在解析各家互金上市公司2025年Q1数据之前，有必要先看看目前主流的互金公司的主要业务。 互金上市公司作为国内金融科技的主力，最早助贷业务为主，但在经历了几年发展和市场以及监管变化，逐渐又延伸了一些其他服务，为他们带来了不同的 收入构成。 「一只互金鹅」进行了简单的总结： 1、自营贷款； 自己的小贷牌照做资金方，自己放贷，体现为表内贷款。几家上市公司收入部分的"融资收入"即体现的就是这一业务。 有实力一点的，拿到ABS发行资格，融资成本低。 2、助贷； 接其他银行/消费金融/小贷资金做助贷业务，这是最主流也最主要的服务。 分为：加担保，需要兜底的重资本模式助贷；（2）和资金方分润的轻资本模式助贷。 3、导流； 沉淀了亿级客户，自己消耗不完，导流（转介）给其他助贷平台。现在几乎每家都在做。 4、卖会员、卖信用报告； 会员权益，大多数是外接一些其他平台的卡券、会员权益。信用报告有的是外接的天下信用报告，有些是靠自己既有一些用户数据，生成一些虚头巴脑的评 分加看似很重要的加了一些多头、黑名单数据的报告。 5、卖保险； 有几个互金平台是有保险经纪牌照的，比如宜人智科、百融。 6、分期商城； 典型的是乐信的分期乐商城。 ...

文︱陆弃 在国际金融科技舞台日益碎片化与区域化的当下，一场值得全球关注的跨界合作悄然在东南亚落地。6 月4日，华侨银行（OCBC）宣布携手蚂蚁国际，在印度尼西亚推出面向中小企业的嵌入式金融服务。 这不仅是蚂蚁国际首次与印尼银行系统展开深度合作，也代表中国科技力量在全球南方市场以"技术整 合+场景嵌入"的新模式重启出海路径，更是新加坡区域金融机构谋求"技术嫁接型增长"的一次关键实 践。 同时，华侨银行的角色同样不可小觑。作为新加坡三大银行之一，OCBC近年来积极转型为"区域化、 科技化、生态化"的综合金融服务集团。在新马市场试水嵌入式融资已初见成效，2023年起在新马发放 的贷款接近2亿元，主要服务对象即为电商生态链中的小商家与数字服务商。此次进军印尼，既是该战 略的自然延伸，也是对新加坡金融中心"服务东盟"的功能性验证。更重要的是，OCBC并未以"单边输 出"的傲慢介入，而是将蚂蚁国际的数据能力、AI风控系统与自身在印尼积累的本地信用渠道、客户网 络深度整合，真正形成"双轨协同"的合作架构。 这一合作正发生在全球金融科技生态剧烈变动之际，西方国家对中国金融科技企业的防范情绪不断升 温，而中国企业也在重新审视其 ...

Fiserv (FI) 2025 Conference June 03, 2025 08:30 AM ET Speaker0 Well, good morning, everyone, and welcome to the Baird conference this year. We're we're very pleased to be hosting all of you. We're very pleased to be hosting Fiserv this morning with new CEO, Mike Lyons, who's been at Fiserv a few months, and this is one of his first first conferences at Fiserv. I think all of you know Fiserv has been one of the most stable growth businesses really in the history of the markets, quite honestly. I think this w ...

Summary of Marketa Fireside Chat Company Overview - **Company**: Marketa - **Industry**: Payments and IT services Key Points and Arguments 1. **Current State of the Company**: Marketa is transitioning from hyper growth to a more mature phase, now operating EBITDA positive with diversified business lines [4][5][6] 2. **Portfolio Migration**: The company is migrating portfolios from other platforms to its modern platform, which is expected to enhance future business opportunities [5][8] 3. **White Label App Development**: Marketa is building a white label app to assist customers in market entry, indicating a focus on user experience [5][6] 4. **Program Management in Europe**: The company has expanded its offerings in Europe, which are now more comprehensive than a year ago [6][9] 5. **Customer Base Expansion**: Existing customers are expanding their offerings and geographies, with eight out of the top ten customers having multiple programs with Marketa [12][13] 6. **Macro Environment**: The macroeconomic environment is stable, with healthy consumer spending, although Marketa acknowledges some exposure to economic cycles [17][20] 7. **Discretionary Spending**: Less than 25% of spending on Marketa's platform is in high discretionary categories, making it less exposed to economic downturns compared to peers [20][21] 8. **Non-Block Business Growth**: The non-Block business has been growing at twice the rate of the Block business, indicating strong performance outside of its largest customer [23][24] 9. **European Market Growth**: TPV in Europe has been growing over 100% for several quarters, with a focus on multinational customers [27][29] 10. **Regulatory Environment**: The onboarding process has improved, with no significant impacts from regulatory changes, allowing for faster execution [32][33] 11. **Competitive Landscape**: Marketa does not see a significant shift in competition, as it targets a wide range of use cases and primarily focuses on non-bank businesses [38][39] 12. **RFP Process**: The company continues to engage in both RFPs and referrals, with no significant changes in the sourcing process [41][42] 13. **Stablecoin and BNPL Demand**: Marketa sees opportunities in stablecoin and BNPL markets, with growing interest from customers [44][48] 14. **Tokenization and AI**: The company is well-positioned to support tokenization and AI-driven commerce, leveraging existing capabilities [51][52] 15. **Future Growth Trajectory**: Marketa aims for a sustainable growth trajectory of around 20%, driven by geographic diversification and additional service offerings [69][70] Other Important Insights - **CEO Search**: The search for a permanent CEO is ongoing, with no immediate updates, allowing the interim CEO to focus on business operations [73][75] - **Customer Relationships**: The company is enhancing its relationships with existing customers by offering additional services, which is expected to stabilize take rates [64][66]

Green Dot (GDOT) Q4 2024 Earnings Call February 27, 2025 05:00 PM ET Company Participants Timothy Willi - Senior Vice President of Finance & Corporate DevelopmentGeorge Gresham - CEO, President & DirectorJess Unruh - Chief Financial OfficerChris Ruppel - Chief Revenue OfficerShray Gurtata - Assistant Vice PresidentTim Switzer - Vice President of Equity ResearchMarc Feldman - Equity Research Associate Conference Call Participants Logan Lillehaug - Associate Analyst Operator Good afternoon, and welcome to the ...