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Alkami Releases Annual Budgeting & Strategies Playbook for Financial Institutions
Prnewswire· 2025-09-24 14:00
Core Insights - Alkami Technology, Inc. has released its "2026 Budgeting & Strategies Playbook," aimed at guiding financial institutions in the U.S. towards the next era of banking through enhanced digital sales and service [1] Group 1: Company Overview - Alkami Technology, Inc. is a provider of digital sales and service platforms specifically designed for financial institutions in the United States [1] Group 2: Industry Trends - The playbook emphasizes a shift in banking strategies from personalization to anticipation, indicating a trend towards more proactive customer engagement in the financial services sector [1]
Solifi acquires wholesale finance provider DataScan
Yahoo Finance· 2025-09-24 13:45
Global secured finance technology provider Solifi has acquired DataScan, a company specialising in wholesale finance and inventory risk management. Financial specifics of the deal remain undisclosed. The purchase is anticipated to enhance Solifi's automotive offerings and its Open Finance Platform with DataScan's wholesale solutions. Established in 1989, DataScan has been serving the wholesale finance and risk management sector for over three decades, providing services to more than 45 major banks and c ...
Tipalti Secures $200 Million in Growth Financing to Drive Next Wave of AI Innovation in Finance
Prnewswire· 2025-09-24 13:00
Core Insights - Tipalti has secured $200 million in growth financing from Hercules Capital to enhance its AI capabilities and support global expansion [1][3][11] - The company has introduced an upgraded version of Tipalti AI, focusing on context-aware AI agents to improve productivity and insights for finance teams [2][4] - Tipalti's annual recurring revenue (ARR) has surpassed $200 million, reflecting a 30% year-over-year growth in its customer base [6][7][8] Financing and Investment - The $200 million financing will be used for further investment in AI and product innovation [1] - Hercules Capital emphasizes Tipalti's strong growth and product innovation as key factors for their partnership [3] Product Development - The new Tipalti AI features enhanced AI agents that automate repetitive tasks and provide valuable insights, allowing finance teams to focus on strategic initiatives [2][4] - The Tipalti AI Assistant has been improved to assist finance professionals with complex queries through an intuitive chat interface [5] Business Performance - Tipalti has achieved over $200 million in ARR and a 30% increase in its customer base, serving more than 5,000 global companies [6][7][8] - The company processes payments at an annualized volume of $75 billion, marking a more than 30% increase year-over-year [7] Market Position and Future Outlook - Tipalti aims to redefine finance operations through intelligent automation, addressing the growing demand for efficiency in finance [8] - The company partners with major financial institutions to facilitate secure payments across 200+ countries and territories [10]
DeFi Technologies and SovFi Unveil Full-Stack Sovereign Finance Framework to Modernize the $100T+ Sovereign Debt Market
Prnewswire· 2025-09-24 12:01
Accessibility StatementSkip Navigation TORONTO, Sept. 24, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce a landmark collaboration with SovFi Inc. ("SovFi"), a sovereign finance company that designs principal protected, capital appreciating instruments and market liquidity solutions for large ...
PayPal Announces a Multi-Year Relationship for U.S. Buy Now, Pay Later Receivables with Funds Managed by Blue Owl Capital
Prnewswire· 2025-09-24 11:00
Core Insights - PayPal and Blue Owl Capital have entered into a two-year agreement for Blue Owl to purchase approximately $7 billion of PayPal's "Pay in 4" loans originated in the U.S. [1] - PayPal's "Pay in 4" product allows consumers to split eligible purchases into four interest-free payments over six weeks, enhancing its BNPL offerings [2] - In 2024, PayPal processed over $33 billion in BNPL payment volume globally, reflecting a 21% increase from 2023 [3] Company Strategy - The partnership with Blue Owl is aligned with PayPal's balance sheet-light model for credit and supports the growth of its Pay Later portfolio [4] - PayPal's scale and consumer relationships enable informed credit decisions, enhancing the quality of its BNPL offerings [4] Market Position - PayPal's BNPL solutions are widely available, making it one of the most broadly distributed options in its largest markets [2] - Merchants using PayPal's BNPL can offer flexible payment options that drive higher sales, with average order values over 80% higher than standard transactions [3]
Bank of America Securities Maintains Buy on Intuit Inc (INTU)
Yahoo Finance· 2025-09-24 08:06
Group 1 - Intuit Inc. is recognized as one of the best technology stocks for long-term investment, with a Buy rating and a price target of $800 from Bank of America Securities [1][2] - The company's initiatives in the mid-market and tax-assisted segments are gaining traction, and its platform is expected to enhance margins by 80 basis points by fiscal year 2026 [1][2] - The stock is trading at 27 times FY26 free cash flow, which is deemed reasonable, with projected free cash flow growth of 16% supporting the price target [2] Group 2 - A significant catalyst for growth is the upcoming launch of Intuit Connect, which aims to improve cross-selling opportunities, particularly for QuickBooks in the mid-market [2] - TurboTax is anticipated to continue its growth trajectory, focusing on increasing revenue per customer through services like TurboTax Live and Full Service [2] - Intuit Inc. provides a financial technology platform that assists consumers and small to mid-market businesses in managing their finances and compliance [3]
FIS Launches Enhanced Private Capital Suite to Power the Future of Private Equity
Businesswire· 2025-09-23 12:33
Core Insights - FIS has reengineered its Private Capital Suite into a cloud-native software-as-a-service (SaaS) solution [1] - The upgraded suite is now a fully integrated front-to-back solution, incorporating the newly launched Investor Services Suite [1] - The Private Capital Suite aims to address significant challenges in the private equity sector by automating manual processes [1]
Uber, Intuit, Coinbase And BitMine On CNBC’s Final Trades - BitMine Immersion Techs (AMEX:BMNR), Coinbase Global (NASDAQ:COIN)
Benzinga· 2025-09-23 11:43
Group 1: Uber Technologies, Inc. - Uber Technologies, Inc. reached a new 52-week high, closing at $99.39 with a gain of 0.9% [1][5] - The company launched its first drone delivery program in partnership with Flytrex, enhancing its logistics strategy [1] Group 2: Bitmine Immersion Technologies, Inc. - Bitmine Immersion Technologies announced a registered direct offering of $365.24 million, consisting of 5,217,715 shares at $70 per share and 10,435,430 warrants at $87.50 per share [2] - Shares of Bitmine Immersion fell 10.1% to close at $55.10 [5] Group 3: Intuit Inc. - Intuit reaffirmed its earnings growth expectations during its Investor Day event, maintaining guidance for the first quarter and full fiscal year 2026 [2][3] - Intuit's shares gained 2.1% to close at $702.09 [5] Group 4: Coinbase Global, Inc. - Coinbase Global, Inc. was selected as a final trade by Hightower's CIO, with Barclays raising its price target from $352 to $365 while maintaining an Equal-Weight rating [3] - Coinbase shares dipped 3.1% to close at $331.95 [5]
X @Bloomberg
Bloomberg· 2025-09-23 10:16
Fnality, a UK-based blockchain-payments company, raises $136 million from investors https://t.co/piKmNItSq3 ...
Fiserv, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before September 22, 2025 to Discuss Your Rights – FI
Globenewswire· 2025-09-22 19:47
Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by the forced conversions, masking a slowdown in new merchant acquisitions [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].