How
#Fintech Companies (NASDAQ: $APCX) (NASDAQ: $INTU) (NYSE: $SQ) (NASDAQ: $SOFI) Can
Provide Better #Business and #PaymentSolutions for the Future @AppTechCorp
@Intuit @Square @SoFi
Vancouver,
Kelowna, Delta, BC -January 10, 2023 - Investorideas.com, a
leading investor news resource covering fintech stocks releases a special
report on the growth of the fintech industry. As new problems affect small and large
businesses and traditional banking methods simply aren’t effective, new
companies like AppTech Payments Corp. (NASDAQ:
APCX) are aiming to be the leading solution platforms of
the future.
Read this article.
Featuring APCX in full at https://www.investorideas.com/news/2023/technology/01101Fintech-Companies-Payment-Solutions.asp
A
recent Forbes article titled, “How
Should The Fintech Industry React To A Global Recession?”
discussed how “as technology continues to quickly advance, I believe the
innovative solutions provided by fintech companies are becoming even more
essential to the financial services industry. A growing tech-savvy audience
looks to be served by technological advancements that offer data-driven
solutions based on market trends and their behavior. Additionally, this
revolution is advancing financial inclusion and broadening services across all
industries, helping drive the development of the sector.”
The
article continued, saying, “Leaders in the fintech industry can promote
economic growth by expanding financial opportunities for a variety of
industries and by satisfying the needs of a younger demographic. Fintech can
also benefit other companies by enhancing payment methods and customer
relationship management.”
AppTech Payments
Corp. (NASDAQ:
APCX) is an innovative Fintech company whose mission is to
deliver a better way for businesses to provide their customers with immersive
commerce experiences. Commerse™, its all-new, patent-backed technology platform
powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives
highly secure, scalable, cross-border digital banking, text-to-pay, and
merchant services altogether from a single, unified stack designed to increase
operational efficiencies and growth for businesses while providing the economic
convenience that their customers demand from today’s commerce experiences.
“The
AppTech platform represents the type of financial technology required to
rapidly launch innovative and scalable solutions. From traditional businesses
to Fintech startups dialed into web3, AppTech is a must have,” commented Amiya
Diwan, SaaS Entrepreneur.
The
company also recently
held a Fireside Chat between AppTech CEO, Luke D’Angelo,
and CNBC and Fox Business Network Market Analyst Kenny Polcari. Polcari sat
down with D’Angelo to discuss future growth and outline the most recent Company
events. Viewers can watch the interview here: https://www.youtube.com/watch?v=7wtwhYGv4Bs
AppTech
was also recently viewed on Fox business as one of the best long-term companies
to have in your five-year stock plan, seen here: http://video.foxbusiness.com/v/6317511890112/.
TurboTax
from Intuit Inc. (NASDAQ:
INTU), the global technology platform that
makesTurboTax, QuickBooks, Credit Karma, and Mailchimp, recently announced its
new 2023 brand campaign, "Come to TurboTax." The integrated campaign
reminds people that they can come to TurboTax and not do their taxes. Instead
they can meet with a dedicated TurboTax Expert while they do their taxes for
them, so they can get back to: Not Taxes.
"After
decades of leadership in the online tax preparation category, TurboTax has
become synonymous with DIY. With this year’s campaign, we’re changing that
narrative by letting customers know they can come to TurboTax and NOT do their
taxes," said Cathleen Ryan, SVP of Marketing for Intuit TurboTax. "We
believe that TurboTax has the best assisted tax experience in the market.
People can sit down from the comfort and privacy of home and in one meeting,
have their taxes prepared, signed, filed and then get back to doing what they
love: Not Taxes."
This
is the third year the brand campaign is focused on the company's TurboTax Live
offerings. Leveraging Intuit’s AI-driven expert platform, TurboTax Live matches
filers with a tax expert with the experience to handle their unique tax
situation, who, in just one meeting, will prepare, sign and file their taxes
for them. No more waiting or wondering, just taxes done right and off the mind.
The
Come to TurboTax" campaign has a total of seven films and will culminate
with a spot in the NFL Super Bowl LVII, the brand’s tenth year in The Big Game.
In addition, TurboTax will once again be the presenting sponsor of both the AFC
and NFC Divisional and Championship Games. The integrated campaign will span
broadcast, digital, audio and social with digital partnerships with Roku,
Twitch, Spotify, and BuzzFeed. TurboTax will also be one of the brands to run
media on the recently launched Netflix ad supported plan, giving the brand the
opportunity to reach the highly engaged Netflix audience throughout the tax
season.
This
year, over the Black Friday and Cyber Monday weekend, two subsidiaries of Block, Inc. (NYSE:
SQ)
Square and Afterpay, reported that
their sellers saw more than 61M transactions as consumers globally kicked off
the holiday shopping season. Square and Afterpay’s Festive
Forecast report indicated that nearly 80% of consumers intend to
spend the same if not more compared to last year, signaling that sellers should
continue to prepare for buyer demand during the holidays.
The
peak minute for shopping occurred on Monday, November 28 at 11:15 am ET. Cities
with the largest volume of sales were New York & Brooklyn, London, Los
Angeles, San Francisco, Chicago, and Toronto. As for staffing over the busy
shopping weekend, Square found a 19% increase in the number of employees who
worked, with more than 260,000 employees working a total of 3.8M hours; the
average employee clocked around 14 hours.
"The
Black Friday and Cyber Monday weekend kicks off the biggest shopping season for
businesses – but it’s only the beginning," said Alyssa Henry, Head of
Square. "We’re entering a pivotal month for businesses to end the year
with strong momentum, especially given recent headwinds. Sellers should
leverage multiple revenue streams across online and in-person to ensure a
successful holiday season, using software like marketing and loyalty programs
to keep their business top of mind and to attract customers."
Transactions
of Buy Now, Pay Later (BNPL) methods through Afterpay grew 120% compared to
pre-holiday across online and in-person. This is in line with findings from
Square and Afterpay’s Festive
Forecast report where one in six Americans reported that they
planned to use BNPL during the gift-giving period.
Galileo
Financial Technologies, LLC, a leading financial technology
company owned and operated independently by SoFi Technologies, Inc. (NASDAQ:
SOFI), last
month announced the launch of Galileo Direct Deposit Switch.
Powered by Atomic, the infrastructure provider for connecting with payroll
accounts, Galileo’s Direct Deposit Switch functionality gives the company’s
fintech clients an opportunity to better serve consumers by offering faster
access to their wages and a more streamlined approach to redirecting part or
all of their paychecks into a financial services accounts of their choice.
With
Galileo Direct Deposit Switch, customers can quickly and easily set-up and
update their payroll direct deposit information, specify how much of their
wages to deposit in their accounts, create accounts for specific purposes,
including a vacation or education fund, and make recurring deposits to multiple
accounts. The new financial feature also eliminates processing delays, gives
users peace of mind by instantly verifying requests, and empowers workers with
greater control over where they route their funds.
Approximately
93% of U.S. consumers receive their
paycheck by direct deposit. However, the direct deposit experience is laden
with manual friction that commonly occurs during onboarding when workers join a
new employer or request to update their disbursements, such as changing their
primary account on file or splitting their paycheck routing across two or more
accounts.
"Recent
Galileo research shows people are keeping money in more accounts, and they want
fast, flexible ways to move and manage their money," said David Feuer,
Chief Product Officer at Galileo. "We are proud to partner with Atomic to
help our bank and fintech clients simplify direct deposit onboarding, drive
higher customer lifetime value and boost access to financial services that will
enhance everyone’s financial future. As we continue to accelerate digital
banking, Galileo Direct Deposit Switch will be the best way to drive value for
our clients’ ledgers."
"For
financial institutions and fintech firms, a steady deposit stream is key to
account profitability. These benefits extend to businesses as they look to
leverage digitized and automated direct deposit payroll processes that present
enormous financial opportunities," said Lindsay Davis, Head of Markets for
Atomic. "Clients leveraging payroll connectivity solutions, such as direct
deposit switching, have seen as high as a 3-4X lift on direct deposit acquisition
when benchmarked to other solutions."
Galileo
Direct Deposit Switch is available for most top employers and incumbent payroll
providers, bespoke enterprise solutions, modern HR tech providers, gig-economy
platforms and government systems via Atomic’s network of payroll coverage. To
learn more about embedding this financial feature as part of a broader approach
to eliminating friction, activating newly onboarded clients and giving existing
customers simpler options for directing their payroll funds, download Galileo's
new resource, The Payments Growth and Activation Playbook.
From
a recent BloombergLaw
article: “A 2021 study shows
that more than 50% of loans to Black-owned businesses under the pandemic’s
Paycheck Protection Program came from fintech lenders—doubling such lending
executed from manual-process small banks. The improvement is easy to
understand. Automation can empower smaller lenders, increase financial
inclusion, and reduce reliance on payday lenders.”
AI
tools can tap into a cache of data not used in traditional credit reports to
create more accurate risk assessments essential to obtaining credit and other
financial services.
As
many indicators point to a possible recession ahead, Fintech companies may
provide some much needed lending and support solutions for both small
businesses as well as their consumers which could be a great thing for this
market segment as well as individual financial freedom.
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