News

The acquisition will help South Plains Financial to strengthen its presence in Texas with 26 branches and 13 mortgage production offices South Plains Financial (SPFI) has agreed to acquire West Texas State Bank (WTSB) in a deal valued at around...

UK-based fintech company FNZ has acquired JHC Systems, a provider of software services to the wealth management industry, for an undisclosed amount. Based in London, JHC provides the core technology platform to several UK and Ireland’s wealth managers and platforms...

Digital payments major Visa has acquired Germany-based payment gateway software provider Payworks for an undisclosed sum. Based in Munich, Payworks is a provider of next-generation payment gateway software for the point of sale (POS). The acquisition will allow Visa to offer...

Integrated payments company American Express has introduced its new Blue Business Cash Card for small businesses. The new Blue Business Cash Card comes with no annual fee, provides 2% cash back on eligible purchases and supports business owners to manage...

The Canadian Imperial Bank of Commerce (CIBC) in collaboration with Intuit Canada, Xero and payroll software firm Ceridian has launched a new banking platform, CIBC Smart Banking for Business, which will help SMEs boost their efficiencies. Touted to be first-of-its-kind...

Comdata, a FLEETCOR company, highlighted its recent acquisition of SOLE Financial, a payroll card provider enabling instant, affordable wage access for workers. Originally announced, the acquisition will extend Comdata’s industry leadership in payments by expanding the addressable market for its...

BNP Paribas Asset Management  announces the appointment of Ulrik Fugmann and Edward Lees as Senior Portfolio Managers, based in London. They joined on 17 June and report to Guy Davies, CIO of Equities. They will manage a global long-short sustainability-themed...