Temenos study found that 56% of asset managers will focus investment on technology and data infrastructure in the next year.
Temenos has signed an agreement to acquire hTrunk, a big data and analytics FinTech firm based in Bangalore India.
This year has seen some of the biggest deals inked between major players, shaking up the market structure and bringing with it a potentially huge impact on the future of trading. The TRADE reviews the mergers and takeovers that are already causing a stir in the industry.
Temenos has withdrawn its bid for Fidessa in the face of an improved offer by ION Investment Group.
The UK’s FCA and antitrust authorities in the US have approved Temenos’ acquisition of Fidessa.
Fidessa confirms it has received interest from two separate companies with higher bids than what Temenos first offered in February.
Fidessa has accepted an all-cash offer from Temenos following confirmation of advanced discussions .