Price Action Report: General Electric Company Has Another Very Strong Trading Session

GE Capital | December 15, 2016

The stock of General Electric Company (NYSE:GE) is a huge mover today! About 13.85 million shares traded hands. General Electric Company (NYSE:GE) has risen 4.69% since May 12, 2016 and is uptrending. It has underperformed by 4.48% the S&P500.
The move comes after 6 months positive chart setup for the $276.20 billion company. It was reported on Dec, 15 by Barchart.com. We have $33.98 PT which if reached, will make NYSE:GE worth $22.10 billion more.

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Today's complex multisegmented airline market faces liberalization and globalization trends that present a wide range of rapidly changing future challenges to any airline.


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CORE BANKING,FINANCIAL MANAGEMENT

Atomic Earns "Best Banking Transaction Solution" Recognition as Part of Annual 2022 FinTech Breakthrough Awards

Atomic | August 24, 2022

Atomic, the market-leading provider for payroll connectivity, has been named the winner of the sixth annual FinTech Breakthrough Awards for "Best Banking Transaction Solution". This award comes on the heels of the company's $40 million Series B funding round, further validation of Atomic's cutting edge and consumer-friendly payroll solutions. "This is an incredible milestone for our company and recognition of our team's hard work creating fairer financial services for all Americans, We are humbled to be acknowledged among technology leaders, partners and Atomic customers." -Jordan Wright, Co-Founder and CEO of Atomic Payroll represents a rich store of consumer data. Making it accessible and interoperable allows the potential to drive new, lower-cost financial products for customers. This improves the financial outcomes while providing financial institutions with new tools to reduce fraud, improve privacy and increase customer retention. Atomic's vision and solutions have been embraced by some of the most compelling and innovative neobanks and fintech platforms, reshaping an antiquated financial services landscape. These include Coinbase, Dave, Welcome Tech, and Propel, as well as more than 70 financial institutions and technology partners. Further, Atomic has experienced 100% customer retention since launching. Atomic's vision is to enable wealth creation for consumers by building more on-ramps to financial services. The company is a member of the Financial Health Network, a nonprofit network of leading-edge financial services and financial technology providers committed to consumer-and-employee-focused financial health innovations. Atomic is also a member of the FIS Fintech Accelerator, in partnership with The Venture Center. The program brings bankers, subject matter experts and financial service executives together with pre-vetted, market-validated fintech companies to advance the financial services industry. The FinTech Breakthrough Awards receive nominations from the best and brightest fintech companies across the globe. The ongoing goal is to deliver the most comprehensive analysis of the fintech industry each year, and with nearly 4,000 nominations, the industry evaluation was broad and extremely competitive for the 2022 program. Some of the winners from other categories include: Charles Schwab, Afterpay, Northwestern Mutual, Fiserv, MoonPay, FIS, S&P Global, Amount, Quicken, BNY Mellon, Mastercard, NCR, Blockdaemon, Guaranteed Rate, Bread, First Citizens Bank, Blockchain.com, Webull, Experian and an impressive list of top companies and startups in the larger fintech industry. About Atomic Atomic is the market-leading provider of payroll APIs, trusted by 12 of the largest fintech firms, including digital-first neobanks, alternative lenders, and digital brokerages, as well as more than 70 financial institutions and partners. Atomic's payroll integrations provide the infrastructure to connect consumers to their financial data for verification of income and employment, automating set-up and updating of direct deposits, repaying financial obligations from their paycheck, optimizing tax withholdings, and accessing earned but unpaid wages. Atomic simplifies complicated payroll integrations with a single API that covers more than 450 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems. Atomic has raised $78.6 million from investors, including Mercato Partners Traverse, Greylock, Core Innovation Capital, Portage, and ATX Venture Partners.

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FINANCIAL MANAGEMENT,INVESTMENT MANAGEMENT

Inscribe Addresses Demand for Better Risk Management, Faster Approvals From Finance Industry

Inscribe | September 15, 2022

Inscribe, the award-winning fraud detection and document automation platform, today announced that it has released new features to help the financial services industry meet demands for better risk management and faster customer approvals. Outdated and inefficient processes currently being utilized leave businesses waiting from one to six months to hear about loan applications, while millions of consumers without credit scores aren't able to access financial products at all. But forward-thinking companies are addressing the need for data-driven risk management with AI-powered fraud detection, document automation, and credit analysis. "Whether applying for a loan, opening a line of credit, or dealing with a faulty credit score due to a computer coding error, we've all suffered from unfair or inefficient processes in our interactions with financial institutions, Inscribe's tremendous growth in 2022 has allowed us to further our mission of creating a fair and efficient financial services ecosystem, and new Credit Analysis™ and AI-powered bank statement automation features that we've just released give companies instant access to the vast amount of financial data contained within documents so that they can make faster and more inclusive lending decisions." -Ronan Burke, co-founder and CEO of Inscribe In the past, risk and operations teams had to spend upwards of 30 minutes reviewing a single application document for information. New Credit Analysis™ snapshots and advanced automation features from Inscribe provide a snapshot of important data points needed to make lending decisions with confidence — including cash flow details from bank statements, transaction parsing, and pay stub parsing. Unlike other solutions currently on the market that can take up to 4 hours, Inscribe accurately extracts and returns key details (names, addresses, dates, transactions, salary) in just seconds. Fast-growing fintechs across lending, corporate cards, and financial automation have already adopted these features: Reviewing bank statements is a critical step for us to determine an applicant's creditworthiness. But that requires a lot of manual effort for our team to verify income, understand expenditure, search for high-risk transactions, etc., Inscribe's Credit Analysis feature mimics the same heuristics my team uses and delivers those key cashflow data points almost instantly. Not only does this save us time, but it enables us to make better credit decisions,said Anurag Puranik, Head of Credit and Risk at Coast. One of our competitive advantages at Ramp is speed. As the fastest growing corporate card in America, we look for products and services that can match our pace and help us accelerate growth, In the process of automating our underwriting, we found that a significant percentage of our applicants still uploaded bank statements. Inscribe's transaction parsing has been key to automating the application review process,said Karim Atiyeh, co-founder and CTO at Ramp. Inscribe's pay stub parsing has been incredible, The fact that we don't have to have our internal agents pull out net pay or annualize income significantly reduces the chances of human error and frees up their time. It really has improved our efficiency. We've been able to reduce the amount of time it takes for us to give applicants a loan decision by 50%,said Sara Vozeolas, Sr. Operations Analyst at VIVA Finance. With these new features, Inscribe customers can address business and consumer demands for near-instant approvals while protecting themselves from fraud and credit losses down the line. This announcement comes amid rapid growth from Inscribe in 2022: The company surpassed a 3x y-o-y increase in annual recurring revenue (ARR) and a 4x y-o-y increase in the number of documents being processed every month. Companies that use Inscribe can give their customers faster approvals while saving thousands of employee hours and millions of dollars in fraud losses each year. In 2022, Inscribe also announced a partnership with Lendflow and was listed on the 2022 AIFintech100 and SaaS award lists. To learn more about Inscribe's fraud detection and risk management solutions, About Inscribe Inscribe's award-winning technology is the most effective way for fintechs and financial services organizations to automate their manual reviews, reduce fraud losses, and increase decision accuracy. By automating document reviews and improving fraud detection, companies can increase efficiency and reduce operational costs. Founded in 2017, Inscribe is trusted by leading companies like BlueVine, Petal, Fair, and Ramp. Inscribe is backed by Y Combinator, Uncork Capital, Crosslink Capital, and Foundry Group, and has a presence in the US and Europe.

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WEALTH MANAGEMENT

Bambu offers Wealth Management Predictive Planning Solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales

Bambu | September 21, 2022

Bambu, a global wealth technology provider, today announced the launch of their Wealth Management Predictive Planning solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales. The service will enable Relationship Managers (RMs), Financial Advisors, Agents and firms in the financial sector to identify and prioritize their clients' needs through predictive analytics, empowering them to make informed financial decisions for the future. To build and solidify trusted relationships between users and their clients while increasing sales productivity, Wealth Management for Microsoft Cloud for Financial Services - a one-of-a-kind Wealth Management predictive planning solution - along with its counterpart, Wealth Management for Dynamics 365 Sales, were designed with an innovative proactive approach in mind. The system will enable users to predict and analyze key life events along with the ability to suggest achievable financial goals and solutions for future financial planning. Powered by A.I. and through the adoption of the Hidden Markov Model (HMM) and Generative Adversarial Network (GAN) Machine Learning models, both solutions will be able to generate thousands of timelines of future events and outlines based on demographic profiles and the four major aspects of life - marriage, family, career, and financial situation. On the launch of Bambu's Microsoft AppSource offers, Aki Ranin, Co-founder and COO of Bambu, said, "It is vital for us to move the game from reactionary, aspirational planning to proactive, realistic, and predictive planning. We hope to revolutionize and be at the forefront of the playing field to make it much easier for financial planning to be a priority." "Bambu wants to be the leader in the B2B wealth tech space. This relationship means a lot to us, not only from a brand perspective but also from a product scale standpoint. The opportunity to co-sell with Microsoft will help us progress toward our goal to be a leader in the B2B wealth technology space.'' - Ajay Kamath, Commercial Director, at Bambu We welcome Bambu to Microsoft's Business Application ecosystem and its Wealth Management offering integrated with Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales, By making it easier for relationship managers, financial advisors and agents to access their data in one place, we are significantly reducing roadblocks that lead to friction and reduced ROI,says Toby Bowers, General Manager, Industry, Applications & Data Marketing at Microsoft. About Bambu Bambu is a leading global digital wealth technology provider for financial institutions. We enable companies to make saving and investing simple and intelligent for their clients. The cloud-based platform is powered by our proprietary algorithms and machine learning tools. Founded in 2016, Bambu is headquartered in Singapore with a subsidiary in the United Kingdom and the United States and EMEA representatives.

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FINANCIAL MANAGEMENT

Synapse Announces Partnership with Lineage Bank, Enabling a Wide Range of Financial Services for Fintech Companies and Their Customers

Synapse and Lineage Bank | August 22, 2022

Synapse Financial Technologies Inc., a banking-as-a-service (BaaS) platform that increases access to best-in-class financial products, and Lineage Bank, a developing, traditional community bank based in Franklin, Tennessee, today announced a partnership to enable fintech companies and other non-banks to build and deliver innovative financial apps and services. “We are thrilled to welcome Lineage Bank as part of our multi-bank strategy, enabling us to serve fintech customers in faster, highly flexible, and more comprehensive ways, Lineage is a nimble, fast-moving bank that recognizes the power of the BaaS space to serve more customers. This partnership will help both companies deliver on our promise to quickly provide best-in-class solutions to all kinds of fintech innovators.” -Sankaet Pathak, CEO and co-founder of Synapse Synapse’s multi-bank strategy uniquely positions the company to make it faster and easier for fintech companies to launch and scale a wide range of financial services and products leveraging multiple bank partners simultaneously. Through Synapse’s bank relationships – as well as the regulated position of its affiliates – it can extend the most flexible and advantageous terms and features and provide a path to market for its customers that can be better, faster and with reduced partner risk, by driving an efficient and frictionless onboarding experience. Lineage is committed to staying on the leading edge of banking technology to better serve our local customers and reach new ones, This new partnership represents an extension to our BaaS technology partners, further increasing our reach into a digital-first audience of consumers and businesses via neobanks. It also aligns perfectly with our growth strategy by providing new opportunities through embedded, digital-first banking solutions,said Kevin Herrington, CEO of Lineage Bank. Lineage Bank will serve as a sponsor bank to Synapse and its affiliates, providing core banking services such as FDIC deposit insurance, payment processing, and card issuance. By working together, Synapse and Lineage Bank will be able to help fintech providers get up and running rapidly in a safe, regulated environment that serves the needs of everyday consumers who need access to all types of financial services. About Synapse Synapse was founded in 2014 with the mission to ensure that everyone around the world has access to best-in-class financial products, regardless of their net worth. Synapse’s banking-as-a-service platform provides payment, card issuance, deposit, lending, compliance, credit and investment products as APIs to more than 15 million end users. It has an annualized transaction volume of $67 billion and $11 billion of assets under management across its platform. With white-labeled APIs for developers and bank-facing APIs for institutions to automate their back-end operations, Synapse customers can quickly build, launch and scale innovative financial products and services. The company is backed by more than $50 million in funding from top venture firms, such as Andreessen Horowitz, 500 Startups, and Trinity Ventures. Global cash management services are provided by Synapse Brokerage LLC, a registered broker-dealer and member of FINRA and SIPC. Synapse is not a Bank. Banking and card services are provided by Synapse Financial Technologies Inc.’s partner banks, Members FDIC. About Lineage Bank Lineage Bank is a developing, traditional community bank located in Franklin, Tennessee, and is an Equal Housing Lender and Member FDIC. The bank’s focus is serving the everyday banking needs of customers in Middle Tennessee as well as those in other areas through digital BaaS solutions. Lineage Bank is part of the Lineage Financial Network, a bank holding company that empowers community banks with the technology and local customer focus to create a unique banking experience. Lineage Financial Network is headquartered in Franklin, Tennessee, and was founded in 2020.

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