USA > Britain based iam bank opens up its global headquarters in Chicago, Illinois

iam bank Founded by Irish entrepreneur, Lee Travers, Britain based iam bank opens its global headquarters in Chicago, Illinois. Iam provides both digital and physical banking and plans to grow to 35 employees. With special focus on technology savvy millennial customer base, iam provides personal banking with financial technical tools such as mobile apps, machine learning algorithms and chatbots tailored products to More …

AUSTRALIA > Hong Kong’s Vistra Expands to Australia with the Acquisition of Foster Raffan’s Unit

vistra Vistra, a Hong Kong based service providers of international incorporations, trust, fiduciary, private office, and fund administration services, has announced the acquisition of the Compliance division of Foster Raffan, a chartered accounting firm based in Sydney, Australia. The Foster Raffan’s team of 17 staff will all join Vistra. According to Vistra, with this acquisition it can now support firms in wider More …

INDIA > Japan’s Softbank invests $1.4 Billion in Paytm, a company also invested by China’s Alibaba

paytm logo Paytm has raised $1.4 billion from Japanese conglomerate SoftBank Group Corp valuing the company to estimated $8 billion. According to the company’s email, the funding into One97 Communication (parent company), which operates the Paytm brand, will help the startup expand its user base of 220 million and build further offering of financial services products. Paytm plans to invest Rs 10,000 crore More …

USA > France based Suez Finances and Canada’s pension fund manager ‘Caisse de Depot et Placement du Quebec’ to acquire GE’s Water Unit for $3.4Bn

SUEZ_ENVIRONNEMENT France based Suez Finances and Canada’s pension fund manager ‘Caisse de Depot et Placement du Quebec’ is set to acquire GE’s Water Unit for €3.2Bn ($3.4Bn). In the deal Suez will hold a 70 percent stake while Caisse de Depot et Placement du Quebec, Canada’s second-biggest pension fund manager, will hold the rest. The transaction is expected to close by More …

USA > Japan’s SoftBank Group to acquire Fortress Investment for $3.3Bn

Softbank_mobile_logo.svg Japan based SoftBank Group to acquire Fortress Investment Group for $3.3 billion. The all-cash deal will help Fortress shareholders receive $8.08 per share when the transaction is closed. Financial advisers for SoftBank was JP Morgan Securities whereas Morgan Stanley & Co advised Fortress Investment Group.   About Fortress InvestmentFortress Investment Group is an investment management firm based in New York City. As of June 30, 2016, More …

USA > Alibaba’s Ant Financial to acquire MoneyGram for $880Mn

images Chinese ecommerce Giant-Alibaba’s Subsidiary-Ant Financial to acquire U.S. based payment firm MoneyGram for $880Mn. Ant Financial is expected to pay $13.25 per share for the acquisition. The deal will close in second half of 2017 after meeting all regulatory approvals. MoneyGram currently has 350,000 outlets and operates around 200 countries worldwide. For this deal Ant Financial’s financial adviser is Citi and More …

CANADA > US based PayCommerce expands to Canada with Global Research and Development Center in Ontario

pay_commerce New Jersey based cross-border payments network and banking consortium, PayCommerce announced it has opened new offices in Ontario. The Canadian office will also be its Global Research and Development Center. Earlier PayCommerce also had announced that Tritium Partners were investing $22 million in the company. This may have given them boost in aggressive expansion for Research and Development Center in More …

INDIA > BNP Paribas Acquires 100% of Sharekhan – Online Financial Portal

sharekhan The Foreign Investment Promotion Board of India has approved the 100% acquisition of Sharekhan – a web based portal for online trading, investments and stock marketing – by BNP Paribas SA France and/or one or more of its French subsidiaries. Sources confirm the acquisition cost to be Rs 2,060 crore or approximately US$ 310 Million. With this BNP Paribas would also be acquiring Human More …