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FinVolution(FINV) - 2024 Q2 - Quarterly Report
2024-08-21 10:04
Exhibit 99.1 1 FinVolution Group Reports First Quarter 2024 Unaudited Financial Results -First Quarter China Transaction Volume reached RMB46.1 billion, up 10.3% year-over-year- -First Quarter International Transaction Volume reached RMB2.21 billion, up 40.8% year-over-year- -First Quarter International Revenues increased to RMB594.8 million, up 32.9% year-over-year and contributing 18.8% of total net revenues- SHANGHAI, May 15, 2024 /PRNewswire/ – FinVolution Group ("FinVolution" or the "Company") (NYSE: F ...
FinVolution Group (FINV) Q2 2024 Earnings Conference Call Transcript
Seeking Alpha· 2024-08-21 04:11
FinVolution Group (NYSE:FINV) Q2 2024 Earnings Conference Call August 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Cindy Wang - China Renaissance Yada Li - CICC Alex Ye - UBS Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2024 Earnings Conference Call for FinVolution Group. At this time, all participants are in listen-only mode. After managements' prepared remarks, there will be a ques ...
FinVolution(FINV) - 2024 Q2 - Earnings Call Transcript
2024-08-21 04:11
FinVolution Group (NYSE:FINV) Q2 2024 Earnings Conference Call August 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Cindy Wang - China Renaissance Yada Li - CICC Alex Ye - UBS Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2024 Earnings Conference Call for FinVolution Group. At this time, all participants are in listen-only mode. After managements' prepared remarks, there will be a ques ...
FinVolution Group Reports Second Quarter 2024 Unaudited Financial Results
Prnewswire· 2024-08-20 22:30
-H1 China Transaction Volume reached RMB92.5 billion, up 6.0% year-over-year--H1 International Transaction Volume reached RMB4.5 billion, up 32.4% year-over-year--H1 International Revenues increased to RMB1,157.7 million, up 21.9% year-over-year and contributing 18.3% of total net revenues-SHANGHAI, Aug. 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 20 ...
FinVolution Group to Report Second Quarter 2024 Financial Results on Tuesday, August 20, 2024
Prnewswire· 2024-08-06 10:00
-Earnings Call Scheduled for 8:30 p.m. ET on August 20, 2024-SHANGHAI, Aug. 6, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its second quarter 2024 unaudited financial results, on Tuesday, August 20, 2024, after the close of U.S. markets.The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on August 20, 2024 (8:30 AM Beijing/Hong Kong Time on August 21, 2024).Dial- ...
FinVolution Publishes Sixth Annual ESG Report
Prnewswire· 2024-07-22 07:00
SHANGHAI, July 22, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced it has released its 2023 Environmental, Social, and Governance (ESG) report, the Company's sixth consecutive annual ESG report. The report provides a comprehensive overview of FinVolution's ESG priorities and endeavors in 2023, reaffirming the Company's long-standing commitment to sustainability and fulfilling corporate social responsibility with innovative, g ...
Innovating Security: How FinVolution is Taking Next-Generation Technologies to Fight Deepfake-Driven Financial Crimes
Prnewswire· 2024-07-02 07:40
SHANGHAI, July 2, 2024 /PRNewswire/ -- Deepfake technology, an artificial intelligence tool capable of generating convincingly fake audio and video, is increasingly being used to perpetrate financial crimes worldwide, raising serious concerns about sophisticated fraud.In a notable incident reported by CNN earlier this year, a finance worker was tricked into transferring $25 million during a video call with an individual posing as the company's chief financial officer (CFO), who was actually a deepfake. Such ...
FinVolution Group Wins Asian Banker's Award for "Best Consumer Lending Technology Implementation in China"
Prnewswire· 2024-06-24 05:07
Core Insights - FinVolution Group has been awarded the "Best Consumer Lending Technology Implementation in China" at the Asian Banker China Awards 2024, recognizing its innovative technology in the financial sector [1] - The awards process was rigorous, with over 400 entries from more than 160 institutions, highlighting the competitive nature of the fintech industry in China [1] - The collaboration with CITIC Consumer Finance has significantly enhanced digitalization, efficiency, and risk management, leading to improved business scale and risk indicators [2] Company Overview - FinVolution Group, founded in 2007 and listed on the NYSE in 2017, is a leading fintech company that connects millions of consumers and small enterprises with financial institutions [3] - The company has served 102 licensed financial institutions by the first quarter of 2024, including banks and consumer finance companies, showcasing its extensive network [2] - FinVolution has pioneered technologies in credit risk assessment, fraud detection, big data, and artificial intelligence, establishing a strong presence in pan-Asian markets [3]
FinVolution's Philippines Subsidiary Cooperates with Maya Bank, Boosting Credit Accessibility
Prnewswire· 2024-06-20 09:00
SHANGHAI, June 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial subsidiaries Wefund Lending Corporation and Lightning Financing Company entered into a loan facilitation agreement totaling 2.75 billion Peso (US$47.5 million) with Maya Bank, a pioneering digital bank dedicated to empowering the experience of its consumers and enterprise clients, and improve credit accessibility for the unbanked ...
FinVolution: Appealing Shareholder Yield Is Overshadowed By Downside Risks
Seeking Alpha· 2024-06-18 17:05
imtmphoto/iStock via Getty Images Elevator Pitch I have a Hold rating for FinVolution Group (NYSE:FINV) stock. My earlier November 23, 2023 write-up was focused on the review of FinVolution's financial results for the third quarter of last year. The current update highlights the risks associated with FINV's 2024 performance, and the stock's shareholder capital return outlook. I continue to assign a Hold rating to FinVolution. The stock's potential FY 2024 shareholder yield at the teens percentage level ...