GTCR has acquired the controlling interest in Bserv, the parent company of payments firm BankServ. The all-cash transaction is expected to close before the end of August and allows GTCR to recapitalise 100% with management in support of an ambitious growth plan. The value of the deal was not disclosed. BankServ will remain structurally unchanged by the acquisition, which will retain the existing management team while strengthening the company’s financial, backing especially for acquisition.
BankServ chief executive office (CEO) David Kvederis said: “This transaction will leave BankServ well-positioned to pursue aggressive growth opportunities, both through acquisitions and expansions to our product line.”
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