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FIS sells Worldpay to GTCR at $18.5b valuation


FIS, a global financial services technology company, has announced that it has entered into an agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction that valued Worldpay at $18.5 billion. The agreement will allow for more centralized management and simplified operations for

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Marqeta announces expansion into Brazil with Fitbank partnership


Marqueta, a global card issuance platform, has announced an expansion into Brazil. The company cooperates with Latin American banking platform Fitbank and certifies the network with Visa As part of Marqeta’s partnership with Fitbank, the company will be a Marqeta customer, use it as a payment processor, and will act as a BIN sponsor for

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FundingShield partners with Mastercard to leverage its open banking platform


FundingShield, a cloud-based company providing FinTech solutions for risk management, compliance, and fraud prevention, has partnered with Mastercard to leverage an open banking platform run by Finicity, a Mastercard company provide. “FundingShield has over 95% coverage of licensed service providers in the real estate, mortgage, closing and settlement space in our live repository. This partnership

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Calastone partners with Schroders to make tokenization a reality


Calastone, the world’s largest fund exchange network, today announced a partnership with Schroder to explore the potential of a tokenized investment vehicle for open companies (SCV). This partnership follows Calastone’s multi-year investment in distributed ledger technology (DLT) and cryptography, with the ultimate goal of creating and distributing tokenized investment vehicles through infrastructure. Calastone’s DLT marketplace.

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Iberbank and CaixaBank launch payment platform partnership


After receiving respective approval certificates from EPC1, CaixaBank and Iberpay announced that their respective payment technology platforms are ready to launch, from June 22, First SEPA Payment Request in Europe. At the same time, CaixaBank, which has become the first bank in Europe to receive a Payment Claims approval certificate from the EPC, is about

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Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions


Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide. Citi TTS continues to migrate its solutions, services, and infrastructure to create “always on” capabilities aimed

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Blackstone Completes Acquisition of Cvent


Cvent Holding Corp., an industry-leading meetings, events and hospitality technology provider, announced the completion of its acquisition by an affiliate of private equity funds managed by Blackstone for $8.50 per share in cash, representing a total enterprise value of approximately $4.6 billion. The transaction, previously announced on 14 March 2023, includes a substantial minority investment

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Toast picks FreedomPay as preferred payments gateway partner


FreedomPay, the world’s first standalone commerce platform, and Toast, an all-in-one digital platform designed for the entire restaurant community, have signed a partnership agreement for FreedomPay to become a gateway partner FreedomPay Toast’s preferred payment for certain corporate brands. Toast will be able to offer its cloud-based digital restaurant platform to leading corporate merchants in

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UBS completes Credit Suisse acquisition


UBS has completed the acquisition of Credit Suisse today, crossing an important milestone. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group. Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules Combined entity now operates as consolidated

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UKG Transforms Multi-country Payroll with Agreement to Acquire Immedis from CluneTech


UKG announced an agreement to acquire Immedis. With the acquisition, UKG will launch UKG One View to modernize and transform multi-country payroll for multinational businesses by delivering unprecedented flexibility, real-time visibility, uniform controls, and an exceptional employee experience – all regardless of in-country provider. To transform multinational payroll with the smartest and most flexible HCM

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Origin Acquires Finny to Fill a Critical Gap in Workplace Financial Education


Origin, the startup reimagining financial wellness in the workplace, announced it has acquired Finny, a financial health startup. Origin will integrate Finny’s financial education, content, curriculum, and debt management tools into its financial wellness platform addressing the urgent need for improved financial literacy. Money is the number one source of stress – more than work, health and