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800 Citi staff will join NAB's workforce when the deal closes in March next year. Find out more. 
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Canadian payments firm Nuvei has agreed a $250 million cash deal to acquire Simplex, a fintech startup providing fiat infrastructure to the cryptocurrency industry.
Vineet Anand's insight:
Nuvei purchase of Simplex to offer EMI license and access to Visa network to expand product services
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Morgan Stanley has agreed a deal to buy online discount brokerage E*Trade Financial in an all-stock deal worth around $13 billion.
Vineet Anand's insight:
E*Trade 5.2 million client accounts have a new home in Morgan Stanley with their $13billion acquisition
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Ally Financial has struck a $2.65 billion deal to buy CardWorks, enabling it to enter the credit card and merchant acquiring sectors.
Vineet Anand's insight:
Ally expands its business model with a $2.65B acquisitions of CardWorks giving it access to more than 11 million customers
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It’s a race to the top in the international payments industry.
Vineet Anand's insight:
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!
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Indian-headquartered Financial Software and Systems (FSS) has acquired a 46% stake in Standard Bank's South African payment processing subsidiar
Vineet Anand's insight:
Ecentric has a new 46% stakeholder from FSS.
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Mortgage finance software house Ellie Mae is to be acquired by private equity firm Thoma Bravo for $3.7 billion.
Vineet Anand's insight:
Ellie Mae gets acquired by private equity firm! Macroeconomic conditions reflecting overall housing sales of existing and new homes slowing down. Thoma Bravo must have a long term vision to create greater value.
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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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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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NAB's acquisition of Citi retail gives it access to 1 million credit card customers, and $24 billion book of mortgage, unsecured lending and retail deposits plus private wealth management operations. A 30 month TSA will give NAB time to integrate the operations with its tech.