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Bank of America | January 15, 2020
Bank of America Corp got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year. The Charlotte, North Carolina-based lender is especially vulnerable to rate movements because of the composition of its balance sheet. As the Federal Reserve cut rates three times last year, analysts predicted Bank of America’s earnings would suffer. The bank blunted the impact last quarter by growing loans at a rapid clip, and man...
Cision PR Newswire | October 14, 2020
Leading European payments provider, Contis, is excited to announce a new partnership with UK fintech startup Ordo. Contis is powering the fintech revolution, helping businesses unleash their true potential with award-winning real-time payment solutions. Contis puts next generation accounts, cards and apps in the hands of their customers. Ordo is also helping businesses and organisations unleash their potential with technology that makes getting paid easy. With smart, secure and automatic bank tr...
Goldfinch | March 02, 2022
Goldfinch Partners LLC and The Baupost Group, LLC announce their milestone achievement by closing the Western Union Business Solutions (WUBS) acquisition for $910 million. WUBS will be renamed Convera as a new standalone B2B global payments company. In 2021, it registered beyond 20 percent revenue gain and payments volume of $170 billion. Patrick Gauthier will be serving as Convera’s CEO.
About this news, Mr. Gauthier shared his words. He says, “At Convera, our purpose...
Business Wire | September 19, 2020
NXTsoft, the market leader in API connectivity, and FirstClose, a leading provider of fintech solutions for mortgage lenders nationwide, have developed a partnership to connect their solutions for financial institutions using NXTsoft’s established APIs. The partnership gives financial institutions the ability to implement FirstClose’s point-of-sale digital lending platform - at application without additional manipulation of their core banking systems to render an instant loan decisio...
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