The year of the fintech merger
It was the second-largest announced merger of the year after the industry saw its largest-ever fintech deal, Fidelity National Information Services Inc. s $35.36 billion bid for Worldpay Inc., announced in March.
Recognised as the fintech 'super-merger' of 2017, in march this year Vista Equity Partners struck an agreement to purchase Canadian financial.
Earlier this year, following a widely applauded Fintech report from the US Department of Treasury, the Office of the Comptroller of the Currency (OCC) said they were immediately accepting Fintech.
To say that 2018 was a banner year for the financial technology (FinTech) industry would be a gross understatement. While global FinTech investments grew from $19.9B to $39.4B in 2014 – 2017, in the first half of 2018 there was $41.7B invested!. The industry growth was attributed to a handful of maturing companies, but has now dramatically spread to a larger pool of firms (including rising.
FinTech merger creates Europe’s 1st full-scale digital financing and investing platform – Invesdor covering the Nordic and Finnest representing German speaking countries become new Invesdor Group With 50,000 users and a MiFID II license for 28 countries, Invesdor Group is Europe’s new, strong FinTech player
Supported by government officials, Fintech disruption has gained velocity. Just recently, Hong Kong announced the approval of the first virtual banking licenses – a task completed from consultation to.
As the sector matures we will see more consolidation, collaboration, expansion and. of AI and blockchain, 2019 promises to be another big year for fintech.
Outlook for the Texas Economy | Texas Title upward momentum. The Texas Manufacturing outlook survey (tmos) production index pushed higher in Febru-ary to near 2014 levels, when manufacturing boomed with high oil prices and a thriving state economy. The Texas manufacturing sector’s return to growth, which began late last year, mirrors trends seen across the na-tion.
1313 Innovation officially launched in 2014, the same year technical.ly launched in the Delaware market. The Dow/DuPont merger. The impact of the 2015-2017 Dow/DuPont merger on Delaware cannot be overstated.
RBI cuts repo rate by 25 bps, changes stance to ‘accommodative’; raises hopes for more cuts After keeping the repo rate on hold at. 28 of 46 participants had expected the RBI to cut the rate by 25 bps to its lowest since November 2010. Analysts had warned it could be a close call but the.
Worldpay Scoops Fintech Deal of the Year 2018 at TMT M&A Awards 6 Dec 2018 LONDON and CINCINNATI, December 5, 2018 – Worldpay Inc. (NYSE: WP; LSE: WPY) a global leader in the payment technology industry, was recently awarded EMEA Fintech Deal of the Year 2018 at the TMT Finance M&A Awards ceremony held in London.
Now in their fifth year, the TMT M&A Awards have become the global industry benchmark, recognizing outstanding deal making, advisory, financing and leadership activity in telecoms, media and technology. Vantiv, Inc. completed its acquisition and subsequent merger with UK-listed Worldpay Group plc for $11.9 billion in January 2018.