EML surges on acquisition news, Westpac’s APRA update

At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) is on course to defy overnight weakness on Wall Street and record a decent gain. The benchmark index is currently up 0.25% to 6,903 points.

Here’s what is happening on the market today:

EML makes major acquisition

The EML Payments Ltd (ASX: EML) share price surged to a record high this morning after announcing the acquisition of Sentenial Limited for up to 110 million euros (~A$170.7 million). According to the release, Sentenial is a leading European Open Banking and Account-to-Account (A2A) payments provider. It utilises a cloud-native, API-first, full stack enterprise grade…