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Payments
Global Processing Services | October 14, 2021
Global Processing Services (“GPS”), the leading global payment technology platform, today announced it has raised over US$300 million from Advent International (“Advent”) and Viking Global Investors (“Viking”), who will co-control the company. The investment by Advent will be funded through Advent Tech and Sunley House Capital, an affiliate of Advent. GPS’ API-first payment technology platform enables innovative card programmes for the wor...
Financial Management
PolySign | April 18, 2022
PolySign Inc. announced signing an agreement to acquire MG Stover for a combination of cash and PolySign stock. The acquisition is a part of its ongoing efforts to improve the quality and breadth of digital asset infrastructure available to institutional investors. MG Stover is the industry trendsetter in digital fund administration, with an impressive client base record of more than $40 billion in digital assets under administration. By doing this, it has become the world's largest industry...
Wall Street | February 26, 2020
U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus. Marquee companies including Apple Inc, Microsoft Corp and Amazon.com were some of the biggest boosts to the S&P 500, rising between 1.6% and 3%. Ten of the 11 major S&P sectors were in the black, with technology leading the charge with a 2.4% gain. The energy sector dipped 0.2%. “There h...
Fintech
United Fintech | November 23, 2021
As a first transaction in a multi-stage acquisition towards full ownership, United Fintech has acquired a 25% stake in London-based FairXchange (the “Company”) for an undisclosed amount in a transaction integrating the Company, its products and employees onto its digital platform. Trading firms use FairXchange’s state-of-the-art analytical tools to facilitate data-driven dialogue with their counterparties, bringing clarity and transparency to execution performance through the p...
Security and Compliance
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