It’s a race to the top in the international payments industry.
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Payments Ecosystem
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by
Vineet Anand
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The American Bankers Association (ABA), Accenture Ventures, and SunTrust Bank have joined in a $30 million financing round for SaaS-based core banking startup Finxact.
Vineet Anand's insight:
Finxact core banking startup raises $30 million, launched by ex-FiS executives. Past week, Lloyds invested ~PS11 million for Thought Machine for its core banking implementation whilst taking stake in the company!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Leadership & Communication
Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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World Economy News
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Making sense of FIS purchase of Worldpay.. FIS being the largest financial tech provider and Worldpay by transactions is largest. Combined will deliver $12B in revenues and ~$5B EBITA.
Organic growth of ~8 to 9% in 3 years with revenue synergies will deliver $15B.
Worldpay will give access to FIS in emerging markets like Brazil and India, create operational synergies, and fund additional value creation opportunities.
FIS bet with Worldpay aims at capturing a larger pie of the $3 Trillion eCommerce payments, and emerging markets right at the heels of Fiserv's announcement earlier this year!
This positions TYS, Global Payments for potential acquisition as consolidation in Payments ecosystem thrives!