TEK2day

Operating at the Intersection of Technology and the Capital Markets

    Tag: BAC

    • The Federal Reserve Is A FinTech Company In The Making

      The Federal Reserve’s forthcoming digital U.S. Dollar, also known as a Central Bank Digital Currency (“CBDC”) will position the Federal Reserve as one of the world’s largest FinTech companies. It also means less privacy for consumers and more competition for traditional banks and fintech companies. Central Bank Digital Currencies such as China’s digital Yuan and…

    • Square’s Cash App Has A Fraud Problem

      We compared a number of Fintech apps in the Google Play Store. Square’s Cash App ranked #7 (See our analysis for Fintech rankings). Venmo failed to rank in the top 600. Recent Cash App user reviews from the same Google Play Store analysis suggest Cash App is frequently hacked. View our analysis by clicking the…

    • SBA / PPP Small Business Loan Update

      Bank of America (tkr: BAC) CEO Brian Moynihan provided an update about the SBA / PPP loans (tranche II) after Friday’s market close. Approximately $24 billion will be extended to 231,000 small businesses. 50,000 promissory notes have been issued and the remaining 180,000 will be extended over the weekend (additional information in the table below).…

    • Industries Best-Positioned To Go Mobile Post COVID

      We list a handful of industries that may accelerate their mobile workforce and remote capability efforts in the COVID aftermath. ASSET MANAGEMENT: We believe the big opportunity here is for virtual meetings whether they be one-on-one meetings between investors and management teams or full analyst days. Basic video communication and live streaming services are offered…

    • Is Bottomline Technologies (EPAY) Undervalued? A Comp to EPAY-owned Paymode-X Suggests “Yes”.

      Hidden gems. One never knows when he or she may stumble upon such an asset. Paymode-X is one such example. Tickers mentioned in this note and/or podcast: AAPL, AMZN, AXP, BAC, EPAY, FB, FISV, GOOG, GPN, MA, PYPL, SQ, TFC, V A decade ago Bottomline Technologies (ticker: EPAY), acquired B2B payment network “Paymode-X” from Bank…