Financial ResultsRSS

Samsung loses its CEO despite record profits

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The CEO of Samsung Electronics – Oh-Hyun Kwon – has thrown in the towel, citing an “unprecedented crisis” at the company as his reason, reports Telecoms.com (Banking Technology’s sister publication). The specifics of that crisis were not revealed in “an emotional letter” (according to the Samsung press release) sent to all employees by Kwon, who […]

Avoka reports record growth for second consecutive year

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Australia-based digital banking software vendor Avoka is celebrating its second year in a row of topping expectations. The company has experienced big gains in order numbers (79% overall, 67% new business), opened a new office in Frankfurt, Germany, and launched a new solution to help FIs build and implement their visions for an omnichannel experience, reports […]

Klarna celebrates year-over-year sales, profit gains

Klarna unveils Wavy

Klarna is having quite a summer. It reported sales and profit results for the first half of 2017 that represented gains of 21% and 138%, respectively, reports Finovate (Banking Technology‘s sister company). The strong financials come amid a series of headlines that show the Swedish payments company making strides on a number of fronts. This includes […]

Top fintech stories this week – 25 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Fiserv buys payments software vendor Dovetail Pushes deeper into the payments infrastructure sector. Mobile contactless transactions hit £370m in UK in H1 2017 A whopping 336% year-on-year increase. Avaloq maintains momentum with massive earnings rise Adjusted EBITDA increased […]

Avaloq maintains momentum with massive earnings rise

Avaloq gets new core banking customer in Switzerland

Avaloq has reported impressive earnings growth for the first half of 2017 due to investment in its banking suite and the “accelerating trend of the market” towards digital, Software-as-a-Service (SaaS) and transaction processing services. For H1 2017, the firm says compared to the same period last year, adjusted EBITDA increased 257% to CHF 36.3 million […]

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

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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

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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.

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