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Elavon Spends $300M For Sage Pay

PYMNTS

Elavon was acquired by US Bancorp in 2001 for $2.1 This acquisition brings tremendous talent and leading technology to Elavon, which can be leveraged across the European market.”. With Sage Pay, Elavon has increased its market share in the U.K. billion and is active in 10 countries. and Ireland. “We

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K., leading the investment.

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Bitcoin Daily: SWIFT India Teams With Blockchain Startup; Giga Watt Files For Chapter 11 Bankruptcy

PYMNTS

SWIFT India , a joint venture between SWIFT SCRL and several banks, plans to test distributed ledger technology (DLT) in partnership with blockchain startup MonetaGo , Cointelegraph reported. The FinTech firm’s technology will reportedly work with SWIFT’s standardized financial messages, which serve the market in India.

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Banco BASE Taps Volante For Payments; Azimo Receives Dutch Central Bank License

PYMNTS

Coverage includes Mexico ‘s Banco BASE selecting Volante Technologies Inc. Azimo says it has received a license from the Dutch Central Bank to operate in the Netherlands, Cubic Transportation Systems has notched a contract for a mobile ticketing system in Ireland , and Bear Market Coffee in Ireland has gone cashless.

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SWIFT India Teams With Blockchain Startup, Giga Watt Files For Chapter 11 Bankruptcy

PYMNTS

SWIFT India, a joint venture between SWIFT SCRL and several banks, plans to test distributed ledger technology (DLT) with the help of MonetaGo, Cointelegraph reported. The FinTech firms technology will reportedly work with SWIFT’s standardized financial messages, which serve the market in India.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. Government Accountability Office has said that there has been growth in small business lending, as measured across 2001 to 2017. .

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He who hesitates…?

Celent Banking

Secondly, it’s not just private equity firms interested, but big technology firms such as Google who are considering buying them as well. With perhaps the golden age of fintech firms upon us, banks ought to be taking an even more proactive approach. So why the post today?

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