Investor day highlights: transformation, innovation, and strong TSR across cycles. Reiterates aim to achieve sustainable ROE of 19.5% and a C/I ratio near 42% in the next three to four years.Lima, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Lima, Peru, October 10, 2025 – (“Credicorp” or “the Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, Panama and United States yesterday hosted its 2025 Investor Day in New York, marking the 30th a ...

India is attempting a financial transformation by turning millions of low-income earners into stock market investors — all for just $3 a month.@ashutoshasj explains how https://t.co/JnK0YOgtGp https://t.co/YQZlTJhnwq ...

Credicorp (NYSE:BAP) 2025 Investor Day October 09, 2025 09:00 AM ET Company ParticipantsCésar Ríos - Chief Risk OfficerFrancesca Raffo - Chief Innovation OfficerGianfranco Ferrari - CEORaimundo Morales - Vice ChairmanLuis Romero - Executive ChairmanRaimundo Morales - CEOAlejandro Perez-Reyes - CFOMónica Rivas - Division Manager of Bancassurance and Credicorp EcosystemsMilagros Cigüeñas - Head of Investor RelationsAndre Resende - CTONone - TranslatorGiovanni Terzano - Head of Products, Digital Channels, and ...

Qatar National Bank (QNB Group) has received licence approval from the Central Bank of Egypt for its new digital-first banking entity, ezbank. The group said the licence aligns with the Central Bank of Egypt’s agenda on financial inclusion and digital transformation, as the country seeks to modernise the banking sector. According to the company statement, ezbank will provide services through mobile-led platforms and AI-enabled tools, underpinned by risk management systems. The bank intends to offer digi ...

Core Insights - Nu Holdings is presented as a fully-implemented model with scalability and financial inclusion, indicating strong operational capabilities and growth potential [1]. Company Analysis - The previous review of Nu Holdings highlighted its established business model rather than future promises, suggesting that the company has already achieved significant milestones [1]. - The focus on financial inclusion indicates that Nu Holdings is targeting underserved markets, which could lead to substantial growth opportunities [1]. Investment Perspective - The analysis emphasizes the importance of value companies with solid long-term potential, aligning with the investment strategy of targeting firms that demonstrate sustainable growth [1].

Core Insights - Coastal Financial Corporation has appointed Brandon Soto as Chief Financial Officer, effective October 1, 2025, bringing extensive experience from Square Financial Services [1][2] Group 1: Appointment and Background - Brandon Soto's appointment signifies a commitment to operational excellence and regulatory stewardship, aiming to scale both fintech and community banking divisions [2] - Soto has over two decades of experience in major financial institutions and fintech, enhancing the company's strategic foresight [2] Group 2: Previous Experience - As CFO of Square Financial Services, Soto managed all financial operations, including the successful submission of the bank's charter application, securing approvals from regulatory bodies [3] - His leadership at Square ensured compliance with capital requirements and positioned the bank for strategic growth [3] - Soto has held significant roles at various institutions, including Green Dot Bank and Sallie Mae Bank, focusing on financial infrastructure and operational management [4] Group 3: Educational Background - Soto holds an MBA and a Graduate Certificate in Accounting from Westminster University, along with a Bachelor of Science in Finance and Accounting from the University of Utah [5] - He is a licensed CPA in Utah and has completed the McKinsey Hispanic & Latino Executive Leadership Program, highlighting his dedication to leadership development [5] Group 4: Vision and Leadership - Soto's approach emphasizes economic empowerment and financial inclusion, aligning with Coastal's mission to modernize operations and create lasting value for customers and shareholders [6] - The CEO of Coastal expressed enthusiasm for Soto's appointment, indicating it aligns with the bank's goals of serving communities effectively [6] Group 5: Company Overview - Coastal Financial Corporation is based in Everett, Washington, with assets totaling $4.48 billion and operates 14 branches across Snohomish, Island, and King Counties [7] - The bank provides banking services through its CCBX segment, catering to digital financial service providers [7]

State Bank of India (SBI) has further strengthened its presence in Tamil Nadu, with the inauguration of 14 new branches, 2 Home Loan Centers, 2 modern Rural Self Employment Training Institutes (RSETIs), and a Special Currency Administration Branch (SCAB). These initiatives were inaugurated by SBI Chairman Challa Sreenivasulu Setty during his visit to the Bank’s Local Head Office in Chennai on Sunday. Further to this, as part of the Department of Financial Services (DFS) campaign for the saturation of Financ ...

Core Insights - International Money Express, Inc. (Intermex) has expanded its Payroll Card Program in partnership with Central Payments, allowing U.S. employers to digitize payroll disbursement at no additional cost, thus eliminating the need for paper checks or cash handling [1][2] - The initiative aims to provide employees with fast and secure access to their wages, promoting financial inclusion and reducing costs associated with cashing checks [2][3] - A new feature allows Intermex Payroll cardholders to send international wires with no transfer fee directly from the Intermex mobile app and web platform, enhancing the convenience of payroll and remittance services [3][4] Company Overview - Intermex, founded in 1994, facilitates money transfers from the U.S., Canada, Spain, Italy, the U.K., and Germany to over 60 countries, utilizing various platforms including agent retailers and mobile apps [5] - The company is headquartered in Miami, Florida, with international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain [5] Partnership Details - The collaboration between Intermex and Central Payments aims to integrate payroll, payments, and remittances into a seamless digital experience, empowering employees and their families [3] - Central Payments specializes in payment programs for various financial services, enhancing the capabilities of Intermex's offerings [6]

Group 1 - The article highlights Renuka Nayani's journey from a technology consultant to CFO, emphasizing her focus on financial inclusion and social entrepreneurship [1][4][8] - Nayani's experience with the Accenture Development Partnerships program and her work with the World Bank in Sri Lanka provided her with insights into the financial needs of emerging markets [2][8] - After obtaining her MBA, Nayani transitioned to a finance career, initially working at Morgan Stanley in technology investment banking, which deepened her understanding of financial inclusion [3][6] Group 2 - Nayani held various financial leadership roles at Oportun, a company that provides loans to individuals with thin credit files, before becoming CFO of Fundbox in 2023 [4][5] - The article discusses Nayani's educational background, including her undergraduate degree in computer and electrical engineering and her decision to pursue an MBA to explore broader career options [6][7] - Nayani's engineering background is noted as a strong foundation for her structured approach to problem-solving in finance [7]

Core Insights - Credilab, a fintech subsidiary of VCI Global, has achieved significant milestones in the Southeast Asian digital financing landscape, including a loan book expansion to US$35 million and a 53% year-over-year revenue growth [2][6] - The company has maintained non-performing loans (NPL) below 3%, demonstrating effective risk management through its proprietary credit risk engine [2][4] - Credilab has received conditional approval for a full online lending license from the Malaysian government, which will enhance its ability to provide nationwide financing access [3][6] Company Performance - For the twelve months ending June 2025, Credilab's loan book reached US$35 million, reflecting strong demand from underserved small and medium enterprises (SMEs) [2] - The company reported a 53% increase in revenue year-over-year, indicating robust growth and scalability of its AI-driven model [2] - The NPL ratio remains below 3%, highlighting the effectiveness of Credilab's credit assessment and risk management systems [2][4] Regulatory Developments - Credilab has received conditional approval for a full online lending license from the Ministry of Housing and Local Government of Malaysia, marking a significant regulatory milestone [3] - This approval is expected to facilitate seamless access to financing across Malaysia, aligning with Credilab's mission to democratize credit [3][5] Market Opportunity - As of 2024, micro, small, and medium enterprises (MSMEs) represent 96.1% of all business establishments in Malaysia, indicating their critical role in the economy [5] - Malaysia faces an SME financing gap of approximately US$64 billion, underscoring the substantial unmet demand for financing solutions [5] - Credilab aims to address this gap by offering same-day loan disbursement and alternative credit scoring, thereby promoting financial inclusion [5][6]