Assured Guaranty acquisition of BlueMountain : Assured Guaranty, Bermuda-based financial guaranty insurance company, said that its subsidiary Assured Guaranty US Holdings (AGUS) has agreed to acquire BlueMountain Capital Management and its associated entities for about $160 million. Based in New York, BlueMountain Capital Management is an alternative asset management company having $19.3 billion in assets […]
ACI acquisition of Speedpay : Payment systems company ACI Worldwide has signed a $750 million all-cash deal to acquire the US domestic bill pay business of Western Union, which operates under the brand Speedpay. Speedpay offers electronic bill presentment and payment solutions to various business sectors in the US. Its clients include utilities, telecommunications, insurance, […]
Financial service news : Canadian investment service company ReSolve Asset Management has acquired Ontario-based alternative investment manager Acorn Global Investments for an undisclosed price. Acorn Global Investments, which has around $210 million in assets under management, specializes in managed futures and macro strategies. The alternative investment manager and ReSolve Asset Management are said to have […]
Financial service news : MoneyOnMobile, an Indian mobile phone-based payment network has launched a new biometric-based ATM cash-out solution. The company has activated 3,000 units in the initial phase and is likely to activate a further 3,000 units in the near future. Before this latest launch, MoneyOnMobile had a total of 5,000 MOM ATM units […]
Financial service news : Ratings agency S&P Global has signed a deal to acquire Kensho Technologies, a US-based artificial intelligence company for about $550 million. Kensho Technologies, which was founded out of Harvard University about five years ago, also provides machine learning, and data visualization systems in addition to analytics and artificial intelligence to global […]