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Preparing for 2020: The impact of the cloud on B2B payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods.

Deutsche Börse bids $5.5bn for Allfunds

German stock exchange operator Deutsche Börse has bid $5.5bn to acquire investment funds platform Allfunds in a move that could have ramifications for Europe’s asset and wealth management market.

Fed reiterates rate strategy in separate appearances

Federal Reserve chair Jerome Powell and Fed governor Michelle Bowman made separate public appearances on Thursday, but each policymaker maintained similar stances on how the entity is approaching interest rates and inflation. Appearing before the U.S. House Financial Services Committee … [Read More]

NEC acquires Avaloq

Japan’s NEC has acquired Swiss core banking vendor Avaloq for CHF2.05 billion.