Mark Begor’s Post

Congratulations to RADCOM (#nasdaq: RDCM), an MS-IR LLC client, on another strong quarter of revenue growth and highest-ever cash levels! First Quarter 2024 Financial Highlights: -Total revenues for the first quarter were $14.1 million, compared to $12.0 million in the first quarter of 2023, 17.5% year-over-year growth. -GAAP net income for the first quarter was $0.8 million, or $0.05 per diluted share, compared to $0.6 million, or $0.04 per diluted share, for the first quarter of 2023. -Non-GAAP net income for the period was $2.8 million, or $0.18 per diluted share, compared to $1.8 million, or $0.12 per diluted share, for the first quarter of 2023. -As of March 31, 2024, the Company had cash, cash equivalents, and short-term bank deposits of $85.3 million and no debt, ending the quarter with its highest-ever cash levels. Hilik Itman, RADCOM's Interim Chief Executive Officer, commented on the results: "We continued our positive momentum from 2023 into 2024 with a revenue increase of 17.5%, a nineteenth consecutive quarter of year-over-year growth. Thanks to our strong execution and careful expense management, we continued delivering profitable growth and generated positive cash flow, reaching a new milestone totaling $85.3 million." To read the full release, click the link in the first comment. Hadar Rahav (Shekasta) #RADCOM #Q12024 #Q1Revenue #FinancialResults #investorupdate #5G #Innovation

nCino, Inc. have announced they're to acquire FullCircl for $135 MILLION in CASH! 💰 🤝 🔁 Starting their partnership in 2022 and sharing several mutual customers, the acquisition of FullCircl will provide nCino with NEW capabilities for onboarding and client lifecycle management 🚀 🌐 FullCircl offers a POWERFUL business rules-engine that can simplify the complexity of onboarding underpinned by an ARRAY of pre-contracted premium data-supply - with their technology providing frontline teams access to business development tooling to profile a comprehensive graph-database of EXTENSIVE connected company-data! 👨💻 Andrew Yates, CEO and Cofounder at FullCircl added, “We have been working with the nCino team for several years, and the close alignment in both organisations across vision, culture, customers, product and market opportunity have contributed to this exciting acquisition making perfect sense. We both serve regulated industries who walk a tightrope between a strict operating rulebook and a mandate to deliver growth and shareholder value, all while providing a seamless client experience. This marks a significant new chapter for FullCircl as we become part of nCino.” Read more on the link below! 👇 Yorkshire Building Society Jake Brook Pierre Naude Charles McIver Chris Crang Stuart Newton Chris Hares Natalia Moose #ncino #fullcircl #acquisition #clientlifecyclemanagement #financialservices #regulatedindustries

Congratulations to northteq on being recognized as a Monitor 2024 Best Company In Equipment Finance! How long does your application process take? Hours, days, weeks? What if you could cut that time down to three minutes? That’s what Northteq, a financial technology company based in Minnesota, offers with its Salesforce-powered loan origination system and partner portal, Aurora. The platform automates workflows that streamline the loan origination process for equipment finance lenders, building a seamless experience for borrower and vendors. In addition, by integrating with partners like TValue for pricing, Ekata for fraud prevention, Middesk for KYB/KYC, PayNet and Dun & Bradstreet for business credit checks, Ocrolus and Plaid for cash flow analysis, and Experian, Equifax and Transunion for consumer credit checks, Aurora can take a deal from application to documentation quicker than most movie trailers run. Read more: https://lnkd.in/ewmp6d4a Explore the First Annual Best Companies in Equipment Finance Flipbook & Fully Digital Editions: https://lnkd.in/eP9xabf3 #monitor #equipmentfinance #bestcompanies #flipbook #congratulations

Hello, Dear Network! The latest edition of the FSI Digital Transformation Weekly newsletter is now available, featuring the following two topics: 1. There are emerging examples of what FSIs expect to get out of massive AI investments, and it's mostly staff reductions from Aitomation (AI + Automation) in Ops, Data, and IT functions. What evidence is there so far that mass layoffs next year are realistic? 2. Until now, FSIs and fintechs have been eager to monetize the suboptimal financial and insurance behaviors of their clients, staying true to the first rule of capitalism: “Give customers what they want.” However, for some free and loss-making products, companies are starting to take a more assertive stance, forcing clients to level up.

Only put off until tomorrow what you are willing to die having left undone. 🚀 Mercurity Fintech's subsidiary Chaince Securities enhances broker-dealer capabilities with FINRA approval for J.V. Delaney & Associates acquisition! 🎉 💡 Quiver AI Summary: Mercurity Fintech Holding Inc. proudly announced that its subsidiary, Chaince Securities Inc., has received FINRA approval for the ownership change of J.V. Delaney & Associates. With a legacy dating back to 1982, J.V. Delaney & Associates is a licensed broker-dealer. This strategic acquisition further strengthens Chaince Securities' position in the market, empowering them to provide enhanced services and solutions to their clientele. ✨ Inspired by this news? Act now to avoid the Fear of Missing Out on this investment opportunity! 💪 Invest in your future and take advantage of the potential growth in the financial sector. By leveraging the expertise and expanded capabilities of Chaince Securities, you can align your investments with the ever-evolving landscape of healthcare and finance. ⭐️ Don't miss out on the chance to maximize your Health Savings Account (HSA) potential. Invest wisely and reap the benefits of long-term value creation. Join the growing community of investors who prioritize health, family, and wellness. 🔹 #hsa #investing #healthcare #health #family #wellness 🔹 Let's discuss how you can leverage this exciting development to grow your HSA and secure a healthier financial future! 🌱💰

Industry hybridization and product servitization will transform how organizations drive value for their business and customers. Banks partnering with mortgage companies to offer more to their clients. Automotive or equipment manufacturers utilizing data to offer maintenance or improvement services that assist in extending product lifecycles. How can you partner with another industry to bring shared value to common customers? #innovation #tech #internetofthings https://lnkd.in/ggpwYj4T

This caught my attention because more of my world is On-Demand each day and I am using many of the things discussed in this article. Digital innovation is vital for credit unions to stay aligned with the reshaping financial landscape. To adapt to this evolving landscape, there is a growing need to prioritize agility and innovation. Velera can help your #creditunion harness these trends and transform your digital experience. #Velera

When you have a job that doesn’t feel like work, then you’ve got it made. And here at Sagent, it feels just like that. We work hard, but we play hard(er), and our customers — they are ALWAYS winners, scoring the #1 spot. Super proud to work alongside our amazing and relevant leaders, plus our relentless customers as we execute on the future of servicing. To celebrate our customers' wins with us, check out this highlight reel (with a FF into 3Q). When you have customers who are constantly pushing the status quo in fintech, you’re only built to break records. https://lnkd.in/eHAXe4rA #sagentrewind #sagent #mortgageservicing #fintech #mortgageindustry #customersuccessrecap #financialtechnology #dara #darabysagent #sagentbuzz 

Capital One is buying Discover Financial Services, The Wall Street Journal reported Monday, citing anonymous sources. The sale would create the largest U.S. credit-card company by loan volume, per Bloomberg, and would be one of the largest deals in the world so far this year. Discover's current market value is almost $28 billion, and the transaction would likely value it even higher, the Journal said. Capital One's market capitalization is nearly double, at just over $52 billion. The acquisition could be announced as soon as Tuesday. #capitalone #discover #finance #banking #news #financialservices

It was a busy week in financial services M&A.  Not one but two landmark transactions, and both involving Top-20 U.S. banking companies seeking (in our view) fortification, flexibility and a inward-leaning seat at the digital table, deal table, competitive table and global table....as we enter a remarkably complex next-five-years: CapitalOne Financial Corporations's announced $35.3B all-stock acquisition of Discover Financial Services; and  Truist Financial Corporation's announced sale of the remaining 80% of its captive insurance brokage operations to a consortia of private equity sponsors, valuing the subsidiary at ~$15B. To add context, these 3 leading diversified U.S. financial institutions are significant players. At year end 2023, CapitalOne (NYSE: COF) was the 19th largest North American-domiciled bank holding company with consolidated total assets of ~$480B. Discover (NYSE: DFS) was the 33rd largest bank with ~$150B of total assets and Truist (NYSE: TFC) was ranked 17th with a consolidated asset base of ~$535B. For your added perspective, our RRA Team will provide you with a signature SGMA TCA (transaction case analyses) relating to the Truist transaction in a couple of days hence. For this, our 30th Edition of the SGMA CEO Dimensions Series, we are digging into CapitalOne's transformative acquisition of Discover. Clients will receive our supplemental perspectives via email discussion notes. Your Success = Our Mission