Meet the new King of the Fintech Hill: FIS. Today, FIS effectively became the largest financial services technology company in the world by revenue, as it agreed to acquire SunGard for $9.1 billion. Just consider these stats for the new FIS: $9.2 billion of pro forma revenue (FY 2014); 90%Read More
Post Tagged with: "SunGard"
APIs from Xignite, which provides back-end data integration much as Stripe provides payments integration, are powering, well, a lot of financial services ventures. Today, blogger Jim Bruene (@netbanker) tweeted that Xignite APIs are used by 40 startups that have previously presented at Finovate. Xignite lists a total of 55 companiesRead More
Financial technology company Mambu will introduce its new custom-built cloud-based banking platform at Finovate Asia in Singapore tomorrow. The company began in the microfinance space and found the software offerings there limited. The high-end players used core banking platforms that inhibited them from moving downmarket, and the low-end players used spreadsheets andRead More
“The mobile phone is likely to be the basic bank account of the world by the next decade,” wrote Brett King in his new book, Bank 3.0. It appears that that transition will cost financial institutions less — to the chagrin of tech vendors. Sources tell Bank Innovation the price vendorsRead More