Latest news with #ThomasDeRosa
Yahoo
23-04-2025
- Business
- Yahoo
AppTech enters digital banking space with CoreBanking solution
AppTech Payments has rolled out its new CoreBanking solution, which is integrated with the FINZEO Platform, marking the company's foray into the digital banking sector. The introduction of this solution comes alongside the onboarding of its first banking client, indicating a strategic move into retail financial services. The CoreBanking solution is designed to enhance operational efficiency for banks, facilitate market entry, and reduce dependence on outdated technologies. This offering includes features such as digital onboarding, FedWire, FedACH, compliance, virtual bank accounts, risk management, ledger, FedNow, and both physical and virtual Cards. By utilising the FINZEO client offering, banks can expedite the implementation of these solutions, benefiting from AppTech's established client base for transaction fees and deposits. The company anticipates sustained revenue growth through 2025, tapping into previously unavailable revenue sources. In terms of financial projections, AppTech expects to generate $40,000 in revenue within the first week of the CoreBanking solution's launch, with monthly revenue anticipated to exceed $500,000 by the end of 2025. The current pipeline of banks integrating the FINZEO platform positions the CoreBanking solution for rapid adoption, particularly among community banking clients, believes AppTech. AppTech CEO Thomas DeRosa said: 'Our CoreBanking solution is more than a product—it changes how banks can operate and grow. 'By integrating our technology with unmatched client acquisition capabilities, we eliminate inefficiencies and drive revenue at scale.' AppTech is preparing for growth with new partnerships and product launches in April, potentially leading to millions of transactions. To facilitate this expansion, the company has restructured its management team and enhanced its technology infrastructure. In May 2024, AppTech Payments launched its Banking-as-a-Service (BaaS) platform after a successful pilot programme. The company leveraged this BaaS solution to introduce InstaCash, which offers virtual accounts, debit and credit cards, and high-yield financial products. "AppTech enters digital banking space with CoreBanking solution" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
AppTech Unveils Revolutionary CoreBanking Solution, Projecting Explosive Growth with Innovative Client Offerings
CARLSBAD, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX) has launched its groundbreaking CoreBanking solution, seamlessly integrated with the FINZEO Platform, alongside its first banking client. This milestone signals AppTech's entry into digital banking and retail financial services, with the company bringing both cutting-edge products and customers directly to financial institutions. Transforming Banking Efficiency and Revenue PotentialThe CoreBanking solution will help banks achieve operational efficiency, enter new markets, eliminate reliance on antiquated technologies, and remove the entry barriers of entry. CoreBanking delivers Digital Onboarding, FedWire, FedACH, Compliance, Virtual Bank Accounts, Risk Management, Ledger, FedNow, and Physical and Virtual Cards. Coupled with the tightly integrated FINZEO client offering, banks can realize the benefits of these innovative solutions faster by leveraging AppTech's existing client base for transaction fees and deposits ready for bank launch. AppTech expects sustained revenue growth through 2025 and beyond through sources not previously available. 'Our CoreBanking solution is more than a product—it changes how banks can operate and grow,' said Thomas DeRosa, CEO of AppTech. 'By integrating our technology with unmatched client acquisition capabilities, we eliminate inefficiencies and drive revenue at scale.' Projected Growth and ScalabilityAppTech's CoreBanking launch is expected to generate $40,000 in revenue in its first week, with monthly revenue projected to scale beyond $500,000 by the end of 2025. With our current pipeline of banks integrating the FINZEO platform, the CoreBanking solution is primed for rapid adoption, including expansion to community banking clients in the FINZEO pipeline. As additional partnerships and product launches roll out in April, AppTech is poised for transformational growth, increasing to millions of transactions. AppTech has restructured its management team and upgraded its technology to drive revenue through the final three quarters of 2025. With a visionary strategy, enhanced staffing, and a growing base of larger clients, the company intends to redefine digital banking and payment solutions. About AppTech Payments Corp. AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises ('SMEs'), and consumers through the Company's scalable cloud-based platform architecture and infrastructure. For more information, please visit Forward-Looking Statements This press release may contain forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will' and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company's control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. AppTech Payments Corp. 760-707-5959 info@ in to access your portfolio
Globe and Mail
17-04-2025
- Business
- Globe and Mail
AppTech Expands Fintech Frontiers with Lender Processing
CARLSBAD, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX), a leading innovator in financial technology, announced the recent launch of its Lending Integrations and Processing Platform. Following the successful underwriting of several prominent loan processors, AppTech anticipates significant growth as our partners increase onboarding their networks of portfolio companies. Management expects to drive substantial transaction volume, with a near-term goal exceeding 250,000 transactions per month, in a marketplace of millions of monthly transactions. 'This platform is a testament to our ongoing commitment to our partners' success, delivering both effectiveness and efficiency at the highest level,' said CEO Thomas DeRosa. He added that he is encouraged by the company's strong operational momentum and growth trajectory and remains confident in achieving cash break-even by the end of the year. About AppTech Payments Corp. AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises ('SMEs'), and consumers through the Company's scalable cloud-based platform architecture and infrastructure. For more information, please visit Forward-Looking Statements This press release may contain forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will' and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company's control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
07-03-2025
- Business
- Yahoo
AppTech Payments Corp. Highlights Q4 2024 Financial and Strategic Developments
CARLSBAD, Calif., March 07, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. ('AppTech or the 'Company') (NASDAQ: APCX), a fintech company, today shared its Fourth Quarter 2024 financial results. The Company reported an operating loss of $2.1 million ($0.08 per share) versus a $3.4 million loss in the same quarter of 2023 ($0.18 per share). The operating loss for the full year 2024 was $8.8 million ($0.35 per share) versus $18.5 million ($1.01 per share) in 2023. CEO Thomas DeRosa noted that AppTech underwent significant organizational changes in the fourth quarter when a new investor group committed $5 million to improve the Company's operations; established voting control of the Board of Directors and replaced certain key executives including the CEO and CFO. New CFO Felipe Corrado stated 'We are encouraged by the organizational and operating improvements made in the fourth quarter. We bolstered our capital position, reduced expenses and narrowed our focus solely to several potentially near-term and profitable customers.' The company also announced it would file its 2024 Form 10K on March 31, 2025. About AppTech Payments Corp. AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises ('SMEs'), and consumers through the Company's scalable cloud-based platform architecture and infrastructure. For more information, please visit Forward-Looking Statements This press release may contain forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will' and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company's control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. AppTech Payments Corp.760-707-5959info@
