm By Omar Faridi  |  

J.P. Morgan (NYSE: JPM) announced that it has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital industry. Financial terms of the transaction “were not disclosed and closing is expected in the first half of 2023.”… Read More

March 23, 2023 @ 4:14 pm By Omar Faridi  |  

State Street Corporation (NYSE: STT) announced it has entered into a definitive agreement to acquire CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income. The transaction is… Read More

March 21, 2023 @ 9:08 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently acquired cloud-based cybersecurity company Baffin Bay Networks in order to better help businesses deal “with the increasingly challenging nature of cyberattacks.” Baffin Bay Networks, based in Sweden, “adds to Mastercard’s multi-layered approach to cybersecurity and helps to stop attacks, while mitigating… Read More

March 13, 2023 @ 7:39 pm By Omar Faridi  |  

Cuscal Limited, which claims to be one of Australia’s largest independent providers of payments, banking, and regulated data and Basiq Pty Ltd, a Consumer Data Right (CDR) platform that provides data services to banks, Fintechs, and start-ups, have entered into a binding agreement under which… Read More

March 13, 2023 @ 4:53 pm By Omar Faridi  |  

Equifax Inc. (NYSE: EFX) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with the company’s acquisition of Boa Vista Serviços, which is reportedly the second-largest credit bureau in Brazil. Equifax and Boa Vista Serviços “entered into a Merger… Read More

March 11, 2023 @ 6:33 pm By Omar Faridi  |  

Orion Innovation, a digital transformation and product development services firm, announced the acquisition of Banktech Software Services Ltd, a core banking implementation partner for global financial institutions. Banktech will complement Orion’s financial services business by “bringing additional industry expertise, open banking solutions, and implementation capabilities… Read More

March 10, 2023 @ 8:28 am By Omar Faridi  |  

Molo Finance is pleased to announce Australian mortgage lender ColCap has acquired an 80% shareholding in Molo. This follows “on from the strategic partnership with Molo and ColCap entered into last year.” The investment will “allow Molo to benefit from ColCap’s depth of funding and… Read More