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Wednesday, March 20, 2024
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The Hunt for the Best in Fintech – (NASDAQ: $APCX) (NASDAQ: $JKHY) (NASDAQ: $FUTU) (NASDAQ: $PYPL) @AppTechCorp @JH_Fintech @PayPal
The
Hunt for the Best in Fintech – (NASDAQ: $APCX) (NASDAQ: $JKHY) (NASDAQ: $FUTU)
(NASDAQ: $PYPL) @AppTechCorp @JH_Fintech @PayPal
Leadership, Innovation,
AI Technology Shaping Future Growth
March
20, 2024 - Investorideas.com, a
leading investor news resource covering Fintech stocks releases a special news report
on Fintech leaders and innovation recognized by the industry, featuring AppTech
Payments Corp. (NASDAQ:APCX), a
pioneering Fintech company powering frictionless commerce.
Read this article,
featuring APCX in full at https://www.investorideas.com/news/2024/technology/03201Fintech-Stocks.asp
Report Ocean says, ”The
global Fintech market is on an unparalleled growth trajectory, projected to
soar at an impressive CAGR of 25.0% from 2022 to 2028. Fueled by the surging
popularity of digital payments, widespread adoption of IoT-connected devices,
substantial investments in technology-driven solutions, and supportive
government regulations, the Fintech sector is reshaping the financial services
landscape.”
“Escalating
investments in technology-driven solutions, including Artificial Intelligence
(AI), Machine Learning (ML), cloud computing, and blockchain, are propelling
the Fintech sector forward.”
With
strong growth on the horizon for Fintech stocks, the Industry is recognizing excellence
and innovation in payments and financial technology to showcase the
leaders. .
AppTech
Payments Corp. (NASDAQ:APCX), a
company that has been building its patent portfolio in the
sector for years recently announced it
signed an agreement to provide its FinZeo™ platform services to a credit union
network with over 2,000 locations. Platform integration is expected to begin in
March with completion anticipated in Q2 2024.
From the News: Following
its launch, the FinZeo credit union offering is expected to be available to
credit unions nationwide, positioning it as the Fintech platform of the future
for credit unions and legacy banks. In 2022, there were over 4,700 credit
unions in the US with total assets reaching as much as $2.17 trillion.
The
FinZeo platform offers custom eco-solutions to enable immersive, high
conversion, seamless user experiences for customers with minimal effort.
Continued: As
Fintech continues to drive innovation in banking, legacy banks are challenged
to keep up with and effectively compete against newer and larger financial
services providers. FinZeo offers a turnkey competitive boost to legacy banks,
powering them with technology services to offer better experiences to their
members for a broad range of functions from mobile payments to ACH, and credit
card processing.
“The
roll-out of our FinZeo platform for the credit union ecosystem, which continues
to grow in assets, presents significant opportunity to provide a fast,
cost-efficient transition from legacy systems to tomorrow’s best-of-breed
Fintech platforms. FinZeo is a great solution for credit unions and we expect
to get solid traction in the space upon this rollout,” stated Luke D’Angelo,
AppTech’s Chairman & CEO.
Named
as an Iconic CEO to
Follow in 2024, CIO Views says, “Luke D’Angelo CEO of
AppTech Payments Corp. stands out for his innovative leadership and unmatched
vision in the Fintech industry.AppTech Payments Corp. isn’t just a Specialty
Payments company; it’s a driving force for seamless commerce experiences.
FinZeo™, their differentiated digital platform removes the complexity of
payment transactions for businesses of all sizes.”
Continued: As its
CEO says, “We are the Leader in Specialty Payments focusing on building custom
eco-solutions using our patented technologies.” This devotion to innovation
translates to empowered clients, delivering high conversion and seamless user
journeys with minimal effort.
Continued: But
AppTech doesn’t stop there. Their unified Commerse™ Portal is a game-changer,
as it revolutionizes how ISO/ISVs manage payments and banking.. This portal
drives operational efficiencies and growth, meeting the economic demands of
merchants. Within FinZeo, ISO/ISVs can access a comprehensive suite of
solutions, tailoring white-labeled portals to their preferences and
requirements.
Recently
recognized for its excellence in Fintech, Jack Henry (Nasdaq: JKHY) announced earlier this month that its Financial Crimes
Defender has been selected as winner of the Best Fraud Prevention Platform
award in the eighth annual FinTech Breakthrough Awards program conducted by
FinTech Breakthrough, an independent market intelligence organization that
recognizes the top companies, technologies, and products in the global Fintech
market today.
From the news: Jack
Henry Financial Crimes Defender uses advanced Artificial Intelligence (AI) and
behavioral analytics to proactively identify new fraud and bank secretary act
(BSA) trends in real-time including those involving checks, deposits,
transfers, ACH transactions, and instant payments. It is built on a scalable
cloud architecture with an intuitive user interface and analytics to reduce
false positives. By automating repetitive tasks, Financial Crimes Defender
reduces manual work in investigations.
Continued: "Financial
Crimes Defender solves the fundamental problem for banks and credit unions –
management of financial crime risk through proactive and automated detection,"
said Steve Johansson, Managing Director, FinTech Breakthrough. "We're
thrilled to recognize Financial Crimes Defender as 2024's Best Fraud Prevention
Platform. By bundling fraud and AML solutions, financial institutions of all
sizes can make faster, more informed decisions, minimize false positives and
wasted resources, and improve operational efficiency."
Futu,
a leading Fintech company specializing in securities trading and wealth
management (Nasdaq: FUTU) announced earlier
this year that its subsidiary, Futu Securities International, has received
several prestigious investment awards from the Chicago Mercantile Exchange
(CME). This recognition validates its influence and industry positioning,
particularly in the field of futures and options investments.
Subsidiary
of Futu Holdings Limited, Moomoo Technologies Inc. announced on
Monday that FinTech Breakthrough recognized the company with its 2024 annual
award of "Best Stock Trading App."
Founded in 2018, moomoo is an investment and trading platform that
empowers global investors with pro-grade, easy-to-use tools, data, and
insights.
CNBC
and independent research firm Statista announced they
are working together for a second year to identify the world’s top Fintech
companies, to be named in a published CNBC report this July.
Last
year’s list of the top 200
Fintech companies included Chinese tech giants Ant Group and
Tencent, US Fintech firms PayPal (NASDAQ: PYPL) and
Stripe, and European companies like Klarna and Revolut.
PayPal
Holdings, Inc. recently announced that
Tap to Pay on iPhone is now available for all Venmo business profile and PayPal
Zettle users in the US, enabling them to accept contactless card and digital
wallet payments directly on their iPhones with no additional cost or hardware.
This is the latest development in PayPal's ongoing efforts to help small
businesses sell more, grow their business, and manage their finances more
efficiently.
From the news:
Consumers are increasingly going cashless. More than 40 percent of Americans
surveyed say that none of their purchases are made with cash in a typical week,
and that trend is expected to continue. As a result, accepting card and digital
wallet payments in person is increasingly table stakes for small businesses,
but until recently, businesses have had to purchase and manage card readers to
do so. With Tap to Pay on iPhone, PayPal is helping millions of small
businesses adapt to this shift in consumer behavior in a fast, easy, and more
affordable way.
For
investors, industry recognition is another tool for due diligence, but using
the company’s technology is the best first hand test for defining the winners
of the future.
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Tuesday, March 19, 2024
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Fintech Market Size Projected To Grow To $882 Billion By 2030 As Advanced Technologies & Services Expand; @FNMgroup
Fintech Market Size Projected To Grow To $882 Billion By 2030 As Advanced Technologies & Services Expand; @FNMgroup
Palm Beach, FL – March 19, 2024 – FN Media Group News Commentary – FinTech companies provide various financial technology services, tools, or solutions to other businesses (B2B) as a service. These services are typically delivered over the cloud, allowing other companies to integrate and use financial technology capabilities without developing these technologies in-house. Moreover, financial technology providers offer a wide range of financial services and technology solutions, including payment processing, Peer To Peer (P2P) lending platforms, fraud detection, blockchain technology, and more solutions. These services are significantly used by banks, financial institutions, insurance companies, and others. Thus, growing focus on adoption of advanced technology in financial institutions to fulfill customer expectations is expected to drive the fintech industry growth. A report from Fortune Business Insights projected that the fintech market size is projected to grow to USD 882.30 billion by 2030, exhibiting a CAGR of 17% during the forecast period (2023-2030). The report said: “The pandemic accelerated the digital transformation of financial services. As businesses and consumers increasingly turned to online and mobile banking, there was a growing demand for financial technology platforms. In addition, financial technology companies offering payment and transaction processing services experienced a surge in demand as e-commerce, contactless payments, and digital wallets became more prevalent during the pandemic.” Active companies in the markets this week include AppTech’s FinZeo(TM) (NASDAQ: APCX), Nu Holdings Ltd. (NYSE: NU), PayPal Holdings, Inc. (NASDAQ: PYPL), Global Payments Inc. (NYSE: GPN), SoFi Technologies, Inc. (NASDAQ: SOFI).
Read this in full at https://www.financialnewsmedia.com/fintech-market-size-projected-to-grow-to-882-billion-by-2030-as-advanced-technologies-services-expand/
Fortune Business Insights continued: “Moreover, the economic impact of the pandemic led to an increased demand for lending and credit services. These companies offering digital lending platforms and credit scoring solutions saw growth in this period. These factors fueled the fintech market growth during the pandemic. North America is leading the fintech market share globally with market value of USD 89.61 billion in 2022. The growing need for customization, regulatory compliance, cross-selling opportunities, and FinTech industry trends are some of the key factors driving market growth in the region. North America, particularly Silicon Valley, is a global center for fintech innovation. Financial technology leverages this environment to drive continuous innovation in financial services.”
AppTech’s FinZeo(TM) (NASDAQ: APCX) Fintech Platform to Roll Out to Credit Union Network with Over 2,000 Locations – Company’s largest banking integration to date plans to roll-out to credit unions nationwide: one-third of Americans have credit union memberships – AppTech Payments Corp. (“AppTech”), a pioneering Fintech company powering frictionless commerce, recently announced it has signed an agreement to provide its FinZeo™ platform services to a credit union network with over 2,000 locations. Platform integration is expected to begin in March with completion anticipated in Q2 2024.
Following its launch, the FinZeo credit union offering is expected to be available to credit unions nationwide, positioning it as the Fintech platform of the future for credit unions and legacy banks. In 2022, there were over 4,700 credit unions in the U.S. with total assets reaching as much as $2.17 trillion.
The FinZeo platform offers custom eco-solutions to enable immersive, high conversion, seamless user experiences for customers with minimal effort.
As Fintech continues to drive innovation in banking, legacy banks are challenged to keep up with and effectively compete against newer and larger financial services providers. FinZeo offers a turnkey competitive boost to legacy banks, powering them with technology services to offer better experiences to their members for a broad range of functions from mobile payments to ACH, and credit card processing.
“The roll-out of our FinZeo platform for the credit union ecosystem, which continues to grow in assets, presents significant opportunity to provide a fast, cost-efficient transition from legacy systems to tomorrow’s best-of-breed Fintech platforms. FinZeo is a great solution for credit unions and we expect to get solid traction in the space upon this rollout,” stated Luke D’Angelo, AppTech’s Chairman & CEO. CONTINUED… Read this full press release and more news for AppTech Payments Corp. at: https://apptechcorp.com/press-release/
Other recent developments in the tech industry of note include:
Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, recently released its Fourth Quarter and Full Year 2023 financial results. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company’s Investor Relations website at www.investors.nu.
“We are building the largest consumer platform in Latin America, with strong earnings-generating capabilities, having delivered over $8 billion in revenues and $1 billion in net profit in 2023. As we work towards surpassing the 100 million customers milestone in 2024, we are investing heavily in new growth avenues to keep transforming potential into profit. We are unlocking the untapped opportunity of our secured and unsecured lending portfolio, gaining share in the upmarket segment in Brazil, and strengthening our presence in Mexico and Colombia with new products and features. This proves our ability to accelerate our company-wide flywheel beyond our core market and keep pursuing further opportunities,” said David Vélez, founder and CEO of Nubank.
PayPal Holdings, Inc. (NASDAQ: PYPL) recently announced its fourth quarter and full year 2023 results for the period ended December 31, 2023. The earnings release and related materials discussing these results can be found on PayPal’s investor relations website at https://investor.pypl.com/financials/quarterly-results/default.aspx.
PayPal Holdings, Inc. recently hosted a conference call to discuss these results. A live webcast of the conference call will be available at https://investor.pypl.com. In addition, an archive of the webcast will be accessible through the same link.
PayPal has remained at the forefront of the digital commerce revolution for more than 25 years. By leveraging technology to make sending money and shopping more convenient, affordable, and secure, the PayPal platform is empowering hundreds of millions of consumers and merchants in approximately 200 markets to join and thrive in the global economy.
Global Payments Inc. (NYSE: GPN) recently announced results for the fourth quarter and year ended December 31, 2023. “We are pleased with our results for the fourth quarter and full year 2023 that were ahead of our initial expectations outlined last February,” said Cameron Bready, President and Chief Executive Officer. “Importantly, we saw consistent business performance throughout the year despite ongoing uncertainties, highlighting the durability and resiliency of our business model.”
Bready continued, “We also accomplished a great deal strategically last year, including successfully closing our acquisition of EVO Payments in March, providing further penetration into integrated payments, enhancing our B2B capabilities and expanding our exposure to stronger secular growth markets. Further, we completed the exit of our Netspend Consumer and Gaming Solutions businesses. These transactions represent important milestones as we seek to advance our strategy and operate a simpler business model centered on our core corporate and financial institution customer base.”
SoFi Technologies, Inc. (NASDAQ: SOFI), Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc., recently announced an expansion of its relationship with The Bancorp Bank, NA, that enables real-time payments services. Using the RTP® network from The Clearing House, Galileo and The Bancorp are delivering instant money movement between bank accounts, enabling fintechs and brands to solve the longstanding cash flow challenges faced by small businesses (SMBs) and consumers looking to get fast access to their funds.
Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable. In Q3 2023, transaction volume and value over the RTP network hit a record high of 64 million transactions at $34 billion, according to The Clearing House.
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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM expects to be compensated twenty five hundred dollars for news coverage of the current press releases issued by AppTech Payments Corp. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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