New York, New York (NetworkNewsWire) – The growth potential for
FINTECH is significant, and the opportunities for disruptive
innovation within this burgeoning market are virtually endless.
Goldman Sachs has projected that new entries in FINTECH stand to
disrupt more than $4.7 trillion of revenue from traditional
financial services companies.1 The emerging FINTECH
market is still in its infancy, but investor attention has been
substantial, and entities have been raising large amounts of
venture capital within this space. In 2015, the value of global
FINTECH investment increased by 75 percent, reaching $22.3
billion.2 Standout publicly traded innovators making
strides within the FINTECH market include Global Payout,
Inc. (GOHE) (GOHE
Profile), Square, Inc. (SQ),
PayPal Holdings, Inc. (PYPL), Jack Henry
& Associates, Inc. (JKHY) and SS&C
Technologies Holdings, Inc. (SSNC).
Global Payout
(GOHE) is focused on next-generation B2B solutions for
automating international funds transfer, payments, billing and
invoicing processes. Founded in 2009 as a prepaid card company,
Global Payout has now evolved to provide comprehensive payment
solutions that can be fully customized to meet the needs of
virtually any domestic and international organization distributing
money throughout the world.
The company’s proprietary Global Reserve Platform (GRP) platform
is touted as the most powerful, customizable and extensible
platform for managing any financial product, including core and
traditional banking products; mobile, web and bot banking; prepaid
card, debit card and credit card management; mobile wallets; and
more.
Focused on business-to-business needs, this technology enables
Global Payout to deliver the necessary infrastructure for financial
institutions, corporations, brands and governments to launch and
then successfully manage payment and next-generation commerce
products. The company’s product suite is global-ready and
incorporates document delivery, virtual and mobile payments,
loyalty and other back-office card management solutions.
As discussed in a recent corporate interview (http://nnw.fm/x9OSy), GRP is in the process of
integrating blockchain technology within virtual currency markets
such as bitcoin; currently adopts 26 foreign languages; performs
currency exchange worldwide; and offers compliance in KYC for all
account holders and merchants.
While Global Payout is primarily focused on logistics and
shipping, international travel companies, banks and
small-to-medium-sized businesses, the company has also identified
areas of interest in cryptocurrency and cannabis.
The application of FINTECH in this regard is demonstrated in a
deal between Global Payout’s majority-owned subsidiary, MoneyTrac
Technology, Inc. (MTRAC), and H Smart Inc., a division of Marijuana
Company of America. Per the agreement, announced in early August
(http://nnw.fm/2lvKq), H Smart will use the
technology offered through MTRAC’s platform to pay commissions for
its affiliates. Global Payout anticipates that these load payments
and bank account transfers will create significant revenue for
MTRAC, which will be realized during this fiscal quarter. This
arrangement also provides MTRAC an opportunity to indirectly enter
the multi-billion-dollar cannabidiol (CBD) market, as H Smart is
engaged in developing and distributing innovative wellness and CBD
products.
Another recent agreement, dated August 14 (http://nnw.fm/q5L8I), reveals another revenue stream
for Global Payout through a licensing agreement with Cagney Global
Logistics. This agreement is for exclusive white labeling and
implementation of the GRP into Cagney’s existing delivery and
payment component. The finalization of this marketing agreement is
anticipated to provide Global Payout with a revenue stream as soon
as the start of the third quarter while providing Cagney with
improved payment and supply chain efficiency.
"The Global Reserve Platform provides Cagney Global Logistics,
our e-commerce customers, and 'Final Mile' delivery partners
anywhere in the United States, a true market differentiator for
streamlining payment solutions and pipeline visibility. Home and
office web sale deliveries for the exploding 'e-tailer' marketplace
is by far the hottest space in logistics today. Customer success is
our goal, and Global Payout has provided us with a truly unique
solution to speed delivery, payment options and cloud based control
tower visibility,” Cagney founder and CEO Tom Cagney stated in the
press release.
A broader look at Global Payout demonstrates the company’s
position as a problem solver to companies in need of quick and
cost-effective payment solutions, led by a management team with
foresight to explore, adapt and grow within changing market
opportunities.
Another well-known FINTECH player, Square, Inc.
(SQ), started out in 2009 by providing businesses with a
means of accepting card transactions via mobile devices and has
since grown into a full-service payments solutions platform,
helping sellers of all types and sizes form, operate and grow their
businesses. Square helps sellers accept card payments and provides
them with reporting and analytics information, next-day settlement
and chargeback protection. The company’s point-of-sale software and
other business-related services assist sellers with managing their
inventory, locations and workers; accessing financing; engaging
customers; and increasing sales.
PayPal (PYPL) is also a well-known standout in
the FINTECH industry and is focused on democratizing financial
services and enabling individuals and businesses to take part
in—and thrive in—the global economy. PayPal’s open digital payments
platform emboldens the company’s 210 million active account holders
to connect and transact with confidence no matter what type of
device they are using. Through both strategic partnerships and
technological innovation, PayPal provides superior means of
managing and moving money and also gives users options and
flexibility for paying, sending payments and getting paid. The
PayPal platform, which includes Braintee, Venmo and Xoom, is
available in more than 200 markets globally and lets consumers and
merchants receive money in over 100 currencies, withdraw money in
56 currencies, and hold PayPal account balances in 25
currencies.
Jack Henry & Associates, Inc. (JKHY) is
another leader in providing computer systems and electronic payment
solutions, chiefly for financial services organizations. The
company’s solutions serve over 9,000 customers throughout the
United States, and Jack Henry & Associates offers over 300
products and services that enable customers to process financial
transactions, automate their business, and achieve success in a
marketplace that is increasingly competitive. The company has three
bands—Jack Henry Banking, Symitar and ProfitStars—and each supports
financial institutions of varying sizes, diverse businesses
operating outside of the financial industry, and other technology
providers. Whether customers desire to drive efficiencies, enhance
compliance, improve platform integration, customize systems or
change operating environments, Jack Henry & Associates provides
proven technology and support to revolutionize their businesses and
help them progress.
SS&C Technologies Holdings, Inc. (SSNC) is
a global financial services software and software-enabled services
provider catering to the global financial services industry. About
11,000 financial services organizations, ranging from huge global
institutions to local firms, utilize SS&C’s products and
services to manage and account for their investments. In 30 years
of operation, SS&C has created a comprehensive array of
software technology within the financial services industry.
It’s an exciting time for investors to get involved in the
FINTECH marketplace, as new developments and innovations forever
change the financial services landscape. FINTECH companies like
those mentioned present promising opportunities and exciting
innovations within this growing market.
Editorial Sources:
1) International Trade Administration: http://nnw.fm/f9y7V
2) Accenture Consulting: http://nnw.fm/7KgQi
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