Prodigy Finance

Fintech

HES FinTech, Ondato | March 24, 2021

Ondato and HES FinTech, two major technology providers, formed a strategic alliance today to achieve synergy in assisting financial institutions on their digital transformation journey. These tech giants' collaboration would benefit their clients and the software industry as a whole: • HES and Ondato are part of a one-stop-shop trend: banks and fintechs can now combine compliance monitoring and configurable loan origination tools quickly and easily. • The allia...

Reuters | March 09, 2020

Shares of U.S. banks sharply underperformed the broader stock market on Monday as investors bet tumbling interest rates would crush bank profits and worried about rising credit costs in the face of an economy spooked by coronavirus and plunging oil prices. Among the sector’s biggest decliners were smaller banks with the most direct exposure to energy companies as oil futures tumbled as much as a third on Monday due to a price war between Saudi Arabia and Russia. These banks, which include ...

Investment Management, Payments

Peach | December 12, 2022

Peach Finance, the leading modern loan management and servicing technology platform, today announced that it has joined the Mastercard Engage Partner Network as a fintech enabler to help bring consumers more payments choices. The partnership is currently focused on supporting lenders in developing buy now, pay later (BNPL) solutions leveraging the Mastercard Installments program. BNPL is growing rapidly, with a projected e-commerce transaction value of $7.2T by 2025. But one of th...

Wall Street | February 10, 2020

Wall Street resumed its rally from last week, with the Nasdaq hitting a record high on Monday, as a recent batch of strong domestic economic data and largely upbeat earnings overshadowed fears about the impact of the coronavirus epidemic on global growth. People returned to work in China after an extended new year holiday even as the country grappled with the epidemic that has now claimed more lives than Severe Acute Respiratory Syndrome (SARS). “Some people think the outbreak may have a v...