Qore platform
Search documents
Alpha Modus Holdings, Inc. (NASDAQ: AMOD) To Launch AlphaCash, Appoints Puneet “Pete” Vij as VP of Technology to Lead Nationwide Rollout
Globenewswire· 2025-10-27 11:20
Core Insights - Alpha Modus Holdings, Inc. has appointed Puneet "Pete" Vij as Vice President of Technology to oversee the national rollout of AlphaCash, a network of financial service kiosks aimed at enhancing financial inclusion [1][6] - The company is shifting from an external rollout partner model to an internalized deployment strategy, which is expected to provide full ownership, scalability, and higher long-term ROI [3][6] - AlphaCash kiosks will integrate AI and behavioral analytics technology to provide financial services to unbanked and underbanked populations, addressing a significant market opportunity [4][6] Company Strategy - The transition to an internalized deployment strategy reflects management's confidence in its technology and operational capabilities, aiming to maximize shareholder value while accelerating deployment across thousands of retail locations [3][6] - The partnership with Uptiq, a leader in AI-powered financial infrastructure, will support the AlphaCash rollout by providing the necessary financial and compliance backbone [5][6] Market Opportunity - Approximately 24.6 million U.S. households, representing over 62 million individuals, are underserved by traditional banking, indicating a large untapped market for AlphaCash kiosks [4][6] - The initiative aims to convert cash-based transactions into digital and regulated financial channels, potentially capturing hundreds of billions in annual transactions [4][6] Rollout Timeline - The AlphaCash national rollout campaign is set to begin in the current quarter, with phased expansion planned throughout 2026 and beyond [6]
Alpha Modus Holdings, Inc. (NASDAQ: AMOD) To Launch AlphaCash, Appoints Puneet “Pete” Vij as VP of Technology to Lead Nationwide Rollout
Globenewswire· 2025-10-27 11:20
Core Insights - Alpha Modus Holdings, Inc. has launched a new subsidiary, Alpha Modus Financial Services, to facilitate the national deployment of AI-powered financial kiosks named AlphaCash in partnership with Uptiq [1][5] - The company is shifting from an external rollout partner model to an internalized deployment strategy, which is expected to enhance scalability and long-term return on investment (ROI) [3][6] - The AlphaCash kiosks aim to provide modern banking and financial services to the unbanked and underbanked populations in the U.S., addressing a significant market opportunity [4][6] Company Strategy - The appointment of Puneet "Pete" Vij as Vice President of Technology is a strategic move to oversee the AlphaCash rollout, emphasizing the company's commitment to financial inclusion [1][6] - The transition to an internalized deployment strategy reflects management's confidence in its technology and operational capabilities, aiming to maximize shareholder value [3][6] - The AlphaCash initiative is described as a scalable, mission-driven rollout that will control technology, economics, and customer experience [6] Market Opportunity - Approximately 24.6 million U.S. households, representing over 62 million individuals, are underserved by traditional banking systems, highlighting a large untapped market [4] - The annual cash-based transactions within this demographic amount to hundreds of billions, which have not yet transitioned to digital financial channels [4] - By placing AlphaCash kiosks in trusted retail environments, the company aims to convert cash transactions into recurring digital transaction volumes [5] Technology Partnership - Uptiq will serve as a strategic technology partner, providing the necessary infrastructure and AI platform for the AlphaCash rollout [5] - The collaboration with Uptiq is expected to enhance the embedded financial and compliance capabilities of the kiosks [5] Rollout Timeline - The national rollout of AlphaCash is set to begin in the current quarter, with phased expansions planned throughout 2026 and beyond [6]