Benzinga News Feed

  • Fintech - 20 May 2022, 11:30 pm

    SAN JOSE, Calif., May 20, 2022 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the expiration and results of its previously announced offer to purchase for cash any and all of the company's outstanding notes listed in the table below (collectively, the "Notes"). Each reference to an "Offer" herein refers to the applicable offer to purchase for cash the 2.200% Senior Notes due September 2022 (the "2022 Notes") or the 1.350% Senior Notes due June 2023 (the "2023 Notes"), as applicable. The Offer was made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 16, 2022 (as amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the…Read More

  • Fintech - 20 May 2022, 10:00 pm

    The global technology partner will be joining worldwide leaders of the financial services arena at the largest fintech event in New York City. NEW YORK, May 20, 2022 /PRNewswire-PRWeb/ — Blankfactor, a technology provider of end-to-end digital transformation solutions for financial services, has announced it's attending LendIt Fintech next week, May 25-26. The event is set to gather 4000+ of the most renowned leaders in the financial technology space. Blankfactor's Senior Executive Team on site will include the company's CEO, Michael Wear; GM of Payments, Scott …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 9:30 pm

    TORONTO, May 20, 2022 /CNW/ – Prodigy Ventures Inc. (TSXV:PGV) ("Prodigy" or the "Company") today announced its financial results for the three months ended March 31, 2022. "Prodigy is seeing increased demand for its technology services, despite ongoing tight conditions in the talent market," said Tom Beckerman, Prodigy's Chairman and CEO.  "The Company's pipeline for its tunlTM open banking and IDVerifactTM digital identity platforms also continues to grow, adding opportunities for additional high margin recurring revenue." First Quarter 2022 Financial Results Revenue for the three months ended March 31, 2022 totalled $3,377,315 as compared to $3,328,987 for the three months ended March 31, 2021, an increase of 1%. Gross profit for the three months ended March 31, 2022 of $1,161,024 as compared to $906,119 for the three months ended March 31, 2021, an increase of 28%. Operating expenses for the three months ended March 31, 2022 of $1,428,580 as compared to…Read More

  • Fintech - 20 May 2022, 9:00 pm

    NEW YORK, May 20, 2022 /PRNewswire/ — Ideanomics (NASDAQ:IDEX) ("Ideanomics" or the "Company") today announced that on May 17, 2022 the Company received a notice (the "10-Q Notice") from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Form 10-Q for the period ended March 31, 2022 (the "Form 10-Q") and because the Company remains delinquent in filing its Form 10-K for the period ended December 31, 2022 (the "Form 10-K" and, together with the Form 10-Q, the "Delayed Reports"), the Company is no longer in compliance with Nasdaq Listing Rules for continued listing. …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 8:15 pm

    LINCOLN, Neb., May 20, 2022 /PRNewswire/ — Nelnet Campus Commerce, a division of Nelnet, Inc. (NYSE:NNI), a leader in secure payment technology in higher education, today announced the addition of Brittany Hubbard as director of higher ed product strategy. Hubbard most recently served as associate treasurer and university bursar at Indiana University. "I could not be more excited to have Brittany join the Nelnet Campus Commerce team! Her stellar reputation and vast experience in higher education ensures the evolving needs of our institution partners will be understood and met for years to come," said Jackie Strohbehn, president of Nelnet Campus Commerce. Throughout her career in higher education, Hubbard has worked in a number of roles, gaining a broad range of experience including bursar, financial aid, registrar, advising, enrollment management, and accounting. She joined Indiana …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 7:33 pm

    MetaGaia METG Wallet Simplifies Purchases for Upcoming Metaverse and P2E Game HONG KONG, May 20, 2022 /CNW/ — Advokate Group, a global leader in blockchain technologies, today announced the release of its own native wallet in preparation for the launch of its premier experience-to-earn metaverse, MetaGaia. The MetaGaia Wallet will be used to hold users' $METG, a native token for the MetaGaia metaverse. Wallet users will enjoy early access to the soon-to-be-released $METG tokens, which can be purchased, earned in airdrops and won in the MetaGaia metaverse through battle tournaments in HexaHero and other activities. Compared non-native coins, $METG will enable faster transactions when purchasing MetaGaia NFTs and other digital goods within the MetaGaia metaverse. MetaGaia wallet enables the users to purchase $METG by credit cards. Also, the MetaGaia wallet is customizable, including a username and a …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 5:00 pm

    Conference Aims to Encourage Companies to Sign Investor Bill of Rights and Launch First Cryptocurrency Financial Literacy Curriculum ATLANTA, May 20, 2022 /PRNewswire/ — Today, Operation HOPE hosted a Cryptocurrency + Digital Assets Summit that gathered a distinguished group of leaders from the regulatory community and digital finance space to examine the role of digital assets in today's economy. Themed "The Crypto Revolution: For Better or For Worse," the event was co-hosted by Operation HOPE Founder and CEO John Hope Bryant and Acting Comptroller of the Currency Michael Hsu. During the inaugural HOPE Global Forums Cryptocurrency and Digital Assets Summit, leading voices from the public and private sectors explored the opportunities and challenges associated with crypto and digital assets such as NFTs and tokens. Regulators in the U.S., including the federal government's top three officials who are …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 2:00 pm

    Gas prices are high, energy stocks are all over the map, there’s a push to move to electric vehicles, and of course, a push against it.  Where does that leave us? Historically, progress is undefeated. While electric transportation has its shortcomings, it’s hard to see a future where electric vehicles don’t exist in some capacity – growing as time progresses.  Globally, mandates and policies have pushed companies in the direction of more eco-friendly electric alternatives.  Consider Germany, whose 5 Trillion-dollar economy imports about 100 billion dollars worth of energy.  This makes up only about 2% of GDP, however, you can’t run the economy without a stable energy supply.  Germany set incredibly ambitious goals regarding the decrease of carbon emissions by 2030.  Germany, Europe’s largest …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 2:00 pm

    Early this month a story was published across various news outlets about Laura Young, who found a beautiful sculpture at an Austin, TX Goodwill Boutique.   Early this month a story was published across various news outlets about Laura Young, who found a beautiful sculpture at an Austin, TX Goodwill Boutique.   Laura is an antiques collector and thought she found something nice.  The sculpture was heavy and appeared to be made out of real marble.  The $35 price tag seemed a little bit high for a Goodwill store, but its beauty and strength made the purchase an easy decision. Fast forward through countless conversations with art historians, lawyers, and …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 1:29 pm

    Image sourced from Pixabay This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. In today’s world, financial crimes are becoming an everyday occurrence. Hackers and fraudsters are finding new ways to manipulate important records and intercept time-sensitive payouts. With fraud attacks against fintech companies seeing an increase of 70% last year, it is top priority for companies to find new ways to combat fraud and keep their customers’ money safe. As hackers continue to look for gaps in companies’ code and document review processes, fintech companies are stepping up their collective security game. Many are employing risk management strategies to reduce fraud, and some of these strategies aim to increase productivity as well. Technological advancements are allowing organizations to do both in one fell swoop. Here are some of the latest ways that fintech companies are taking a stand…Read More

  • Fintech - 20 May 2022, 1:00 pm

    The national delinquency rate fell to 2.80% in April, down four basis points from March, hitting a new record low for the second consecutive month Overall delinquencies are down nearly 40% from last year as the mortgage market continues to recover from pandemic-related impacts The number of borrowers who are a single payment past due increased 7.9% month-over-month, following typical seasonal patterns This was offset by strong improvement among borrowers who are three or more payments past due – with volumes falling by 8% month-over-month Though such serious delinquencies have fallen between 6%-12% in each of the past 14 months, volumes remain more than 55% above pre-pandemic levels Despite still-elevated serious delinquency levels, foreclosure starts dropped nearly 12% from March and are holding well below pre-pandemic levels – though active foreclosures edged slightly higher Prepayment activity fell by 19.1% from March and 61.8% from a year ago as interest rates…Read More

  • Fintech - 20 May 2022, 1:00 pm

    New White-Glove Services will allow Large-Scale Bitcoin Mining at Low Operating Costs NEW YORK, May 20, 2022 /PRNewswire/ — Compass Mining ("Compass" or "the Company"), the world's first and largest online marketplace for bitcoin mining hardware, hosting, and reselling, today announced the launch of their new white-glove services for large-scale and enterprise clients, allowing funds and family offices to mine bitcoin with minimal operational lift. Now, with the help of a team of mining advisors, Compass Mining is able to offer hassle-free bitcoin mining to enterprise clients. Tailored to meet the needs of large-scale clients, funds and …Full story available on Benzinga.com Email Facebook Pinterest Twitter Reddit LinkedIn WhatsAppRead More

  • Fintech - 20 May 2022, 1:00 pm

    MNBD offers a compelling opportunity in the Intermediate Municipal market through an actively managed, value-based strategy WINDSOR, Conn., and DENVER, May 20, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) today announced that SS&C ALPS Advisors, an asset manager and wholly-owned subsidiary of SS&C, launched the ALPS Intermediate Municipal Bond ETF (MNBD). MNBD, which is sub-advised by Brown Brothers Harriman & Co, employs an active, bottom-up investment approach to protect investors' capital and generate attractive risk-adjusted returns. "SS&C ALPS Advisors continues to deliver a robust suite of active ETF strategies for allocators and investors," said Laton Spahr*, President of SS&C ALPS Advisors. "Our partner, BBH, is one of the most experienced managers in the marketplace with decades of experience actively managing municipal bonds. Their unique approach to identifying undervalued municipal securities and building diversified1 portfolios provides investors with tax-free2 income, the potential for capital appreciation, and disciplined risk management." The fund invests in…Read More

  • Fintech - 20 May 2022, 1:00 pm

    RIYADH, Saudi Arabia , May 20, 2022 /PRNewswire/ — The Future Investment Initiative (FII) Institute hosted a London summit about ESG in Emerging Markets, involving world leaders, global CEOs, international investors, thought leaders and heads of sustainability, where:   It unveiled a new Inclusive ESG™ Framework and Scoring Methodology to inform and accelerate ESG investments in emerging economies;   It launched an ESG White Paper calling on investors, governments and companies in emerging markets to raise their game; and   It announced an investment of €500,000 in Timbeter, a leading green tech company.     The new Inclusive ESG™ Framework and Scoring Methodology aims to give unbiased ratings for companies in emerging markets who currently receive less than 10% of ESG flows, despite being home to nearly 90% of the world's population and roughly half of global GDP. ESG rating agencies are one of the main barriers to increasing investment in emerging markets (EMs).…Read More

  • Fintech - 20 May 2022, 1:00 pm

    RIYADH, Saudi Arabia , May 20, 2022 /CNW/ — The Future Investment Initiative (FII) Institute hosted a London summit about ESG in Emerging Markets, involving world leaders, global CEOs, international investors, thought leaders and heads of sustainability, where:   It unveiled a new Inclusive ESG™ Framework and Scoring Methodology to inform and accelerate ESG investments in emerging economies;   It launched an ESG White Paper calling on investors, governments and companies in emerging markets to raise their game; and   It announced an investment of €500,000 in Timbeter, a leading green tech company.     The new Inclusive ESG™ Framework and Scoring Methodology aims to give unbiased ratings for companies in emerging markets who currently receive less than 10% of ESG flows, despite being home to nearly 90% of the world's population and roughly half of global GDP. ESG rating agencies are one of the main barriers to increasing investment in emerging markets (EMs).…Read More