Welcome to our dedicated page for BM Technologies news (Ticker: BMTX-WT), a resource for investors and traders seeking the latest updates and insights on BM Technologies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BM Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BM Technologies's position in the market.
BM Technologies (BMTX) Announcement
BM Technologies, Inc. (NYSE: BMTX) has announced that CEO Luvleen Sidhu will participate in a panel discussion at LendIt Fintech USA 2021 on April 27, 2021. The panel, titled “Addressing Infrastructure’s Legacy Challenge,” is part of the conference’s track on digital banking. Sidhu will share insights on how BMTX's Banking-as-a-Service model revolutionizes traditional banking. BM Technologies serves over two million account holders and partners with 725 campuses to provide digital banking solutions.
BM Technologies (BMTX) announced the appointment of Hans Fleming as SVP, Director of Business Development, and Melanie Mathias as SVP, Director of Marketing. Fleming, with over 25 years in the payments and banking sector, will drive innovation and partnerships, while Mathias, a marketing expert with experience at major firms like GE and Barclays, will enhance customer engagement through strategic marketing initiatives. The company continues to focus on its Banking-as-a-Service model and recently expanded partnerships, aiming to empower customers in a digital-first banking environment.
BM Technologies (NYSE: BMTX, BMTX.W) announced that CEO Luvleen Sidhu has been recognized in several prestigious finance lists, including the Women in FinTech Powerlist 2020 and New York Women in Banking. Under Sidhu's leadership, BMTX became a publicly traded company in January 2021 through a SPAC merger. The platform serves over two million account holders and operates a Banking-as-a-Service model, providing financial services to approximately one in three college students in the U.S. Sidhu is also acknowledged for her contributions to the fintech sector.
BM Technologies (BMTX) reported disbursing $377 million in government funds since March 2020, indicating strong customer reliance on their digital banking services. The company offers no-fee accounts while traditional banks are projected to collect over $30 billion in fees this year. As of now, BM Technologies serves over two million account holders and utilizes a multi-partner distribution model through its BaaS platform. Recent collaborations with T-Mobile and Google aim to enhance its service offerings, further solidifying its market presence.
BM Technologies (NYSE: BMTX, BMTX.W) announced that its CEO and Founder, Luvleen Sidhu, was recognized as one of Crain's New York Business 2021 Notable Women on Wall Street. This acknowledgement highlights her contributions to the financial sector and commitment to mentoring women. Under her leadership, BMTX went public in January 2021 through a merger with Megalith Financial Acquisition Corp. The company employs a unique Banking-as-a-Service (BaaS) distribution model, serving over two million account-holders, primarily in the education sector.
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) has introduced Vendor Pay, a digital disbursement solution aimed at automating the accounts payable process, primarily for colleges and universities. This innovation simplifies payment processing, reduces manual errors, and enhances operational efficiency. Vendor Pay integrates with enterprise resource planning systems, allowing organizations to improve cash flow visibility and control costs. The platform, developed in partnership with PayClearly, seeks to alleviate common payment challenges faced by educational institutions.
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) announced that Luvleen Sidhu, Chair, CEO, and Founder, will participate in a fireside chat at Maxim Group’s 2021 Emerging Growth Virtual Conference on March 18, 2021, at 10:30 AM EDT. Sidhu will discuss the company's journey from inception in 2014 to becoming publicly listed via SPAC in January 2021, along with developments in the fintech sector. BM Technologies provides Banking-as-a-Service (BaaS) to over two million account holders and serves approximately one in three U.S. college students through its partnerships.
BM Technologies Inc. (BMTX) reported strong growth in its 2020 results, with serviced deposits increasing by 139% to $960 million and new business serviced deposits up 579% year-over-year. The company recorded GAAP revenues of $66.9 million, an 8% decrease from 2019, while pro forma core revenues rose by 9%. EBITDA turned positive at $3.5 million. The firm added nearly 450,000 accounts in 2020, with debit card spending increasing by 18% to $2.8 billion. Looking forward, BMTX anticipates accelerating growth in 2021, bolstered by strategic partnerships and product expansions.
BM Technologies, Inc. (NYSE American: BMTX, BMTX-WT) will announce its fourth quarter and full year 2020 results on March 16, 2021, after market close. This announcement will be available on the company's investor relations website. BM Technologies is a major digital banking platform in the U.S., facilitating checking and savings accounts, personal loans, and credit cards. The company operates under a Banking-as-a-Service (BaaS) model, serving over two million customers and providing services at around 725 educational institutions nationwide.
