Wall Street Pushes Higher Amid Deal Flurry

Wall Street | January 13, 2020

U.S. stocks pushed higher after the open Monday, as global macro concerns eased and investors took on board positive company-specific news, including a flurry of midcap mergers and some upbeat earnings guidance. The S&P 500 index was trading 6 points, or 0.2%, higher by 0935 ET (1435 GMT), with the NASDAQ Composite up 33 points, or 0.4%. The Dow Jones gained 27 points, or 0.1%. Fears of major military action in the Middle East have dimmed, although the Iranian authorities are under pressure from domestic protests over the downing of a Ukranian passenger plane last week. At the same time, the trade spat between China and the U.S., the two largest economies in the world, looks set to come to an end with Chinese negotiators traveling to Washington this week to sign a phase one trade deal with the U.S.

Spotlight

At Finxone, we are revolutionizing the development of Fintech applications with our No-code platform. Our easy-to-use Drag and drop interface eliminates the need for costly developers, and we take care of the complex regulatory and Bank integration requirements. All our customers need to do is select their desired banking partner, undergo KYB due diligence, and within minutes they can design and launch their MVP banking application.

Traditionally, building a Neobank MVP app could take 6-9 months and cost over £500k. With Finxone, the process is streamlined, taking just a week for the regulated bank to complete due diligence, resulting in a fully functioning MVP banking application for as little as £60k.


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Spotlight

At Finxone, we are revolutionizing the development of Fintech applications with our No-code platform. Our easy-to-use Drag and drop interface eliminates the need for costly developers, and we take care of the complex regulatory and Bank integration requirements. All our customers need to do is select their desired banking partner, undergo KYB due diligence, and within minutes they can design and launch their MVP banking application.

Traditionally, building a Neobank MVP app could take 6-9 months and cost over £500k. With Finxone, the process is streamlined, taking just a week for the regulated bank to complete due diligence, resulting in a fully functioning MVP banking application for as little as £60k.

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