Fintech Key Takeaways from 2018

Without a doubt, 2018 was a year to remember for the fintech industry. Venture capital companies invested billions of dollars into this sector, hoping that they can a solid gain market share from the variety of financial institutions with their offers of modern digital financial services. So let’s start with the main number: in 2018, … Continued

Changes in ASC 606 and Their Effect on Subscription-Based Businesses

First of all, a bit of history if you’re unfamiliar with the notion itself. Back in 2014, the Federal Accounting Standards Board (aka FASB) in partnership with the International Accounting Standards Board (or IASB) came up with new rules on regulating revenues from contracts known as ASC 606. Initially, it affected only public organizations: they … Continued