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
Citi has announced the launch of a new platform, CitiDirect® Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients. This is part of Citi’s significant strategic investment plan to meet the growing global needs of these clients by delivering a single-entry point digital platform. CitiDirect® Commercial Banking brings together Citi’s global
Banks have started to send $13bn in cash backing Elon Musk’s takeover of Twitter according to people familiar with the matter, the latest sign the $44bn deal for the social-media company is on track to close by the end of the week after months of twists and turns. Musk late on 25 October sent a
Commonwealth Bank (CBA) has become the first major Australian bank to enable PayTo payments for CBA customers – a new digital way to authorize payments from a CBA bank account, and the latest initiative from New Payments Platform Australia (NPPA). Eligible CBA clients will be able to manage one-time or recurring new PayTo payment agreements
Open APIs and fintech innovation could intersect when open banking first spread over the Asia Pacific and the rest of the world. As a result, the usage of APIs to integrate financial services into non-financial platforms quickly expanded, giving rise to embedded finance as it is known today—a crucial component of contemporary digital services. Nevertheless,
Twitter is contemplating legal action against Tesla and SpaceX CEO Elon Musk over his decision to terminate a USD 44 billion takeover deal. As per The Hill, the microblogging site has hired a large New York-based law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Musk. Twitter will file its lawsuit
Elon Musk talks to the FT about Twitter, Tesla, and Trump.
The Tesla shares sale came after Elon Musk earlier this week clinched a deal to buy Twitter for $44 billion cash. Elon Musk sold 4.4 million Tesla shares on Tuesday and Wednesday, according to the filings. Tesla Inc Chief Executive Officer Elon Musk sold $4 billion worth of shares in of the electric vehicle maker,
Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics, and opines on a wide range of issues to more than 83 million followers. “We
