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Diebold Nixdorf to sell legacy Diebold business in UK to Cennox
Following the completion of the acquisition, the company plans to integrate Wincor Nixdorf U.K. and Ireland business into the global…
BlackRock to acquire financial technology provider Cachematrix
Financial terms of the deal were not disclosed. Presently, Cachematrix supports client assets worth about $200bn through relationships with many of…
Fit Pay to power payments on token
Token will begin shipping to users in December 2017. "Innovative devices like Token are transforming the payment experience for consumers by combining secure authentication…
Citi introduces online platform for custody and fund services
The platform consolidates and analyzes data across multiple Citi Custody and Fund Services (CFS) products and will be expanded to…
European bank consortium selects IBM to build blockchain-based trade finance platform
The platform is aimed at simplifing and facilitating domestic and cross-border trade for small and medium enterprises in Europe. To develop the platform,…
Visa agrees to invest in online payments firm Klarna
Klarna is one of Europe's fastest growing online payments companies, serving 60 million consumers and 70,000 retailers. The equity investment…
Allianz divests stake in Oldenburgische Landesbank
Allianz already announced a possible sale of OLB on September 27, 2016. Bremer Kreditbank AG agreed to purchase the OLB…
ECB to develop service for instant payments settlement
The new service, TARGET instant payment settlement (TIPS), is expected to start operating in November 2018. It will allow citizens and…
Bank of the West opens new branch in California
The branch, one of the first to open with new Bank of the West logo and signage after the bank's…
Payfirma introduces white label payment processing platform
The cloud-based technology enables financial institutions to fully rebrand Payfirma's platform and launch their own merchant services platform with their…