AccountantsWorld has hired Behram Panthaki as its first chief operating officer. The company, based in Hauppauge, N.Y., makes a variety of software for accounting firms.

Merger and acquisitions have stalled, according to a study by KPMG International. The conclusion is from the bi-annual report on global financial technolgoy investment, the  Pulse of Fintech H1’20, release this month.

Sharp declines in non-equity incentive compensation for Paychex’s named executives pushed salaries down for four of five leaders for the year ended May 31. Only Martin Mucci, CEO of the payroll services company, received an increase over fiscal 2019 and that was 1.7 percent.