Company Statements

NXGEN International, a merchant service provider (MSP), has acquired Kentucky-based payments company Payment Plus (PPI) for an undisclosed price. Founded in 1999, PPI is an electronic payment processing provider, headquartered in Paducah. It provides electronic payment processing services and equipment...

Royal London has licensed Willis Towers Watson’s Radar Live quotation software for use in its protection business, making it the first UK company to use the software for life insurance business. Royal London are now also using Radar Live to...

Chinese fintech solutions provider Pintec has been selected by East West Bank to provide digital banking services and support the bank in its digital transformation. Under the present agreement, Pintec will apply its big data and artificial intelligence technologies to...

The Bank of N.T. Butterfield & Son has agreed to acquire ABN AMRO Bank’s Channel Islands-based banking business for about £161m ($208m) in an all-cash deal. The Bermuda-based Butterfield expects the acquisition of ABN AMRO Channel Islands to create an...

Philippines-based BancNet has entered into an agreement with Mastercard to tap into the real-time payments technology of Vocalink to enhance the capabilities of InstaPay, a Filipino retail payments system. BancNet, which is an interbank network that connects the ATM networks...

Nutmeg, the UK’s largest digital wealth manager, is expanding into Asia, announcing the launch of its first strategic partnership, in a deal with Taipei Fubon Bank. Since launch in 2012, Nutmeg has amassed more than 70,000 UK customers and its...

Digital money transfer service WorldRemit has launched international transfers to UnionPay debit cards in China. The Chinese diaspora living in over 50 countries, including the USA, UK, Canada, Australia and Singapore, can now send money to any China UnionPay debit...