Tesla stock hits $500 for the first time

Tesla | January 13, 2020

Tesla stock continued to rally Monday, rising 5% and passing $500 per share for the first time. That puts Tesla at a fresh all-time high as it continues to soar on its entrance into China and optimistic delivery figures. The stock has more than doubled over the past three months, according to FactSet. The recent gains bring Tesla’s market cap to about $90 billion, which is nearly $5 billion more than that of General Motors and Ford combined. The companies’ market caps, which measure the value of their outstanding equity, don’t tell the full story, though.

Spotlight

Blockchain applications in the financial sector are often described as potentially being one of the most important innovations to improve financial inclusion. Bermudian Premier and Minister of Finance, E. David Burt, and Chief Investment Office of Ubanx, Mary Saracco, explain what impact blockchain could have and how.


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PAYMENTS

Mollie partners with Chargebee to deliver effortless subscription payments

Mollie | January 28, 2022

Mollie, one of the fastest growing payment service providers in Europe, today announced its partnership with subscription management platform Chargebee to help drive growth for its customers. The integration with Chargebee simplifies subscription billing for merchants, providing an easy-to-install, out-of-the-box subscription management platform that offers all leading European payment methods, including iDEAL, SEPA Direct Debit, and credit cards. It also offers local, multilingual support – vital to Mollie's customers operating throughout Europe. We want to make payments effortless for everyone, so we're thrilled to partner with Chargebee to provide the best-in-class subscription management and billing capabilities to empower businesses to grow. Together, our seamless integration will offer entrepreneurs the tools they need to easily start and scale up their subscription-based businesses. We're looking forward to working with Chargebee to drive growth for our customers." Shane Happach, CEO at Mollie Consumer behavior is changing quickly, with online purchases and subscription payments witnessing continuous growth in the past few years. For many start-ups and small businesses, the subscription-billing process allows them to scale rapidly, opening up new revenue streams. It also empowers businesses of all sizes to optimise their growth potential through recurring payments rather than one-time sales, increasing customer loyalty. "We are excited to team up with a leading payment service provider like Mollie to offer an all-in-one subscription management and billing solution to manage payments, service and support on a global scale," said Eric Chan, Head of Global Partnerships at Chargebee. "The integration empowers our merchants to accept leading European payment methods to drive sales and grow their subscription business in multiple geographies." Chargebee's new integration with Mollie provides an advanced subscriptions solution for Mollie's customers and helps to solve EU-VAT tax and invoicing compliance automation for EU-based subscription businesses. The partnership will drive growth for Mollie's SME customers, allowing them to focus more of their resources on product development, shortening their time to market. It will also help SMEs to scale up with metrics available for how they run, invest in, and value their business as it grows. "Right now, what both consumers and merchants value most are speed and flexibility. By partnering with Mollie, we are excited to offer customers the ability to get started almost instantly and to grow and scale across borders and product lines," added Krish Subramanian, CEO of Chargebee. About Chargebee Chargebee is the subscription management platform that automates revenue operations of over 4,000 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SeaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com. About Mollie Mollie is a pioneer in the payments industry and one of Europe's fastest-growing payment service providers (PSP). Founded in 2004, the firm facilitates companies of all sizes to scale and grow with an easy-to-use payments API that offers multiple payment methods. Mollie's mission is to simplify complex financial services to become the world's most loved PSP.

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FINANCIAL MANAGEMENT

Modyo and TODO1/iuvity Sign Agreement to Power a New Breed of Digital Financial Solutions

Modyo | December 29, 2021

It gives us great pleasure to announce today that TODO1/iuvity’s solutions will have the frontend digital financial experience powered by Modyo integrated with TODO1/iuvity’s Open Service Platform. With more than 20 years of digital financial experience, TODO1 is an industry leader powering important financial institutions in Latin America that have served more than 21 million digital customers in the past 12 months. TODO1/iuvity and Modyo are providing clients and partners with a very compelling value proposition. Modyo’s frontend financial platform combined with TODO1/iuvity’s Open Service Platform’s APIs will give our clients flexibility and acceleration. Time to market can be reduced dramatically while helping to power next-gen digital financial solutions, leveraging the right architecture in the cloud. The first phase of the joint effort will be to launch new ready to go financial experiences offered by TODO1/iuvity. Designed based on years of know-how in the financial services industry, TODO1/iuvity’s OSP provides over 300 rich and extensible APIs that can be leveraged to create unique solutions that meet the most demanding digital financial needs. Customer journeys can be customized by orchestrating business flows, linking existing or 3rd party services and adjusting the visual components to create an exceptional user experience. Additionally, the TODO1/iuvity Open Service Platform’s communication layer allows for quick integration to back-end core systems. Modyo will be the Front End, flexible experience layer connecting to TODO1/iuvity’s ready to go APIs. Comments on the News “TODO1 and Modyo have the ability to power a complete digital banking ecosystem,” said Mark Bonnell, CEO of Modyo. “Our frontend platform with a growing catalog of Financial Experiences integrated with TODO1’s Open Service Platform API’s will help financial institutions accelerate their digital transformation.” This partnership is aligned with our goal of working with exceptional talent to build state of the art products. We are excited to join forces with Modyo to continue being at the forefront of user-centric technologies that empower businesses to better serve their customers.” Felipe Uribe, CEO of TODO1/iuvity. About TODO1 and iuvity TODO1 is a leading technology company servicing key financial institutions in America. A growing number of over 21 million digital customers in the financial sector count on TODO1's solutions. With an exceptional track record, TODO1 delivers innovative and secure solutions through digital channels to financial institutions that want to positively transform the lives of their customers in Latin America and the US. At TODO1 we seek to humanize the relationship between people and their financial world by delivering digital channel solutions designed to facilitate their use and adoption. iuvity is a new brand created by TODO1 focused on the North American market. About Modyo Modyo is a fast growing software company that helps digital leaders from financial institutions & large enterprises transform their web and mobile channels with a lightweight, fast and secure next-gen frontend platform. With 130 employees today spread across 3 continents, Modyo accelerates digital transformation for clients and partners. For Financial Institutions, Modyo’s platform makes it easy to create and orchestrate digital experiences built through Micro Frontends that connect to API’s to help Financial Institutions transform faster and build amazing digital customer experiences

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BITCOIN AND CRYPTO

TradeStation® Crypto Launches in Puerto Rico

TradeStation Crypto | March 26, 2022

TradeStation, an award-winning*, self-clearing online brokerage, announced today that residents of Puerto Rico are now eligible to apply for a TradeStation Crypto, Inc. account to trade cryptocurrencies. Crypto trading is available in Puerto Rico and much of the U.S. with aggregated liquidity, intelligent order routing, and competitive pricing. TradeStation Securities, Inc. is also licensed and permitted to do business in Puerto Rico, giving TradeStation Securities customers access to trade stocks, ETFs, options, and futures. We are excited to be expanding into Puerto Rico as adoption of digital assets continues to grow. We believe that Puerto Rico has a strong reputation supporting crypto, and we're looking forward to being part of the momentum surrounding their crypto community, We feel TradeStation offers clients the best of both worlds, a trusted brand that's been serving traders for over 30-years combined with innovative products and technology to access the crypto market." James Putra, Vice President, Product Strategy at TradeStation Crypto. TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system designed to give its customers better visibility and trade execution, which is a differentiated model from some crypto exchanges. New crypto customers can also benefit from TradeStation's current offer bonus, awarding customers $10 in a supported cryptocurrency. Eligible customers can qualify for a higher tier-based reward if they deposit at least $5,000 of assets within 90 days from account approval.** In addition, customers can own cryptocurrency as an alternative investment in a TradeStation Individual Retirement Account (IRA). TradeStation's self-directed IRA provides flexibility for individuals and investment advisers who aim to achieve greater diversification with cryptocurrency. About TradeStation Group, Inc. TradeStation has, for decades, advanced fintech through its support of self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning* trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web, and mobile, as well as via API technologies which seamlessly provide access to TradeStation's brokerage environment through third-party platforms. TradeStation's offerings also include deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders. TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC, NFA & CME offers self-clearing equities, options, futures and futures options brokerage services as a licensed securities broker-dealer and futures commission merchant (FCM) and is a member of major equities and futures exchanges in the United States. TRADESTATION SECURITIES, INC. IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT THE NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS, OR MARKETS. TradeStation Crypto, Inc. offers self-clearing cryptocurrency brokerage services under federal and state money services business, money-transmitter, and similar registrations and licenses. TradeStation Crypto, Inc. is not subject to NFA's regulatory oversight and examinations.

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PAYMENTS

Huntington National Bank expands digital payments through acquisition of fintech Torana

Huntington | May 16, 2022

Huntington National Bank, a subsidiary of Huntington Bancshares, Incorporated (Nasdaq: HBAN) announced today it has acquired Digital Payments Torana, Inc. (Torana), a business-to-consumer payments fintech based in San Francisco. Torana's digital payments solution, which will launch as Huntington ChoicePay, will further enhance Huntington's digital capabilities and advance Huntington's enterprise payments strategy. Torana's payment solution is a software as a service (SaaS) model built in the cloud and will enable Huntington and its clients to distribute digital payments to a variety of end users. Torana's acquisition aligns with our enterprise payments strategy of servicing clients across businesses of all sizes and enables us to maintain a leadership position within our commercial banking segment and further develop additional scale in verticals such as healthcare, public sector, insurance and Huntington's National Settlements business, Huntington ChoicePay technology enhances our commitment to delivering differentiated, automated experiences through best-in-class digital tools, and it aligns extremely well with our digital innovation roadmap. Scott Kleinman, co-president of Huntington Commercial Banking. This payment solution will increase engagement with our business and commercial clients because of its ability to rapidly distribute payments to end consumers who are increasingly seeking a faster and broader range of payments options – all critical drivers of customer satisfaction. Kleinman. About Huntington Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $177 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies.

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Spotlight

Blockchain applications in the financial sector are often described as potentially being one of the most important innovations to improve financial inclusion. Bermudian Premier and Minister of Finance, E. David Burt, and Chief Investment Office of Ubanx, Mary Saracco, explain what impact blockchain could have and how.

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