Metavante Technologies has acquired London-based Nomad Payments, a provider of prepaid and debit card processing and licensed software. Nomad will now operate as Metavante Technologies. The acquisition is expected to add approximately 1% to Metavante’s 2008 revenue and have no significant impact on the company’s profitability in 2008. The purchase price was approximately £29m. The purchase of Nomad gives Metavante a European centre of operations. The company says that it sees significant market opportunities in areas such as financial institutions, retailers, government agencies, programme managers, open loop gift cards, professional organisations and affinity groups. TowerGroup estimates that by 2010, prepaid card usage will be €75bn, a 600% increase over 2005, and 375 million cards will be in circulation, a 1,000% increase.
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