PhotonPay has secured Money Transmitter Licenses in Maryland and North Dakota—bringing our MTL footprint to 18 U.S. states and jurisdictions. We’ll continue strengthening compliance to enable secure, trusted growth across borders. 🌐 #PhotonPay# #Compliance# #FinancialOS#

Architecting the future of global payments. 🛡️ PhotonPay is the unified financial OS fusing native stablecoin liquidity with institutional-grade compliance. Securely accelerate capital movement worldwide. Built for builders. Scaled for the world. 🌍 #PhotonPay# #GlobalPayments# #FinancialOS# #stablecoins#

The financials sector is not just a rate cycle story. Banking, payments, insurance, and investing are evolving with new innovations in technology. For active managers, the opportunity is to identify which companies can turn that change into durable growth. Access our research into the sector: -- 𝐑𝐢𝐬𝐤𝐬: All investments are subject to risk and may lose value. BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA). © Baron Capital 2026. All rights reserved.

Lots of financials like insurance brokers, banks, retail brokerages getting smoked on Muse / agentic concerns / cash sweeps / wealth mgmt? $SCHW, $LPLA, $RJF all getting crushed along with all of insurance Looks like sell first, think later is back