CHOLAMANDALAM INVESTMENT AND FINANCE C

Financial Management

Synapse and Lineage Bank | August 22, 2022

Synapse Financial Technologies Inc., a banking-as-a-service (BaaS) platform that increases access to best-in-class financial products, and Lineage Bank, a developing, traditional community bank based in Franklin, Tennessee, today announced a partnership to enable fintech companies and other non-banks to build and deliver innovative financial apps and services. “We are thrilled to welcome Lineage Bank as part of our multi-bank strategy, enabling us to serve fint...

SoftBank | February 28, 2020

Elliott Management Corp is pressing SoftBank Group Corp (9434.T) for details of nearly-$10 billion of investment securities on its balance sheet, as part of its campaign to improve the value of the Japanese conglomerate in which it holds a stake, sources said. The $40 billion hedge fund, one of the most powerful activist investors, has a $3 billion stake in the company and is trying to push for changes after SoftBank’s bet on start-ups such as space-sharing firm WeWork soured. SoftBank&rsq...

Financial Management

Jack Henry & Associates, Inc. | September 05, 2022

Jack Henry & Associates, Inc.®m announced today that it has closed its previously announced acquisition of Payrailz, adding the company's next-generation digital payment capabilities to Jack Henry's payments ecosystem. Payrailz provides cloud-native, API-first, AI-enabled consumer and commercial digital payment solutions and experiences that enable money to be moved in the moment of need. Acquiring Payrailz supports Jack Henry's technology modern...

Santander | March 13, 2020

Banco Santander is to acquire a majority 50.1% stake in Spanish trade finance software house Mercury TFS through a €30 million investment. Santander has used Mercury TFS’s services in Spain, Mexico, Chile and Germany for years, helping customers to manage their entire trade finance activity online or via mobile phone. The bank's businesses in the UK and Portugal will begin using it at year-end through Global Trade Services (GTS), Santander's global trade platform. The head of ...