Event brings insurance leaders together to share strategies for growth, agility, and business impact
Global Payments to Acquire Worldpay, Divest Issuer Solutions
April 18, 202514 min
Global Payments Inc. , a leading worldwide provider of payment technology and software solutions, announced definitive agreements to divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net purchase price of $22.7 billion, or total value of $24.25 billion including $1.55 billion of anticipated tax assets. This reflects a 12.3x adjusted EBITDA multiple for Issuer Solutions and an 8.5x adjusted EBITDA multiple for Worldpay on...
Hale Capital Partners Acquires Majority Stake in Athenium
November 11, 20244 min
Hale Capital Partners (“Hale Capital”), a NY-based private growth equity firm, led a cooperative recapitalization through which it acquired a majority stake in Athenium, a leading provider of innovative risk and quality management solutions for insurance, finance and government sectors. Hale Capital is a growth-oriented private equity fund that recently raised its sixth pool of capital focused on federal and dual use technology solutions as well as commercial special situations. As a DoD Trusted Investor,...
B2Broker Announced the launch of B2Prop
July 10, 20247 min
Proprietary trading, or “prop trading,” is quickly emerging as a significant trend within financial domains. The global prop trading industry, valued at USD 6.7 billion in 2020, is anticipated to observe a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The burgeoning interest is self-evident, with the search demand for “prop firm” ascending by 8,409% between January 2020 and March 2024. In line with the growing demand for prop trading and the consequent need for...
Majesco secures Coveted Spot on InsurTech100 List
September 22, 20233 min
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced that it was selected by specialist research firm, FinTech Global, as a top 100 InsurTech company transforming the insurance industry. In its sixth year, FinTech Global unveils the InsurTech100 list that celebrates groundbreaking tech companies that are developing solutions to the insurance industry’s most pressing challenges. Insurance companies continue to grapple with transforming, optimizing and innovating the business model, business processes,...
FinTech Interview with Christophe Gauthron, Founder and CEO of Kwanti
September 12, 202318 min
Fintech News – The Latest News in Financial Technology.
Patent-Pending AI-Powered Tool, VAIDA™, Transforms Regulatory Compliance
The blockchain and cryptocurrency market has achieved impressive strides this year. The first decentralized cryptocurrency, Bitcoin, was created in 2009. Now, the burgeoning popularity of various cryptocurrencies has resulted in major financial institutions, like banks, paying attention to developments in the crypto market. As a result of the recent crypto boom earlier this year, many companies and organizations have become noticeably more open to blockchain technology and cryptocurrencies. For example, Square, Inc. reported earlier this...
Global Payments Announces Strategic Partnership with Desjardins Group in Canada
November 2, 20193 min
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced an agreement with Desjardins Group, the leading cooperative financial group in Canada, to acquire its existing merchant acquiring business and portfolio of approximately 40,000 merchants. As part of the transaction, Global Payments will enter into an exclusive 10-year marketing alliance agreement under which Desjardins will refer members to Global Payments for payment technology and acquiring solutions. Desjardins Group...
Alliance to enable financial organizations to reduce loan closing time