Aconite has announced its acquisition of New York based Smart Commerce Inc (SCI). SCI is a smart card solutions provider focused on the Canadian and American markets. The SCI acquisition positions Aconite to meet the growing need for technology partners by banks to accommodate the 60 million EMV chip cards in use around the world. Mike Woods, Aconite’s CEO says, “The Canadian market is strategic to Aconite’s overall business plan and will accelerate plans to actively develop new business in North and South America.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.