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Payments & Security: With Q3 over, all eyes are already turned to Q4 and 2021
Payments & SecurityWith Q3 over, all eyes are already turned to Q4 and 2021
For Q4, online exposure remains key
Adyen: slightly disappointing on growth, but high EBITDA margin
Worldline: no surprise, in-line with expectations
Ingenico: a touch below expectations, Q4 recovery to be smoother than expected
Settlement of the Worldline/Ingenico transaction, and revised governance
Underlyings
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Bryan Garnier
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
David Vignon
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