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1st Merchant Funding
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Fiserv | March 03, 2020
Fiserv has acquired MerchantPro Express as part of the fintech giant's strategy to build up its merchant services business. Financial terms of the deal were not disclosed. A Fiserv distribution partner since 2009, MerchantPro Express provides processing services, POS equipment and merchant cash advances to firms across the US. Fiserv says the acquisition will boost its merchant services business and partner-based distribution, complementing its CoPilot, CardPointe and Clover payment technolo...
OpenFin, BMLL | May 06, 2020
BMLL Technologies announced a collaboration with OpenFin to build their Derived Data desktop application on OpenFin’s OS.
By building on OpenFin, BMLL will make its data and analytics available to OpenFin’s ecosystem of users.
The Wall Street Journal | January 30, 2020
Banks in the U.S. would no longer face limits on ownership stakes in venture capital funds under a proposal put forth on Thursday by regulators including the Federal Reserve. The proposal to remove a 3% cap on such stakes is the latest step to ease a set of regulations known as the Volcker rule, which were enacted after the 2008 crisis in a bid to strengthen the financial system and reduce the chance of taxpayer-funded bailouts....
BlackRock | January 15, 2020
BlackRock Inc.'s assets scaled $7 trillion for the first time, putting the spotlight on the world's largest money manager's growing reach. The investment giant took in $128.8 billion in net new money in the fourth quarter of 2019, where exchange-traded funds drew big inflows. That is up from the $49.8 billion in net flows in the year-ago period. BlackRock's quarterly net profits rose 40 percent to $1.3 billion. The company's fourth-quarter earnings of $8.29 a share exceeded W...
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