CW & Associates – which trades as DataFlow Services – has been acquired by Trintech Group for approximately $5 million. The consideration comprised initial cash consideration of $3 million,150,000 American Depositary Shares (ADSs) issued from Trintech Treasury Shares, with an approximate value of $570,000, and a performance based earn out over two years, which is estimated at $1.5 million. DataFlow provides a data delivery service supporting customer’s bank reconciliation processes. Commenting on the acquisition, Cyril McGuire, CEO of Trintech said, ‘This acquisition of DataFlow is another step in Trintech’s growth strategy in the funds and cash management market.’
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more