Workflow
Financial Technology
icon
Search documents
Fiserv Inc. (FI) Strengthens Core Banking Prospects with SCG Acquisition
Yahoo Finance· 2025-10-03 08:47
Fiserv Inc. (NYSE:FI) is one of the best beaten-down technology stocks to buy, according to analysts. On September 25, the company confirmed the acquisition of Smith Consulting Group (SCG). The acquisition is poised to strengthen the company’s operations in offering core banking and advisory services. It will also enhance the company’s ability to deliver end-to-end transformation for community banks and credit unions. Fiserv Inc. (FI) Strengthens Core Banking Prospects with SCG Acquisition The two compan ...
Fiserv, Inc. (FI) to Target Financial Institutions with StoneCastle Cash Management Acquisition
Yahoo Finance· 2025-10-03 08:47
Group 1 - Fiserv, Inc. is recognized as a strong buy-the-dip stock following its agreement to acquire StoneCastle Cash Management, enhancing its position as a technology-enabled source of institutional deposits [1] - The acquisition of StoneCastle will allow Fiserv to target financial institutions by providing access to stable and cost-efficient deposits, optimizing balance sheets for these institutions [2] - Fiserv's COO, Takis Georgakopoulos, stated that the acquisition will enable institutions to custody cash supporting FIUSD stablecoins, unlocking new value and accelerating innovation within the financial ecosystem [3] Group 2 - Fiserv offers a comprehensive range of technology solutions for the financial services industry, including digital banking, account processing, card services, e-commerce, and payment processing [4]
Fiserv Reveals Content Next to Strengthen Banks’ AI-Powered Content Management
Yahoo Finance· 2025-10-02 22:52
Fiserv, Inc. (NYSE:FI) is among the 10 Best Mobile Payments Stocks to Buy Now. Fiserv, Inc. (NYSE:FI) announced the release of Content Next, a cloud-based content management and workflow platform jointly developed with OpenText. The solution’s fundamental AI, automation, and smooth connectivity with Google Workspace and Microsoft 365 are intended to assist financial institutions in automating their operations. Fiserv Reveals Content Next to Strengthen Banks' AI-Powered Content Management According to Fis ...
US IPO reviews expected to freeze amid government shutdown
Yahoo Finance· 2025-10-02 15:30
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: The Securities and Exchange Commission’s processing of initial public offerings is expected to mostly grind to a halt during the federal government shutdown. In guidance posted on its website, the SEC said its Division of Corporation Finance is still accepting new initial public offering statements via its “EDGAR” portal during the shutdown, but the agency ind ...
SEI Announces Strategic Partnership with Graphene
Prnewswire· 2025-10-02 12:00
Core Insights - SEI has announced a strategic partnership with Graphene to enhance wealth management infrastructure for various financial entities in the U.K. [1][5] - SEI Ventures has made a strategic investment in Graphene, aiming to create sustainable growth engines in the wealth management sector [5][6] Group 1: Partnership Details - Graphene will implement the SEI Wealth Platform, providing clients with integrated wealth management infrastructure that allows for institutional-grade operations and technology [2][5] - The partnership aims to empower wealth managers by combining SEI's technology and operations with Graphene's secure digital infrastructure, enabling firms to focus on innovative strategies for growth [3][4] Group 2: Strategic Investment - SEI Ventures, SEI's venture capital program, focuses on investments that explore emerging frontiers in wealth management, with Graphene being a key addition [5][6] - The investment in Graphene is part of SEI's strategy to unlock access to new market segments and data-driven solutions for wealth managers [6] Group 3: Company Background - SEI is a leading global provider of financial technology, operations, and asset management services, managing approximately $1.7 trillion in assets as of June 30, 2025 [6]
Fidelity National Information (FIS) Presents Key Strategies at Goldman Sachs Conference
Yahoo Finance· 2025-10-02 11:28
Core Insights - Fidelity National Information Services, Inc. (NYSE:FIS) is identified as one of the most undervalued growth stocks according to hedge funds [1] - The company presented its key strategies at the Goldman Sachs conference, highlighting core strengths and effective capital allocation, including plans for increased share buybacks [1] - Management remains optimistic about the macroeconomic environment, supported by favorable regulatory conditions [1] Financial Performance and Projections - The company has enhanced its digital capabilities through acquisitions of Dragonfly, Everlink, and Amount [2] - Fidelity National Information Services, Inc. targets a 90% free cash flow conversion next year, driven by lower capital intensity [2] - The company expects banking revenue growth of 4% to 4.5% for the year, with third quarter growth forecasted at 3% to 3.5% and fourth quarter growth expected to improve to 6.5% [2] Industry Context - Fidelity National Information Services, Inc. provides technology solutions to financial institutions, businesses, and developers [3] - While the potential of FIS as an investment is acknowledged, certain AI stocks are considered to offer greater upside potential and less downside risk [3]
OppFi Announces New $150 Million Revolving Credit Facility
Prnewswire· 2025-10-02 11:00
Core Points - OppFi Inc. has closed a new $150 million revolving credit facility, replacing a prior facility, which is expected to significantly improve financing costs with a reduction in the interest rate from SOFR + 7.5% to SOFR + 6.0% [1][2] - The new credit facility is aimed at supporting the company's growth in receivables and enhancing access to credit for underserved Americans [2] Company Overview - OppFi is a tech-enabled digital finance platform that partners with banks to provide financial products and services to everyday Americans, focusing on financial inclusion and customer experience [3] - The company has a high customer satisfaction rating, maintaining a 4.4/5.0 star rating on Trustpilot based on over 5,200 reviews [3] - OppFi holds a 35% equity interest in Bitty Holdings, LLC, which offers revenue-based financing and working capital solutions to small businesses [3]
Bullish to launch crypto options trading with top-tier consortium of trading partners
Prnewswire· 2025-10-02 01:00
Core Viewpoint - Bullish is set to launch crypto options trading on October 8, 2025, enhancing its ecosystem of crypto derivatives for institutional customers [2][3]. Group 1: Product Offering - The new options trading will complement Bullish's existing products, which include spot, margin, perpetual futures, and dated futures, creating a comprehensive derivatives product suite [2][3]. - Options contracts will be settled in USDC and will utilize Bullish Portfolio Margining (BPM), designed for better risk management and capital efficiency [8][9]. Group 2: Strategic Partnerships - Bullish has collaborated with major options market-makers and trading partners to develop a product that addresses current challenges in crypto options trading [4]. - Confirmed day-one trading partners include notable firms such as Galaxy Digital, Flow Traders, and FalconX, which will enhance liquidity and price discovery in the market [5][6]. Group 3: Market Position and Performance - Since its launch in November 2021, Bullish has achieved over $1.5 trillion in cumulative trading volume and executes over $2 billion in average daily volume in 2025 [10]. - Bullish ranks among the top ten exchanges by spot volume for Bitcoin and Ether, establishing itself as a leading institutionally-focused digital assets exchange [10].
Blockchain Association sends letter to Congress defending GENIUS Act
CNBC Television· 2025-10-01 20:00
Regulatory Landscape & Advocacy - The Blockchain Association defends the Genius Act, asserting it as settled law and crucial for maintaining US leadership in innovation [1][2] - The Association actively pushes back against large banks' attempts to weaken the Genius Act, which provides legal clarity for stablecoin issuers [2][3] - The Association is running a campaign with a similar narrative to Coinbase, advocating for consumer rewards on stablecoins and countering bank lobbying efforts [9][10] - The Association emphasizes the importance of bipartisan efforts in Congress to achieve comprehensive crypto market structure legislation [15] - The Association highlights the need for regulatory harmonization between the SEC and CFTC to foster innovation and provide market certainty [17][19] Stablecoin Rewards & Banking Concerns - The core concern revolves around banks' apprehension regarding stablecoin rewards potentially leading to a flight of deposits from community banks [4] - The Association argues there's no concrete evidence of stablecoin investments causing a decrease in bank deposits [5] - The Association views the debate over stablecoin rewards as a competitive issue for banks, suggesting they should compete on interest rates [6][7] - Stablecoin holdings offer around 4% in rewards, significantly higher than the less than 1% typically offered by banks on savings accounts [6][7] Clarity Act & Regulatory Clarity - The industry emphasizes that revisiting the Genius Act would remove crucial legal clarity, hindering innovation and potentially pushing it overseas [12][13] - The industry hopes the Clarity Act will provide clear guidelines on when digital assets are considered securities under SEC jurisdiction versus commodities under CFTC jurisdiction [22][23] - The industry believes the CFTC is well-equipped to oversee digital assets, citing their experience with Bitcoin futures and monitoring trading activities [25][26]
VCI Global to Announce First Half 2025 Financial Results on October 6, 2025
Globenewswire· 2025-10-01 19:30
Core Viewpoint - VCI Global Limited is set to release its financial results for the first half of 2025 on October 6, 2025, and will provide updates on its strategic initiatives and outlook during an earnings call [1][3]. Group 1: Financial Results Announcement - The financial results for the six months ended June 30, 2025, will be announced before U.S. markets open on October 6, 2025 [1]. - An earnings call is scheduled for 8:30 a.m. Eastern Time on the same day to discuss financial performance and strategic updates [1]. Group 2: Company Overview - VCI Global Limited operates as a cross-sector platform builder focusing on technology and financial architecture [3]. - The company aims to develop and scale platforms in areas such as artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions [3]. Group 3: Strategic Focus - VCI Global integrates technology innovation with financial ecosystems to help enterprises, governments, and institutions leverage opportunities in the digital economy [4]. - The company's strategy emphasizes building scalable platforms that provide resilience, efficiency, and long-term value across multiple high-growth sectors [4].