Financial ResultsRSS

Is Prosper prospering?

Too much debt

Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.

Digiliti Money delays earnings report, weighs sale or bankruptcy

Financial trouble in fintech paradise

Instead of reporting its second-quarter earnings, Digiliti Money plans to file for an extension with the US Securities and Exchange Commission (SEC) after its accounting firm flagged problems with its previous financial reports.

Green Dot reports net income jump in Q2, touts fintech deals, acquires secured credit portfolio

Green Dot

Green Dot has reported strong numbers for the quarter ended 30 June 2017, including total GAAP revenues of $222.5 million, up from $173.5 million for Q2 2016, representing a year-over-year increase of 28%.

Vantiv and Worldpay agree on $10.4bn merger

merger-300x300

Vantiv and Worldpay each reported double-digit profit growth and announced that their respective boards have agreed to an £8 billion ($10.4 billion) merger. The combined company, which will be called Worldpay, will be valued at approximately £22.2 billion ($28.8 billion).

Digiliti Money evaluates go forward strategy as founder quits and revenue falls

Digiliti Money logo

US-based fintech Digiliti Money (formerly Cachet Financial Solutions) is pondering its future in the light of financial troubles and the resignation of its founder, chairman and CEO, Jeffrey Mack.

AWS commands corner over cloud market

AWS 1

Amazon Web Services (AWS) continues to dominate the worldwide cloud infrastructure services market with nearly $1.2 billion in revenue growth over the past four quarters, reports Light Reading (Banking Technology’s sister publication). Overall, hyperscale cloud providers are maintaining their lead position in the cloud market – which has steadily grown over 40% each year, according to […]

Fintech earnings round-up: 31 July 2017

money

Several major payments companies have released Q2 earnings, including The Bancorp, Discover, Mastercard and PayPal. Overall, payments volume is on the rise and partnerships are proving particularly important for PayPal, which has been on tear with recent strategic announcements.

Confident Intel raises full-year revenue outlook by $1.3bn

Intel-logo

Following a successful quarter, Intel has raised revenue outlook across the full-year owing to solid performance in artificial intelligence (AI) and driverless tech, reports Telecoms.com (Banking Technology‘s sister publication). Quarterly figures were looking pretty impressive too. Total revenue was reported at $14.8 billion, a year-on-year increase of 9%, while net income stood at $2.8 billion, […]

Facebook looks to Messenger for future growth… but not yet

Facebook

Facebook CEO Mark Zuckerberg has cast his sights on monetising his OTT platforms Messenger and WhatsApp, but don’t expect miracles any time soon, reports Telecoms.com (Banking Technology‘s sister publication). The financial performance of the company is exactly what you would expect; another quarter of monstrous growth. Total revenues hit $9.164 billion, a year-on-year increase of […]

Big data and cybersecurity fuel Atos revenue rise

atos

The delightful duo of big data and cybersecurity have fuelled the revenue rise for IT services corporation Atos. In its first half 2017 results, Atos’ “strongest H1 ever”, the firm revealed a revenue in big data and cybersecurity of €357 million – a rise of 13.8% organically. Thierry Breton, chairman and CEO, says: “Either on […]

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