Fundtech has announced the closing of its acquisition of Prang GmbH (Prang), a provider of payments software located in Frankfurt, Germany. Under the terms of the definitive agreement, Fundtech will pay €4.0m in cash at closing and an additional amount of up to €4.0m in cash will be paid over the next four years, based on the financial performance of Prang. Significant changes are underway in the payments landscape in Europe including the single euro payments area (SEPA) and TARGET2. Together with Fundtech’s SEPA payment system offering for larger banks in this market, Prang’s SEPA products will further enhance Fundtech’s market reach. Prang reported un-audited revenues of €2.5m for the 12 month period ended 31 December 2006.
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