Tagged: mergers

Can Fintech Retain its Spirit of Innovation as Consolidation Spreads Through the Market?

  M&A activity in Fintech hit record levels last year with companies around the world raising an eye-watering $132 billion, according to CB Insights’ 2021 State of Venture Report. We saw big deals, lots of firms going public, mergers left, right & centre, and Fintech… Read More

Accuity and LexisNexis Risk Solutions to Merge Operations, Will Provide Global Financial Crime Compliance Solutions

Accuity and LexisNexis Risk Solutions have confirmed that they’re planning to merge their business operations. Accuity will reportedly become a part of the LexisNexis Risk Solutions Group which currently operates in over 100 different countries. Both companies are a part of RELX, a multinational provider… Read More

SPACs: US Fintech Payoneer Set to Go Public via a Special Purpose Acquisition Company led by Bancorp’s Betsy Cohen

Nearly 300 SPACs are currently seeking deals with $90 billion in available cash. Fintech firm Payoneer is also planning to go public through a SPAC that will reportedly be led by Bancorp founder Betsy Cohen. Payoneer’s management noted that they intend to merge with a… Read More

Aspiring Online Lenders backed by Established Corporates are More Likely to Secure Virtual Bank Licenses than Standalone Challengers: Report

Digital banking or the use of online services and platforms may have been accelerated due to the COVID-19 outbreak, which had led to many countries enforcing nationwide lockdowns. While many countries are now beginning to “re-open” their businesses, the Coronavirus crisis has led to major… Read More

Report: Majority of US-based Credit Unions Prefer Merging With Banks and Fintechs, Rather than Other Credit Unions

The majority of US-based credit unions seeking mergers intend to work with banks or Fintech firms, instead of merging with another credit union, according to a recent study by Chicago-based consulting company West Monroe Partners. West Monroe noted in its report: “Credit union leaders feel… Read More

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