Moelis & Company

Morgan Stanley, E-Trade | February 20, 2020

Morgan Stanley is buying E-Trade in a $13 billion, all-stock deal announced Thursday, bringing more consolidation to the brokerage market and giving the investment bank to the rich a foothold with a more mainstream clientele. The deal, which is the biggest takeover by a major U.S. bank since the 2008 financial crisis, combines Morgan Stanley’s prowess and client-facing resources with E-Trade’s more than 5 million customers, with more than $360 billion in retail trade assets, the comp...

Payments

Finexio | August 27, 2021

Finexio, the Orlando-based AP Payments-as-a-Service company, today announced an oversubscribed $8 million growth round. The fintech company will use this institutional funding to accelerate growth in key industry verticals including higher education, hospitality, healthcare, and manufacturing, board new AP and procurement software distribution partners, and expand its leadership team. Finexio powers B2B payments infrastructure for three of the world's top 15 largest accounts p...

Google | April 20, 2020

Google could soon follow Apple in launching its own branded payments card, according to TechCrunch. The tech giant is developing physical and virtual debit cards that would be co-branded with financial services players, including Citi and Stanford Federal Credit Union. These two firms were floated in a November Wall Street Journal report on a possible Google checking account, code-named Cache. Cache was initially expected to launch early this year but has yet to materialise ...

Cision PR Newswire | October 05, 2020

Broadridge Financial Solutions, Inc. A global Fintech leader, has announced a collaboration with PPI AG, the Hamburg, Germany-based payments consultancy and supplier, to launch a joint payments initiative for banks and financial institutions in Europe. Many banks are currently facing major challenges in payments processing, driven by recent and ongoing market changes, such as the implementation of PSD2, SEPA ISO migration, TARGET2 and SWIFT ISO20022 migration, while also responding to national p...