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Lumen Research and Avocet Combine Forces to Drive a New Category in Attention
Date: November 15, 2022
The two companies merge to become Lumen, with FirstPartyCapital leading a £3M funding round to drive expansion across the US and Europe London, UK 15th November 2022: Lumen Research, the leader in attention measurement, has announced that it is to merge with Avocet, the two combining to become Lumen. This formalises a long-standing partnership between...
Italy’s Intesa to Sell 654 Million Euro Stake in Payments Group Nexi
Date: November 15, 2022
By Valentina Za MILAN (Reuters) -Italy’s Intesa Sanpaolo said on Monday it was selling its entire 5.1% stake in Nexi, in an effort to cash in on a recent rally in shares of the payments group. Intesa agreed to a 25-year partnership as part of the Italian bank’s 2020 sale of its retailers’ payments business...
Banks and Fintechs Are Done Competing: How Their Partnerships Will Expand in 2023
Date: November 14, 2022
Interview from Vijay Sondhi, CEO of NMI How will the switch of fintechs and banks being rivals to partners, such as with JP Morgan’s acquisition of Renovite, accelerate in 2023? As more customers seek digital, instant payment options, many banks and fintechs have looked to work together to offer the most complete solution. These partnerships are relatively...
Visa Has Terminated Global Debit Card Agreements With Ftx
Date: November 14, 2022
NEW YORK (Reuters) – Visa Inc, the world’s largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX. “The situation with FTX is unfortunate and we are monitoring developments closely,” a Visa spokesperson told Reuters. “We have terminated our global agreements with FTX and their U.S....
Analysis-Separation Anxiety Over Renault’s Five-Way Split
Date: November 10, 2022
By Gilles Guillaume PARIS (Reuters) – Analysts seeking less complexity from Renault at its investor day this week were disappointed to find that CEO Luca de Meo will split the company into five autonomous businesses. The French carmaker announced a major overhaul at a long-awaited presentation on Tuesday, dividing operations into five specialised businesses –...
Nissan Lifts Profit Forecast, but Renault Uncertainty Remains
Date: November 9, 2022
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s Nissan Motor Co lifted its full-year profit forecast on Wednesday, buoyed by higher-margin sales and a weaker yen, and reiterated talks with top shareholder Renault about revamping their alliance were “open and constructive”. Upbeat results – the automaker reported a 45% jump in quarterly profit – came against industry-wide...