Sterci, a financial messaging technology company, has acquired a majority shareholding in Simplex, a global transaction services provider. The acquisition represents a consolidation of the joint Sterci/Simplex Global Transaction Platform, with the two companies boasting an integrated technology stack with an installed base of over 240 banks, financial institutions and corporate customers in 19 countries with a global reach spanning four continents.
The majority 51% shareholding builds upon the 25% equity stake Sterci acquired in Simplex in 2009.
Simon Kalfon, chief executive officer (CEO) of Sterci, said: “Bringing Simplex within the Sterci Group is excellent news for both companies and allows us to better develop our market-leading unified service solution. The acquisition will bring multiple operations centres to our Global Transaction Platform and lays the foundation for the further expansion of our global customer base. Both companies have worked very well together as partners, and through acquiring a majority stake in Simplex, we are now even better placed to address global market opportunities.”
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