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An Investigation of Recent Trends in the Remittance Industry: Evidence from Jamaica
An Investigation of Recent trends In the Remittance Industry: Evidence from Jamaica Esmond A. McLean1 Economic Information and Publications Department External Sector Statistics Unit Bank of Jamaica December 2008 Abstract This paper seeks to provide an update on the recent developments in the remittance industry with specific focus on Jamaica. Findings indicate that the importance of remittances to Jamaica is seen in its impact on foreign exchange inflows and Balance of Payments support as well as household income. Of the 23 Latin American and Caribbean (LAC) countries examined, Jamaica was tenth (10) overall in remittance inflows for 2007. Comparing remittances as a percentage of exports, imports and foreign direct investment, in Latin America & the Caribbean, Jamaica ranked second (2), third (3) and eight (8) respectively. Innovations in the operation of the remittance market worldwide are largely based on technological advancements, in particular regarding the Internet as well as the introduction of mobile money through cellular phone transfers. A suitable policy approach to promoting increased remittance flows would involve channeling remittance flows into feasible investment opportunities, with while encouraging savings creation through remittance flows. Engaging banking institutions more actively by identifying their opportunity costs in rural areas as well as providing significant tax incentives for remittance market will serve to increase the flow of remittances into Jamaica. JEL Classification Numbers: N16; M20; N46; G29; Keywords: Remittance Service Providers RSPs; Seasonality check; LAC. 1 The views expressed are those of the author and do not necessarily reflect those of the Bank of Jamaica CONTENTS I. Introduction II. World Remittances III. Latin America and the Caribbean IV. -
Payments / Banking
Financial Technology Sector Summary June 24, 2015 Financial Technology Sector Summary Table of Contents I. GCA Savvian Overview II. Market Summary III. Payments / Banking IV. Securities / Capital Markets / Data & Analytics V. Healthcare / Insurance I. GCA Savvian Overview GCA Savvian Overview Highlights Firm Statistics GCA Savvian Focus . Over 225 professionals today Mergers & Acquisitions Private Capital Markets . Full spectrum of buy-side, sell- Agented private capital raiser Headquarters in San Francisco and Tokyo; offices in New side and strategic advisory York, London, Shanghai, Mumbai, Singapore, and Osaka . Equity and debt capital markets . Public and private company advisory services experience . Provides mergers and acquisitions advisory services, private . Core competency, with important capital & capital markets advisory services, and principal . Strategic early-stage growth relationships among the venture investing companies through industry capital and private equity defining, multi-billion dollar community transactions . Over 550 transactions completed . Publicly traded on the Tokyo Stock Exchange (2174) Senior level attention and focus, Relationships and market extensive transaction intelligence; a highly experienced team in experience and deep domain insight the industry Global Advisory Firm Market Positioning Bulge Bracket Growth Sector Focus Transaction Expertise . Senior Team with . Growth Company Focus Unparalleled Transaction . Sector Expertise / Domain Experience Knowledge . Highest Quality Client . Private Capital -
Banking Department Annual Report Fiscal Year Ending June 30, 2016
1 2 Banking Department Annual Report Fiscal Year Ending June 30, 2016 Mick Thompson Commissioner 3 This publication is produced by the Oklahoma State Banking Department as authorized by the Commissioner pursuant to §212 of the Oklahoma Banking Code. An electronic copy of the Annual Report has been provided to the Oklahoma Department of Libraries and published on the State Banking Department’s website at no cost to the Oklahoma Taxpayer. 4 MICK THOMPSON MARY FALLIN BANK COMMISSIONER GOVERNOR STATE OF OKLAHOMA STATE BANKING DEPARTMENT October 31, 2016 The Honorable Mary Fallin Governor, State of Oklahoma Room 212, State Capitol Oklahoma City, Oklahoma 73105 Dear Governor Fallin: Pursuant to Title 6 O.S., Section 212 of the Oklahoma Banking Code, I am pleased to submit the State Banking Department’s 2016 Annual Report. This report contains information on the financial institutions the Department regulates as well as an update on the agency’s budget and regulatory activities during the past year. The State Banking Department is charged with regulating all state chartered banks, credit unions, savings and loan associations, trust companies, money order companies, and money transmission licensees in the State of Oklahoma. The total assets regulated by the State Banking Department are approximately $50 billion. I hope you find this report informative and should you have any questions regarding the contents of this publication, please do not hesitate to contact me. Sincerely, Mick Thompson Commissioner 2900 N. LINCOLN BLVD. OKLAHOMA CITY, OK 73105-3427 (405) 521-2782 www.ok.gov/banking FAX (405) 522-2993 5 TABLE OF CONTENTS Mission ......................................................................................................................................................................... -
Moneygram International Inc
MONEYGRAM INTERNATIONAL INC FORM 10-K (Annual Report) Filed 03/16/17 for the Period Ending 12/31/16 Address 2828 N. HARWOOD STREET, 15TH FLOOR DALLAS, TX 75201 Telephone 2149997640 CIK 0001273931 Symbol MGI SIC Code 7389 - Business Services, Not Elsewhere Classified Industry Business Support Services Sector Industrials Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2017, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— Form 10-K (Mark One) þ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2016. ¨ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission File Number: 001-31950 MONEYGRAM INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 16-1690064 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 2828 N. Harwood St., 15th Floor 75201 Dallas, Texas (Zip Code) (Address of principal executive offices) Registrant’s telephone number, including area code (214) 999-7552 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common stock, $0.01 par value The NASDAQ Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None ———————— Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. -
The Western Union Company June 9, 2017 Dow Jones Indus: 21,271.97 S&P 500: 2,431.77 NYSE: WU Russel 2000: 1,421.71 Index Component: S&P 500
GICS Sector: Information Technology The Western Union Company June 9, 2017 Dow Jones Indus: 21,271.97 S&P 500: 2,431.77 NYSE: WU Russel 2000: 1,421.71 Index Component: S&P 500 AAF History Report Type Update Initially Probed March 30, 2009 Last Probed February 27, 2015 Trigger Increasing Value of WU.com Situation Hidden Asset/Misguided Bear Case Selected Financial Summary ($MM) 2013 2014 2015 2016 Revenues: $5,542 $5,607 $5,484 $5,423 Capitalization and Trading Multiples ($MM) Adj. Net Income $798 $852 $838 $865 Margin (%) 14.4% 15.2% 15.3% 16.0% Share Price $19.01 2014 2015 2016 EBITDA $1,370 $1,412 $1,415 $1,368 Diluted Shares (MM) 483.4 EV/EBITDA 8.0x 8.0x 8.3x Margin (%) 24.7% 25.2% 25.8% 25.2% Market Cap $9,189 P/E 12.0x 11.4x 10.9x Capex 241 179 267 230 Debt $3,491 P/FCF 10.5x 11.4x 11.3x Capex (% of Revenues) 4.4% 3.2% 4.9% 4.2% Cash $(1,323) EV/Sales 2.0x 2.1x 2.1x Free Cash Flow $848 $867 $805 $812 Enterprise Value $11,357 Price/Book NA NA NA FCF Yield (%) 9.2% 9.4% 8.8% 8.8% Trading Statistics Net Debt/EBITDA 1.6x 1.4x 1.3x 1.4x Dividend Rate $0.70 Avg. Daily Volume (3mo) (MM) 4.3 Share Repurchases ($MM) $400 $495 $511 $502 Dividend Yield 3.68% Short % of Float 13.8% EPS $1.43 $1.59 $1.67 $1.75 Payout Ratio 41% Fiscal Year End: December High Low Overview 52-Week $22.70 $18.07 Western Union (“WU” or “the Company”) was 5-Year $22.56 $11.95 spun off from First Data Corp. -
A Case of Regulatory Evolution
Forum A CASE OF REGULATORY successful integration of sector regulation, alongside continued government support for alternative finance. EVOLUTION – A REVIEW OF While many member states have opted for a “wait and THE UK FINANCIAL CONDUCT see” approach to crowdfunding regulation, the United Kingdom was of the first nations to create bespoke reg- AUTHORITY’S APPROacH TO ulation for crowdfunding activities. As the regulating CROWDFUNDING body that monitors and supervises crowdfunding ac- tivities in the UK is the Financial Conduct Authority (FCA)2, this article will centre on the regulatory regime that it has adopted. ROBERT WarDROP AND 1 The FCA defines crowdfunding as an umbrella term to TANIA ZIEGLER capture various “categories” of activity, some of which are regulated whilst others are not. The general defini- Introduction tion of crowdfunding, according to the FCA is “an inter- net-based business model […] in which people and busi- Across Europe, crowdfunding is quickly moving from a nesses (including start-ups) can try to raise money from fringe funding instrument to becoming a mainstream fi- the public, to support a business, project, campaign or nance channel, connecting “crowds” to fund businesses, individual” (FCA 2016a). This broad term includes four projects and individuals. In its recently published Report sub-categories: on Crowdfunding in the EU Capital Markets Union, the European Commission details the importance of crowd- • Donation-based crowdfunding: people give funding as “an important source of non-bank financing money to enterprises or organisations whose activi- in support of job creation, economic growth and com- ties they want to support. petitiveness” (European Commission 2016). -
Market Update
August 2015 MARKET UPDATE INVESTMENT BANKING AND STRATEGIC ADVISORY TO THE TECHNOLOGY, INFORMATION AND HEALTHCARE INDUSTRIES New York San Francisco Washington, D.C. Toronto www.MarlinLLC.com © Marlin & Associates Holdings LLC, All Right Reserved DEAR CLIENTS AND FRIENDS, Dear Clients and Friends, We are not big on valuing companies based on “multiples” – be it a multiple of this year’s or last year’s revenue, EBITDA, net income, book value, or any other lone financial metric. The drivers of value are much more complicated than can be reflected by financial multiples. Sector growth rates, competitive positioning, management strength, scarcity value, strategic fit, expected future unit growth rates, profit expansion potential, and a host other factors have significant impact on enterprise value. Nevertheless, we were somewhat nonplussed to see the multiples paid for several recent transactions including McGraw-Hill’s purchase of SNL and Nikkei’s purchase of the Financial Times. Wow. It is one thing to note that we now have 119 startups valued at more than $1 billion. It is quite another to see these high multiples applied to relatively mature businesses. Are we in a new “bubble”? We don’t think so. Since the beginning of time, very high prices have been paid by buyers with deep pockets for large, unique, strategically valuable properties. To us these were strategic buyers taking advantage of unique opportunities. But we are watching… The attached report focuses on our current sense of the m&a values, activities and trends for the dozen -
Universita' Degli Studi Di Padova Il Crowdfunding E Il Caso Starteed: Un Fornitore Di Servizi Tecnologici E Strategici Nel
UNIVERSITA’ DEGLI STUDI DI PADOVA DIPARTIMENTO DI SCIENZE ECONOMICHE E AZIENDALI “MARCO FANNO” CORSO DI LAUREA IN ECONOMIA INTERNAZIONALE L-33 Classe delle lauree in SCIENZE ECONOMICHE Tesi di laurea IL CROWDFUNDING E IL CASO STARTEED: UN FORNITORE DI SERVIZI TECNOLOGICI E STRATEGICI NEL MERCATO ITALIANO DELLA FINANZA ALTERNATIVA Relatore: Prof.ssa BELUSSI FIORENZA Correlatore: Prof.ssa SEDITA SILVIA RITA Laureanda: PASTRO DEBORAH Anno Accademico 2015/2016 2 Sommario ABSTRACT ............................................................................................................................... 5 CAPITOLO 1 CROWDFUNDING: ASPETTI DEFINITORI ............................................ 7 INTRODUZIONE ...................................................................................................................... 7 INTRODUZIONE AL FENOMENO DEL CROWDFUNDING .............................................. 9 Crowdfounding e Crowdsourcing ....................................................................................................... 9 Cenni storici ...................................................................................................................................... 10 Letteratura e Definizioni ................................................................................................................... 12 DESCRIZIONE DEL FENOMENO DEL CROWDFUNDING ............................................. 16 Come funziona il Crowdfunding? .................................................................................................... -
Crowdfunding – a Modern Way of Acquiring Funding PART 1
CREATING PROSPERITY BY CONNECTING INVESTMENT OPPORTUNITIES TO INVESTORS Publication 8. 2020 Crowdfunding – A Modern Way of Acquiring Funding PART 1 In the previous publication “A Brief Introduction To Crowdfunding” we discussed the basic concept of crowdfunding, its importance as an alternative for (especially) startups to obtain funding, how it works and the difference between crowdfunding and other funding methods. Now let us have a look at some successful crowdfunding “platforms/types”. It’s important to inform that the mentioning of the crowdfunding platforms in this publication must not be interpreted as a favorite choice or promotion of one platform above any other platform by the DCSX, they are merely informative with the intention to provide some examples. Other similar platforms can be easily researched on the web. First, let us remember what crowdfunding stands for. Crowdfunding refers to acquiring funding from a large pool of people. The way it works form an operational point of view is through an online platform that allows a business or “project” to present their idea to hundreds and thousands of people such as friends, family members, individual investors, and customers online. Using the same platform, these people are then able to express their interest in the business or project and help them in acquiring the funding it requires to launch or sustain. Successful Crowdfunding Platforms There are multiple formats of crowdfunding via which a startup or other project can acquire capital. Some of the well-known formats include Donation-based, Rewards-based, Equity-based, and Debt-based crowdfunding. In this publication we will highlight some successful platforms of two of these four crowdfunding categories: Donation-based crowdfunding and Rewards-based crowdfunding. -
Lorem Ipsum Dolore Sitra
Emerging Payments Forum March 24–25, 2014 Crowne Plaza Time Square Hotel Agenda - Monday, March 24, 2014 Time Broadway Ballroom 7:00am–5:00pm Registration – Broadway Ballroom Foyer 9:00am–9:20am Opening Remarks – Darrin Peller, Managing Director, Barclays – Broadway Ballroom 9:20am–10:00am An Update on EMV and Security Initiatives: “Please! ... No More Data Breaches” Panel Barclaycard Ingenico, Thierry Denis, President, North America InsideSecure, Remy De Tonnac, President & CEO Moneris Solutions Corporation, David Xue, Director, Business Planning & Corporate Development 10:10am – 10:50am MasterCard Javier Perez, President, Europe Region 10:50am–11:30am Leveraging Data and Analytics: Getting Closer to Consumers Panel Acxiom Corporation Affinity Solutions, Jonathan Silver, CEO Cardlytics, Marc Ginsberg, EVP, US Advertising Business GlobalCollect ShopperTrak, Russell Evans, VP, Marketing 11:30am–12:10pm VeriFone Systems, Inc. Paul Galant, CEO 12:10pm–12:30pm Lunch Break 12:30pm–1:10pm Xoom Corporation John Kunze, CEO Ryno Blignaut, CFO & CRO 1:10pm–1:50pm Total System Services Phil Tomlinson, Chairman & CEO 1:50pm–2:30pm Retail and POS Technology: Navigating an Evolving Landscape Panel Equinox Payments, LLC Ingenico, Thierry Denis, President, North America MICROS Systems, Inc., Peter Rogers, EVP, Business Development PAX Global Technology Ltd., Andy Chau, CEO 2:30pm–2:45pm Break 2:45pm–3:25pm MoneyGram International Inc. Alex Holmes, CFO 3:25pm–4:05pm Barclaycard Amer Sajed, CEO, Barclaycard US 4:05pm–4:45pm Peer to Peer Lending Panel Lending Club On Deck Capital, Inc. Prosper Marketplace Inc. Social Finance Inc. 4:45pm–5:25pm “Do I Still Have to Carry Around This Clunky Wallet?”: A Look at Mobile Payment Offerings Panel BilltoMobile, Jim Greenwell, CEO Jumio, Marc Barach, CMO Paydiant, Inc. -
Fintech Watch 4Th Quarter 2013
Mercer Capital’s FinTech Watch 4th Quarter 2013 Public Market Indicators The FinTech Industry has outperformed the S&P 500 in the trailing twelve month period ending 10/31/2013 In This Issue § Historical and prospective revenue and EBITDA growth have Public Market Indicators outpaced that of the broader economy and a number of other Returns 2 industries Valuation Multiples 3 Peer Reports 4 Market performance has fluctuated a bit as investors weigh: Articles of Note 7 § Threats of new entrants Segment Focus: Payments 8 § Continued technological change M&A Activity Overview 11 § Emerging risks including regulatory and business model Venture Capital Activity 12 Case Study: Square, Inc. 13 About Mercer Capital 16 1 MCM FinTech Indices vs. S&P 500 for LTM Period Mercer Capital FinTech 150 ! Indices vs. S&P 500 140 ! for LTM Period ! 130 ! 120 ! 110 ! 100 ! 90 ! November 1, 2012 = 100 80 ! ! ! ! ! ! ! ! ! ! ! ! ! 1/6/2013 2/6/20133/6/2013 4/6/2013 5/6/2013 6/6/2013 7/6/2013 8/6/2013 9/6/2013 11/6/201212/6/2012 10/6/2013 Solutions! S&P 500! Payments! Technology! Median Total Return Segment Month-to-Date Year-to-Date Last 12 Months Through October 31, 2013 Payments 4.03% 38.06% 41.76% Solutions 4.08% 35.71% 36.13% Technology 6.14% 36.57% 40.63% S&P 500 4.60% 25.30% 25.88% 2 Valuation Multiples Consistent with recent historical growth patterns and the near-term outlook, FinTech companies are generally priced at a premium to the broader markets. -
Hawaii-Licensed Money Transmitter Companies
Hawaii-Licensed Money Transmitter Companies Name Address 1 Address 2 City State Zipcode Telephone Email address One ADP ADP Payroll Services, Inc. M/S A437 Roseland New Jersey 07068 (973) 974-5000 [email protected] Boulevard Amazon Payments, Inc. 2201 Westlake Seattle Washington 98121 (866) 216-1075 [email protected] (formerly MNESVC, Inc.) Avenue American Express Prepaid Card 20022 N. 31st Phoenix Arizona 85027 (212) 640-1153 [email protected] Management Avenue Corporation American Express Travel Related Services 200 Vesey Street New York New York 10285 (212) 640-1153 [email protected] Company, Inc. Anh Minh Money 9211 Bolsa #104 Westminster California 92683 (714) 893-4348 [email protected] Transfer, Inc. Avenue Bancomer Transfer 16825 Suite 1525 Houston Texas 77060 (281) 765-1500 [email protected] Services, Inc. Northchase Drive BDO Remit (USA), Inc. (formerly Express Padala 1559 E. Amar Suite U West Covina California 91792 (626) 363-9800 [email protected] (USA), Inc. and BDO Road Remittance (USA), Inc.) Beamit, Inc. (dba 1725 Westlake Suite 105 Seattle Washington 98109 (206) 535-5162 [email protected] Remitly) Avenue N. Blackhawk Network 6220 Stoneridge Pleasanton California 94588 (925) 226-9990 [email protected] California, Inc. Mall Road Cambridge Mercantile 902 Carnegie Suite 340 Princeton New Jersey 08540 (609) 452-5000 [email protected] Corp. (U.S.A.) Center CheckFreePay 15 Sterling Drive Wallingford Connecticut 06492 (203) 679-4400 [email protected] Corporation Chime, Inc. dba 239 E 5th Street 4B New York New York 10003 (888) 220-9286 [email protected] Sendwave Continental Exchange Solutions, Inc.