Financial Results

NCR names new chairman and CEO-designates as company separation gathers pace

Joseph Reece joins as chairman of the board with Tim Oliver and David Wilkinson named CEO-designates.

Banking Technology Magazine May 2023 issue out now

Cover story: EVERYTHING, EVERYWHERE… but is all at once the answer?

FinTech Futures: Top five stories of the week – 14 April 2023

Here’s our pick of five of the top news stories from the world of finance and tech this week.

US challenger Varo Bank reportedly raising funds at reduced valuation

Fintech Business Weekly reports the firm is raising $50m at a $1.8bn valuation, a 28% decline in value.

FinTech Futures: Top five stories of the week – 3 March 2023

Here’s our pick of five of the top news stories from the world of finance and tech this week.

BNPL giant Klarna posts £1bn loss for 2022

Despite the loss, the firm says it is edging towards profitability thanks to growth in its gross merchandise volume.

FinTech Futures: Top five stories of the week – 24 February 2023

Here’s our pick of five of the top news stories from the world of finance and tech this week.

Banking Technology Magazine February 2023 issue out now

Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.

Payoneer names former Webster Bank exec Bea Ordonez as next CFO

Ordonez will assume the role of CFO once current CFO Michael Levine steps down in March.

LendingClub to cut 225 jobs as interest rate rises impact loan demand

Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.

Goldman Sachs loses $3bn over three years on platform solutions business

Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.

Temenos in leadership shake-up as CEO and chairman step down

Under the new leadership, Temenos says it will focus on SaaS opportunities, including in the US.

Coinbase to cut 950 jobs and shut down several projects

Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.

Silvergate reveals depleted deposits, significant layoffs, and impairment charges

Silvergate Capital’s share value dropped by over 40% in response to the financial results.

FinTech Futures: Top five stories of the week – 21 October 2022

Here’s our pick of five of the top news stories from the world of finance and tech this week.

SaaS financial data platform Canalyst secures $70m Series C investment

Canalyst says it wants to be “the new fundamental dataset of record”.

Box: Insurance isn’t just about premium rates, it’s about the entire user experience process

Vaneet Grewal, Box’s financial services managing director, talks to FinTech Futures.

Why the BNPL sector is growing like crazy

There is plenty of room for experiments in BNPL, and many customer segments are yet to be addressed.

HSBC explores options for loss-making US arm as profits dip 34%

Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.

Bill.com edges closer to profitability, shares up 30%

Between last October and December, revenue was up 38%, to $54 million.

PayPal posts 22% revenue rise on back of e-commerce growth

2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.

Santander’s profits down 35%, but Botín bets on vaccine for 2021

“Vaccination is the most important economic policy for 2021,” says Botín.

NerdWallet makes second acquisition in 2020 with Fundera

The deal with Fundera sees NerdWallet continue to diversify its business.

Four lessons we can learn from the biggest financial technology scandals

From Wirecard and Enron to Bernie Madoff and Parmalat.

How to prevent your cloud finances from sinking you during economic turbulence

Practical steps to establish and maintain a successful cloud financial management (CFM) strategy.

SoftBank’s Mayoshi Son compares himself to Jesus Christ on investor call

Son noted that Jesus was also misunderstood and criticised.

Jack Ma resigns from SoftBank Group’s board of directors

SoftBank reported an annual operating loss of JPY 1.36 trillion ($13bn).

Travelex owner Finablr prepares for insolvency

Finablr processed $115 billion in transactions in 2019, and more than 1,500 firms rely on it.