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Deutsche Börse to acquire Allfunds in €5.3bn transaction
Yahoo Finance· 2026-01-23 11:23
Core Viewpoint - Deutsche Börse Group has agreed to acquire Allfunds for €5.3 billion ($6.2 billion), offering shareholders €8.80 per share, which includes cash, newly issued shares, and potential dividends [1][2] Group 1: Transaction Details - The acquisition price represents a 32.5% premium over Allfunds' closing share price of €6.64 on November 26, 2025, and a 40.3% premium compared to the three-month average price of €6.27 per share [2] - The deal aims to merge Allfunds' fund distribution business with Deutsche Börse Group's Clearstream Fund Services operations [2] Group 2: Strategic Rationale - Both companies believe their expertise and client bases are complementary, allowing the merged entity to operate across a broader range of markets [3] - Allfunds CEO Annabel Spring emphasized the opportunity to create a world-class player with global reach and local relationships, enhancing support for distributors and fund partners [4] Group 3: Financial Projections - The transaction is expected to yield cost efficiencies and enhanced services in fund distribution, custody, settlement, data, and regulatory reporting [5] - Deutsche Börse Group projects "double-digit revenue growth potential" for the combined business in the mid- to long-term, with high "single-digit accretion" to cash earnings per share anticipated within the first full year post-closing [5] Group 4: Regulatory and Future Outlook - The completion of the transaction is subject to regulatory approvals and is expected in the first half of 2027 [6] - Deutsche Börse Group's CEO believes the combination will create a leading business in the sector, better serving client needs and supporting the development of the funds sector globally [6]
Options Sets the Benchmark for Liquid-Cooled High-Density Infrastructure as a Managed Service Provider in Equinix NY5
Businesswire· 2026-01-23 10:29
Core Insights - Options Technology has deployed a new liquid-cooled high-density cage at Equinix's NY5 data center, enhancing its position in providing advanced colocation solutions for financial services clients [1][3] - The deployment is part of Options' strategy to meet the increasing demands for compute power in financial services, driven by real-time analytics, AI, and machine learning [2][3] - The liquid-cooled infrastructure allows clients to handle intensive workloads with improved thermal stability, lower energy consumption, and enhanced resilience [2][3] Company Developments - Danny Moore, President & CEO of Options, emphasized the need for environments that support higher density and performance, highlighting the company's commitment to advanced infrastructure [3] - The expansion at NY5 aligns with Options' long-term vision to expand its presence in major financial hubs globally and reflects a broader industry trend towards sustainable, high-density compute architectures [3] - Recent milestones for Options include the launch of PrivateMind, an AI environment, and recognition as Equinix Emerging Partner of the Year [4] Industry Trends - The financial services industry is increasingly adopting high-performance computing solutions that incorporate advanced cooling technologies to meet growing compute demands [2][3] - The collaboration between Options and Equinix exemplifies the integration of high-performance compute with interconnection ecosystems, providing a competitive advantage for clients [3]
Openmarkets enters agreement to combine with Lake Superior Acquisition Corp.
Prnewswire· 2026-01-23 07:32
Core Viewpoint - Openmarkets Group Pty Ltd has entered into a merger and business combination agreement with Lake Superior Acquisition Corp, which will lead to Openmarkets becoming a Nasdaq-listed company with an estimated enterprise value of USD 300 million upon completion of the transaction in 2026 [1][2]. Company Overview - Openmarkets is an Australian financial services and technology provider headquartered in Sydney, offering brokerage services, options risk management, and wealth management SaaS to various client groups [7]. - Lake Superior Acquisition Corp is a Nasdaq-listed special purpose acquisition company (SPAC) formed to effect a merger or business combination with one or more businesses [6][8]. Strategic Initiatives - The merger aligns with Openmarkets' strategy to expand into decentralized finance (DeFi) through cryptocurrency trading and tokenization of real-world assets (RWAs) [3][4]. - Openmarkets plans to focus on secure and compliant fractionalization of real-world assets, integrating cryptocurrency trading into its existing platform, and building a unique ecosystem of partnerships [4]. Leadership Insights - Dan Jowett, CEO of Openmarkets, emphasized that the transaction will accelerate growth plans and open new sources of capital while establishing a presence in the US market [5]. - Edward Cong Wang, CEO and Chairman of Lake Superior, stated that the merger represents a significant opportunity for Openmarkets to expand globally and build the future of open finance through DeFi [5].
Circle Backs UN Stablecoin Hub to Speed Up Global Aid
Yahoo Finance· 2026-01-23 07:03
The Circle Foundation recently announced a significant grant to support the United Nations’ Digital Hub of Treasury Solutions (DHoTS). Circle stablecoin will be used to deliver aid. This initiative aims to use regulated stablecoins to make humanitarian aid payments faster, cheaper, and more transparent. This announcement took place at the World Economic Forum’s Annual Meeting in Davos on January 21, 2026, shining a light on how cryptocurrency technology can contribute to global humanitarian efforts. By ...
Affirm and Esusu to Launch Flexible Payment Option for Renters
PYMNTS.com· 2026-01-23 03:07
Core Insights - Affirm has partnered with Esusu to allow renters to pay their rent in two installments, providing a flexible payment option for managing monthly expenses [1][2] - The program will feature 0% interest and no late fees, currently in a pilot phase without a confirmed launch date [2] - Esusu's platform utilizes rental data to build credit and enhance financial stability, covering 5 million units and reaching 12 million people, processing $100 billion in annual gross lease volume [3] Company Developments - Esusu recently raised $50 million in a Series C funding round, which will be used to scale its payment method, Esusu Pay [4] - BLDG Partners, a real estate operator collaborating with Esusu, noted that the offering provides flexibility to residents, reducing financial strain [5] - Esusu has also partnered with Zillow to launch CreditClimb, a tool that allows renters to build credit through rent payments [5] Market Trends - Affirm reported a 30% increase in its merchant count, reaching 419,000, indicating strong demand for 0% installment payment options among various vendors [6]
Perpetuals Featured in CoinDesk for its AI-Powered Derivatives Platform
Accessnewswire· 2026-01-22 18:50
TOKYO, JP / ACCESS Newswire / January 22, 2026 / Perpetuals.com Ltd (NASDAQ:PDC) ("Perpetuals"), a provider of an AI-driven derivatives trading platform, today announced that it has been recently featured in CoinDesk, a publication covering blockchain and financial technology. The feature highlights the platform's approach to derivatives markets and its launch by industry veterans with experience in European digital asset trading and market infrastructure. ...
As SoFi Stock Drops Below $30, Is it a Buy Ahead of Q4 Earnings?
Yahoo Finance· 2026-01-22 16:28
Shares of the financial technology company SoFi (SOFI) have been under significant pressure ahead of its fourth-quarter earnings release on Jan. 30. The stock has slipped well below the $30 mark and is now trading about 21.6% below its 52-week high. Several factors have contributed to the recent weakness. The company’s $1.5 billion capital raise has raised concerns about potential shareholder dilution, while some investors appear to be locking in gains following the stock’s earlier rally. At the same time ...
Pagaya: Ratings Upgrade Into Earnings; Bullish On Pullback
Seeking Alpha· 2026-01-22 15:49
Core Insights - Pagaya Technologies (PGY) is a leading financial technology company specializing in underwriting asset-backed securities (ABS) loans, with a primary focus on personal loans and an expansion into auto and point-of-sale loans [1] Company Overview - Pagaya has established itself in the financial technology sector, particularly in the underwriting of ABS loans [1] - The company is diversifying its loan offerings beyond personal loans to include auto loans and point-of-sale loans [1]
Edelman Financial Engines Switches Tech Stack from Envestnet to Orion
Yahoo Finance· 2026-01-22 14:30
Core Insights - Edelman Financial Engines has transitioned its technology stack to Orion, moving away from Envestnet, which it had used since 2018 [2][4] - This shift is significant for Orion, as Edelman is one of the largest registered investment advisors (RIAs) in the U.S. with over $308 billion in assets under management [1][3] - The change in technology providers comes amid leadership transitions at Edelman, including a new CEO and recent departures of key executives [4][5] Group 1: Company Transition - Edelman has fully onboarded its advisors to Orion's platform, which includes portfolio management, trading, data sharing, and advisor engagement tools [2][6] - The transition to Orion is expected to enhance the integration of systems and improve the tools available to planners, ultimately benefiting client experience [4][6] Group 2: Leadership Changes - Ralph Haberli has recently taken over as CEO of Edelman, succeeding Jay Shah, and has a background from Capital Group [4][5] - The firm has also seen the departure of its Chief Financial Officer and Chief Compliance Officer, indicating ongoing changes in its leadership structure [5] Group 3: Market Position - Orion manages approximately $5.8 trillion in assets under administration, while its competitor Envestnet manages around $7 trillion [3][6] - Edelman is majority-owned by Hellman & Friedman and has a minority stake from Warburg Pincus, with founder Ric Edelman being the largest individual shareholder [7]
Diebold Nixdorf to Conduct 2025 Fourth Quarter, Full-Year Investor Call on Feb. 12
Prnewswire· 2026-01-22 13:15
Core Viewpoint - Diebold Nixdorf is set to release its fourth quarter and full-year 2025 financial results on February 12, 2026, before the market opens, with a conference call scheduled for 8:30 a.m. ET to discuss the results [1]. Group 1: Earnings Call Details - The earnings call will take place on February 12 at 8:30 a.m. ET, and will be accessible via a webcast [2]. - A press release summarizing the business and financial results, along with a presentation highlighting key points from the period, will be made available prior to the call [2]. - Registration for the earnings call is encouraged to be completed at least one day in advance to avoid wait times, with live access and replay available on the company's website [3]. Group 2: Company Overview - Diebold Nixdorf is a global leader in automating, digitizing, and transforming banking and shopping experiences, serving top financial institutions and retailers [4]. - The company operates in over 100 countries and employs approximately 20,000 people worldwide [4].