Radnor, PA, July 25, 2022 (World NEWSWIRE) — BM Technologies, Inc. (NYSE American: BMTX) (the “Company”), a person of the greatest digital banking platforms and Banking-as-a-Provider (BaaS) suppliers, reported that on July 22, 2022, and effective right away, the Audit Committee of the Board of Administrators engaged KPMG LLP (“KPMG”) as the Company’s new independent registered community accounting company for the Company’s fiscal calendar year 2022 and linked interim durations.
Commenting on the engagement, Luvleen Sidhu, Chair, CEO, and Firm founder stated, “Following an extensive RFP system which yielded many really qualified companies, we are energized to commence doing work with a globe class auditor like KPMG. KPMG has significant experience with equally fintech and financial providers businesses in the U.S., a huge staff of U.S. professionals, and a collaborative, details pushed technique that resonated with us.”
The Corporation expects to announce its 2nd quarter 2022 financial results no later than the week of August 15th, 2022, and file its March 31 and June 30, 2022 Variety 10-Qs straight away thereafter.
About BM Systems, Inc.
BM Systems, Inc. (NYSE American: BMTX)—formerly known as BankMobile—is amid the biggest digital banking platforms and Banking-as-a-Company (BaaS) vendors in the country, delivering obtain to examining and savings accounts, private loans, credit rating cards, and economic wellness. It is targeted on technological innovation, innovation, quick to use products, and education and learning with the mission to fiscally empower thousands and thousands of Us citizens by providing a additional reasonably priced, clear, and consumer-welcoming banking encounter. The BM Systems (BMTX) digital banking platform employs a multi-lover distribution model, identified as “Banking-as-a-Services” (BaaS), that enables the acquisition of buyers at greater volumes and significantly lessen expenditure than standard banks, even though delivering major rewards to its clients, associates, and business. BM Systems (BMTX) currently has approximately two million accounts and offers disbursement solutions at roughly 750 faculty and university campuses (masking one particular out of each 3 college college students in the U.S.). BM Systems, Inc. (BMTX) is a technological know-how firm and is not a lender, which signifies it offers banking companies by its partner lender. More facts can be located at www.bmtx.com.
BMTX has signed a definitive agreement to merge with Initially Audio Bank, a Seattle, Washington-based company bank. The put together company will be a fintech-primarily based financial institution focused on serving shoppers digitally nationwide. The transaction is topic to regulatory approvals and other customary closing problems and is expected to near in the second 50 percent of 2022.
Call: Traders: Bob Ramsey, CFA CFO BM Systems, Inc. 571-236-8851 [email protected] Media Inquiries: Brigit Hennaman Rubenstein Community Relations, Inc. 212-805-3005 [email protected]
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