FIS in $43 billion deal for Worldpay as fintech consolidation ramps up


Financial services technology company FIS has agreed to buy Worldpay in a deal valued at $43 billion, which allows FIS to counter the transaction processing scale Fiserv received when it acquired First Data earlier in 2019. The merger price is based on a $34 billion bid plus $9 billion of Worldpay's debt.


Barclays to merge BPay, Pingit products as banks fend off Apple


Barclays is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users.


Metro Bank shares plunge as regulators circle


Metro Bank, the lender founded by U.S. entrepreneur Vernon Hill, plunged to a record low after it disclosed that British regulators are probing how it misclassified assets, an incident that prompted a share sale.


Metro Bank will raise about $464 million through share sale


Metro Bank, the U.K. challenger bank seeking to fix a shortfall on its balance sheet, said it expects to raise about £350 ($464 million) through selling shares.


U.S. way behind the curve on open banking


The country is lagging behind others when it comes to ensure that a consumer’s financial data is available to third parties, and regulators need to step up.


JPMorgan asks 'several dozen' bankers to relocate in Brexit plan


JPMorgan Chase, which employs about 10,000 people in London, has asked "several dozen" employees to relocate across the European Union before the U.K. formally leaves the bloc in March next year.


Vasco buys digital ID company, changes name to OneSpan


The authentication software and hardware provider is shifting its focus to identity verification and account onboarding, another sign that the newest generation of bank customers is not interested in coming into a branch to set up an account.


Trade pact: U.S. and U.K. savings banks share tips, challenges


Call it mutual respect. Bankers from mutually owned British building societies and similarly structured U.S. thrifts recently gathered in New England to address common challenges and share ideas about staying relevant at a time of rapid change in financial services. Here are the takeaways from their meetings.


Banks that deal with sanctioned Russians could draw U.S. ire


British banks that deal with the Russian oligarchs and companies on a new American sanctions list will face "consequences," according to a senior U.S. Treasury official.


Citi pays male staffers in U.K. 44% more than females


Morgan Stanley also reported a wide disparity in gender pay, reflecting the greater proportion of men in top executive posts.