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finextra | March 24, 2020
The Covid-19 outbreak may just provide the pin that bursts the fintech bubble, according to a report by Rosenblatt Securities, which forecasts a devaluation of Unicorn businesses and tough times ahead for challenger banks, marketplace lenders and robo-advisory services. The Rosenblatt note points to a likely deterioration in fintech operating performance during a deep downturn, as funding sources evaporate and exit options change significantly. States the report: "These forces may feed off ...
Investing.com | April 08, 2020
U.S. stocks are set to open mostly higher Wednesday, with markets still searching for direction after Tuesday’s volatile session as investors struggle to gauge the spread of coronavirus across the country. At 7:15 AM ET (1115 GMT), futures for the S&P 500 traded 21 points, or 0.8%, higher, futures for the Nasdaq up 82 points, or 1.0%. The Dow futures contract rose 191 points, or 0.8%. A wave of late selling hit stocks Tuesday as an early rally ran out of steam. The Dow fell 0.1%, or 26...
FINTECH
AppZen | June 25, 2021
AppZen, the pioneer in modern Finance Ai technology, announced the launch of the AppZen AppStore today, that also facilitates finance teams to easily streamline universal expense reviews and approvals, to comply with company laws and regulations. It is the only Finance AI AppStore specifically designed for finance teams, premised on the thousands of expense reports AppZen's Mastermind AI has scanned for 1,800+ customers. All worldwide clients will have access to these applications, allowing ...
PAYMENTS
Paya | July 14, 2021
Paya, a leading supplier of integrated payments and commerce solutions, has established a strategic alliance with RECUR360, a cloud-based software and automation solution provider that provides recurring payment, invoicing, and collection capabilities across a variety of B2B sectors. RECUR360 will provide its clients greater capabilities and support for integrated card and ACH transactions as a result of the agreement, while also expanding into new, underserved areas such as wholesalers, distrib...
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