Gaming developer Playtech is planning to splash more than EUR600m (USD800m) on acquisitions, with an emphasis on mobile and tablet technology startups. Playtech was founded in 1999 and specialises in online betting. The firm, which is headquartered in the Isle of Man, says the upcoming investments follow a 13% increase in earnings during the first six months of 2013.
Playtech also announced the departure of Roger Withers, who leaves in October after seven years. His immediate replacement is Alan Jackson, a senior non-executive director. Playtech develops software for gambling companies such as Betfair, William Hill and Paddy Power.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.