The financial services industry was in the vanguard of the Digital Revolution and virtually all services are available over IP networks, including insurance and private banking. The key issues facing the industry now are pricing and charging models, security and fraud issues, and privacy, trust and confidentiality. Given the vast sums of money now traded in this way, the issues relating to tax and regulation, particularly across national boundaries, will become more critical.
Nokia has invested $70 million for a minority stake in the mobile payment technology company Obopay. This is another salvo in the ongoing battle being fought to control the mobile payments segment between banks, mobile networks, handset makers and start-ups.
Arun Muthirulan, 19 April 2009
Intuit, the accounting systems and book-keeping solutions player, has confirmed it is moving into the Software as a Service market, with new applications in field services, inventory handling and sales management, which could see the company competing against Salesforce.com.
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22 September 2008
Reed Business Information, which itself is in the process of a messy sale, has made an acquisition through its UK arm, buying out UK-based B2B marketplace and lead generation site ApprovedIndex. The terms were not disclosed. The acquisition is similar to RBI USA's acquisition of BuyersZone early...
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13 June 2008
DocStoc, an LA-based start-up that makes sharing and embedding documents simple, has raised $3.25 million in Series B funding from Rustic Canyon Partners. DocStoc is aiming to be a user generated business community where users can find and share professional documents. The goal is to enable...
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01 May 2008
Complinet, which provides online regulatory solutions for the global financial services industry, has raised £18.5m from Fidelity Equity Partners, which has acquired a significant minority stake in the Company.
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25 April 2008