Hints and tips:
Payments industry fails to live up to the hype, but generation rent’s pain restores credibility
...Notable holdouts include Fidelity Investments and Pimco, both based in the US. Vanguard said the move had been in the works for several months....
...That means we actually have fairly detailed information about just how lucrative the industry is....
...He added that some were able to provide information that allayed the state’s concerns....
...Just four years ago, Fidelity National Information Services, known as FIS, merged with another fintech, Worldpay, valuing the latter at $43bn....
...US financial technology group Fidelity National Information Services has agreed to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR, valuing the business at up to $18.5bn...
...US: new home sales figures Results: Bank of Ireland FY, Bunzl FY, Domino’s Pizza Q4, Fidelity National Information Q4, SBA Communications Q4, Zoom Q4 Tuesday Bank of England deputy governor David Ramsden...
...Private equity groups are exploring buying a majority stake in payments provider Worldpay from Fidelity National Information Services at a valuation of more than $15bn in what would be one of the largest...
...Formally known as Fidelity National Information Services, the company acquired Worldpay in 2019 to create one of the largest providers of financial infrastructure that underlie the bank payments sector....
...Fiserv did its own big 2019 deal to enter merchant services, a $39bn deal to combine with First Data, a Worldpay competitor....
...Now 61, she works as an executive coach after a successful career in the Irish prison service....
...DD can see why FIS, formally known as Fidelity National Information Services, might have felt the pressure to make a deal....
...US financial software and services group Fidelity National Information Services (FIS) has unveiled plans to spin-off Worldpay, the merchant payments business it acquired for $43bn just four years ago....
Integration was difficult but the deal itself had always been misguided
...Mike The news first reported by The Information; a company spokesman declined to comment etc. Here is the FT’s write-up of the news....
...Chicago-based private equity investor GTCR on Thursday set a new bar for ambition in today’s challenged takeover market with a deal to buy a majority stake in Worldpay from Fidelity National Information...
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...There’s a growing trend of ride-hailing companies expanding into food delivery and other “on demand” services, but competition is fierce and no one’s found the magic formula yet....
...Anne Richards, Fidelity International CEO, comments monetary transmission mechanisms may be further compressed. Sign up to our #fintechFT newsletter for the industry latest....
...US brokerage Fidelity said those who used its educational tools, such as games for younger investors and a YouTube channel, were more likely to trade afterwards....
...This equates to 23 times this year’s ebitda, a premium to an information services sector trading closer to 20 times. Deutsche Börse’s own shares trade at a steep discount to those of LSE....
...go marching in (FT Lex) Norwegian Air Shuttle files for protection from creditors (FT) Jack Ma’s investment firm raises $3bn as foreign capital chases China (The Information) UK electric vehicle group...
...of billions of dollars in shareholder value following the grounding of the 737 Max will prompt big investors to push for more information on whether Boeing’s lobbying had a role in creating a friendlier...
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