Mergers and acquisitions

66 articles tagged with this keyword

/payments

HPS acquires Dublin-based CR2

HPS has acquired long-established Irish digital banking and payments software company CR2.

/payments

Fabrick continues open finance consolidation strategy with acquisition of finAPI

Open finance firm Fabrick has entered the DACH market through the acquisition of a majority 75% stake in German operator finAPI.

/markets

FE fundinfo acquires German fintech Dericon

FE fundinfo, a financial data platform for the asset management industry, has acquired German WealthTech Dericon.

/regulation

Plenitude acquires Contineo Financial Risk Solutions

Financial crime consultancy Plenitude has acquired Contineo Financial Risk Solutions, a provider of technical advisory services for regulatory compliance operations.

/wealth

EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.

/retail

Chetwood Financial acquires buy to let lender CHL Mortgages

UK digital bank Chetwood Financial has acquired buy to let mortgage lender CHL Mortgages to complement its soon-to-launch ModaMortgage's proposition.

/regulation

Cube acquires global regulatory intelligence businesses from Thomson Reuters

London RegTech Cube is continuing its acquisition spree, buying Thomson Reuters Regulatory Intelligence and Oden products and businesses.

/wholesale

UBS CEO warns of risk from delaying Credit Suisse IT integration

UBS is aiming for a swift and smooth IT integration with recently acquired Credit Suisse, bringing over only 10% of its former rival's 3000 applications.

/wholesale

BBVA charges forward with hostile bid for Banco Sabadell

Spanish incumbent bank BBVA launched a hostile takeover bid on Thursday to buy out rival Banco Sabadell.

/payments

Corpay to buy Paymerang

Corporate payments company Corpay is set to buy account payable automation outfit Paymerang. Financial terms have not been disclosed.

/regulation

Cube RegTech rollup continues with acquisition of Reg-Room

Regulatory intelligence firm Cube has acquired US-based Reg-Room, the latest in a planned series of acquisitions to drive consolidation in the market for regulatory technology.

/payments

Fime acquired by Gallant Capital

Private equity firm Gallant Capital Partners has acquired payments consultancy and testing specialist Fime as well as the UL Solutions payments testing business and merged the two. Financial terms were not disclosed.

/wealth

SVB Financial to sell VC business, SVB Capital

SVB Financial Group has announced that its venture capital business, SVB Capital, will be sold to an entity affiliated with Pinegrove Capital Partners.

/identity

Permira to take majority stake in BioCatch

PE firm Permira is buying a majority position in BioCatch in a deal that values the Israeli behavioural biometrics company at $1.3 billion.

/regulation

ComplyAdvantage buys Golden to boost financial crime intelligence

AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.

/wealth

Goldman Sachs offloads Marcus robo-advisor customers to Betterment

Goldman Sachs continues its retreat from consumer banking, striking a deal to sell its Marcus Invest digital investing accounts to Betterment.

/payments

Klarna sells virtual shopping business Hero

Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

/markets

CMA outlines competition concerns with AI Foundation Models

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

/markets

EQT sells Rimes to Five Arrows

Data management provider to the asset management sector Rimes is being sold by investment firm EQT to Five Arrows. Terms of the deal were not disclosed.