Financial ResultsRSS

Lombard Risk still feeling the loss

Lombard Risk 1

UK-based regtech and risk management vendor Lombard Risk is still reporting losses in its latest full year results. For the period ended 31 March 2017, pre-tax loss came in at £1.6 million, an improvement on the £2.2 million from the year before. As reported in May 2016, as a result of its loss for 2015/16 […]

Payments round-up: 18 May 2017

Banking Tech 2

Words cut. Time saved. A round-up of key events in the payments enclave. Featuring Australian Settlements Limited, IBM, Mastercard, UnionPay International, Visa and Wirecard. Financial services provider Australian Settlements Limited (ASL) has adopted IBM Cloud for its new payments platform (NPP) implementation. ASL provides members, including building societies, credit unions and mutual banks, with settlement […]

The Monday mindset: 15 May 2017

Banking Tech 2

Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Antony Peyton, Banking Technology’s deputy editor, looks at why journalism is not controlled by your company. Well, not here anyway. Hey fintech […]

Intellect turns corner in profit quest

Intellect Design Arena logo

The loss problems for India’s Intellect Design Arena have abated as it has revealed a profit after tax of INR 106 million ($1.65 million) in its Q4 results. As Banking Technology reported last year, Intellect’s lack of profit worsened as it disclosed a loss after tax of INR 138 million ($2 million) for the quarter […]

Gently does it for FIS revenue rise

FIS

It’s a tale of small numbers with FIS’s latest financial results revealing a moderate rise for earnings and revenue. In its first quarter, FIS’s GAAP revenue increased 3.4% to $2.2 billion from $2.1 billion in the prior year quarter. Operating income increased to $260 million for the quarter, from $184 million in the prior year […]

Payments keep pushing Fiserv revenue growth

Fiserv's Precision core banking system gains new taker

The power of payments keeps on driving revenue growth upwards for Fiserv – with some healthy Q1 2017 results. GAAP revenue for the company increased 5% in the first quarter to $1.39 billion, driven by 6% growth in its payments segment and 4% growth in its financial segment, compared to the first quarter of 2016. […]

Cash cloud – AWS, Google and Azure are smashing it

Bar Chart

Amazon Web Services (AWS), Google and Microsoft Azure have all reported healthy growth figures, with artificial intelligence (AI) forming the central role in the future of the platforms, reports Telecoms.com (Banking Technology‘s sister publication). Current market leader AWS has demonstrated another quarter of exceptional growth, though it is slowing ever so slightly. Let’s be clear, […]

US EMV hits milestone: one billion Visa chip transactions in March 2017

visa-emv-chip-infographic

US EMV use has hit a milestone. For the first time, the number of Visa chip card transactions topped one billion last month, a 330% increase from March 2016.

Avaloq under attack as Temenos starts year strongly

Temenos gains new live site in Palestine

Banking software vendor Temenos has reported a strong start to 2017 with total software licensing revenues up 19% – and it takes a swipe at rival Avaloq in the process. In its Q1 2017 financial results, its non-IFRS total revenues were $142.7 million compared to $129.4 million for the same period last year. Non-IFRS EBIT […]

IBM promise in the cloud threatens to become false dawn

IBM working with Standard Life and ING Direct Australia

IBM has reported a mixed bag of results for the first quarter of 2017, with the strategic imperatives offerings up but overall revenues down 2% to $18.2 billion, reports Telecoms.com (Banking Technology‘s sister publication). While another quarter of decline is nothing new to report for Big Blue, what might be worrying for the team is […]

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