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HOW DOES THE DOWN PAYMENT AFFECT A MORTGAGE?


“According to what I understand, a home buyer who makes a 20% down payment is exempt from having to get mortgage insurance. I paid a 20% down payment of $48,000 for a $240,000 home, but I was informed that I must acquire mortgage insurance since I chose to finance $6,000 in closing expenses, making the

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MOTIVE PARTNERS COMPLETES SALE OF GLOBAL SHARES TO J.P. MORGAN


Motive Partners, a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry has received the necessary regulatory approvals and completed the sale of Global Shares to J.P. Morgan. Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business.

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JACK HENRY & ASSOCIATES TO ACQUIRE PAYRAILZ


Jack Henry & Associates, Inc. announced today that it has entered into a definitive agreement to acquire Payrailz, adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem. Payrailz, a cloud-native, API-first, AI-enabled provider of consumer and commercial digital payment solutions and experiences, is based in Glastonbury, Connecticut. By enabling money

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TAX AUTOMATION FINTECH AVALARA SNAPPED UP BY VISTA FOR $8.4BN


Tax automation fintech Avalara is to be acquired by global investment firm Vista Equity Partners in an all-cash deal worth $8.4 billion. All of Avalara’s outstanding shares will be purchased by Vista for $93.50 per share, a premium of 27% over the stock’s closing price on July 6, 2022. Avalara’s net debt is included in

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B2B PAYTECH PLASTIQ TO LIST PUBLICLY FOLLOWING SPAC MERGER


Florida-based B2B payments platform Plastiq is to become a publicly traded company following a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corporation. The new company, with an estimated $480 million in value, will continue to be run by CEO Eliot Buchanan and go by the name Plastiq. Plastiq expects the transaction to increase

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THOMA BRAVO TO ACQUIRE PING IDENTITY FOR $2.8B


A renowned software investment firm, Thoma Bravo, has entered into a definitive agreement to purchase Ping Identity, a supplier of the Intelligent Identity solution for the enterprise, for $28.50 per share in an all-cash deal with an Enterprise Value of almost $2.8 billion. The offer is valued at about 63 percent more than Ping Identity’s

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OHIO’S KEYBANK TAPS QUAVO FOR DISPUTE MANAGEMENT PLATFORM


Ohio-based KeyBank has tapped fintech Quavo for its QFD automated dispute management platform. When a credit transaction is contested or fraud is discovered, KeyBank will implement the cloud-based QFD system to streamline its fraud and dispute procedures and automate the manual tasks needed, from claim intake and investigation to claim resolution and recovery. “We are

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FINTECH IS CHANGING SUPPLIER MARKETPLACES FOR THE BETTER


Moving boxes across nations is only one aspect of the supply chain, and there are other factors at play in the current global issue than just capacity and driver shortages. Participants in international trade must deal with dozens of vendors and the difficulties that come with them, including moving and storing products, passing customs, navigating

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AUSTRALIAN NEOBANK UP LAUNCHES MAYBUY – A BNPL KILLER


Australian neobank Up Bank has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years. For individuals wishing to make online purchases, Maybuy will generate an automated savings plan. Consumers might choose to purchase the item or choose to save their money

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PORTAGE LAUNCHES LATE-STAGE PORTAGE CAPITAL SOLUTIONS FUND


Global fintech investor Portage announced today the launch of a late-stage, fintech-focused Portage Capital Solutions (“PCS”) Fund. Daniel Ballen and Devon Kirk, who are co-heads, will direct the strategy, concentrating on structured opportunities in global fintech and financial services firms and aiming for investments over $50 million. Devon Kirk has almost 20 years of experience

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GOOGLE AND APPLE ARE BEING SCRUTINISED FOR SUSPECT CRYPTOCURRENCY APPS.


In the world of cryptocurrencies, fraudulent activity is still unchecked. Crypto trading apps are offered by organizations like Apple and Google. As thieves increasingly produce fake apps with names and logos, there has been an increase in fake apps based on these two. Apple and Google Call for Scrutiny Who provides this original(the logos, access