Cisco Completes $28 Billion Acquisition of Splunk

Cisco (NASDAQ: CSCO) on Monday completed its $28 billion acquisition of Splunk. The networking giant paid $157 per share in cash for Splunk, a powerhouse in data analysis, security and observability tools, in a deal first announced in September 2023. Cisco plans to leverage Splunk’s AI, security and observability capabilities complement Cisco’s solution portfolio. Cisco […]

Embracing the Era of Embedded Finance

Whether as consumers or merchants, simplicity is key when it comes to purchasing goods and services. While merchants have historically offered in-app payment options, this is merely scratching the surface. Embedded finance represents a paradigm shift, integrating a spectrum of financial services into non-financial applications. Embedded finance is rapidly replacing embedded payments as the ultimate […]

Advantages of digital banking platforms for commercial real estate

While payments and treasury services span multiple industries, commercial real estate has unique considerations, including managing liquidity, sending payments, receiving rent and complex account structures. “Commercial real estate organizations of all sizes can benefit from JPMorgan Chase’s digital banking platforms. We’re focused on industry-specific issues—and solutions—to help clients optimize liquidity, gain insights into operating accounts and manage rent payments,” […]

Stock futures are little changed as investors await fresh Fed guidance

Stock futures were little changed on Sunday, as Wall Street awaits guidance on monetary policy from the Federal Reserve this week. Futures tied to the S&P 500 ticked up 0.1%. Dow Jones Industrial Average futures hovered near the flatline, while Nasdaq-100 futures added 0.2%. Inflation concerns have pressured stocks in recent days, with the S&P 500 set to enter Monday trading riding a […]

Deutsche Bank cuts bonuses over botched Postbank IT integration

Deutsche Bank has reduced the cash bonuses of management board members connected to last year’s bungled Postbank IT integration project. Bonuses were slashed by €1.95 million over what the bank calls, in its annual report, the “unacceptable” migration problems. The Postbank migration last summer saw 12 million customers and 50 billion data sets shifted to […]

GoCardless to buy Nuapay from EML Payments

GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia’s EML Payments in a deal worth €32.75 million. EML is selling Irish firm Sentenial – which operates under the Nuapay brand – three years after buying the business for an upfront enterprise value of €70 million. UK […]

Wholesale inflation rose 0.6% in February, much more than expected

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department’s Bureau of Labor Statistics reported Thursday. That was higher than the 0.3% forecast […]