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Korea Exchange Affiliate KOSCOM Applies for Stablecoin Trademarks
Yahoo Finance· 2025-09-17 23:30
Korea Exchange’s IT infrastructure providing affiliate KOSCOM has applied for five stablecoin-related trademarks, in addition to reorganizing its crypto and digital assets departments. The South Korean media outlet Seoul Finance reported that the firm has registered trademarks for the KSDC, KRW24, KRW365, KOSWON, and KORWON brands. The outlet wrote that KOSCOM wants to “proactively respond” to the imminent launch of the KRW stablecoin market in South Korea. KOSCOM Stablecoin Plans ‘in Full Swing’ KOSCO ...
Q&A: What’s Behind Mark Casady’s New Role at FMG
Yahoo Finance· 2025-09-17 20:47
Core Insights - The financial services industry is experiencing significant changes, particularly in wealth management, driven by advancements in AI and strategic partnerships [4][5][7] - FMG is focusing on leveraging AI technology to enhance the efficiency of financial advisors and improve client engagement through innovative tools [6][9][10] Group 1: AI Integration and Product Development - FMG is developing AI-enabled products to assist advisors, including tools like Overwatch, Sidekick, and Muse, aimed at improving operational efficiency and client acquisition [9][10] - The company is exploring partnerships to implement AI solutions, such as a chatbot for advisors' websites, which would enhance client interaction and compliance [10][11][13] - FMG is also testing generative AI for code conversion to modernize its technology stack, which could lead to cost savings and improved functionality [14][15] Group 2: Strategic Growth and M&A Plans - FMG has a vision for continued mergers and acquisitions to streamline the advisor's process and integrate various specialized services [19][21] - The company is interested in acquiring firms that enhance lead generation, CRM, and client reporting capabilities, aiming for a more cohesive service offering [21][22] - There is potential for FMG to go public in the future, although this decision will depend on the company's growth trajectory and market conditions [23] Group 3: Market Context and Future Outlook - The financial technology sector has seen fluctuations, with a notable decline in valuations post-2021, leading to strategic M&A opportunities for companies like FMG [30] - The current environment presents a chance for FMG to acquire technologies from smaller firms at reasonable prices, enhancing its service offerings and market position [30]
Google and PayPal Forge Multiyear Partnership to Revolutionize Commerce
Prnewswire· 2025-09-17 19:21
Core Insights - Google and PayPal have announced a multiyear strategic partnership aimed at enhancing digital commerce solutions, focusing on creating frictionless transaction experiences for businesses and consumers [1][2] - The collaboration will leverage PayPal's payment capabilities and Google's AI technology to improve security and service integration across various Google platforms [2][5] Group 1: Partnership Objectives - The partnership seeks to redefine digital commerce by combining PayPal's global payment infrastructure with Google's AI expertise, facilitating the development of new AI shopping experiences [5] - PayPal's solutions, including branded checkout and payment processing, will be integrated into Google's products to enhance user experience [5] Group 2: Innovation and Technology - The collaboration will advocate for the adoption of best practices like Google's Agent Payments Protocol, which aims to create a secure and scalable solution for future commerce [5] - PayPal will work with Google Cloud to modernize its technology infrastructure, enhancing its next-generation commerce and payments platform [5]
nCino Introduces Integration Gateway to Streamline Data Connectivity for Financial Institutions and Fintech Partners
Globenewswire· 2025-09-17 11:30
Core Insights - nCino, Inc. has launched the nCino Integration Gateway, an Integration Platform as a Service (iPaaS) designed to enhance connectivity among banks, credit unions, and fintech partners, thereby expanding nCino's addressable market [1][5] - The Integration Gateway aims to eliminate integration bottlenecks, facilitating faster adoption of new technologies and creating connected customer experiences that provide a competitive edge [2][4] - The platform supports over 14 core banking platforms and 50 financial services solutions, significantly reducing implementation time and ensuring direct business impact [3][5] Company Overview - nCino is focused on helping financial institutions digitize and reengineer business processes to improve efficiencies and customer experiences, with over 2,700 customers globally [6] - The company integrates artificial intelligence and actionable insights into its platform to enhance strategic decision-making and risk management [6] Technology Features - Integration Gateway includes enterprise-grade governance features such as audit trails, user access controls, and compliance support for regulations like CFPB Section 1033 and GLBA [4] - The platform is already trusted by over 100 North American financial institutions, with assets ranging from $500 million to over $200 billion [5]
Figure Technology Stock: Using Blockchain For Real World Problems?
Forbes· 2025-09-17 09:10
Core Insights - Figure Technology Solutions (NASDAQ:FIGR) debuted on public markets with an IPO price of approximately $25 per share, raising $787.5 million, and closed at $31.11 on the first trading day, a 24% increase [2] - The stock is currently priced around $37 per share, indicating strong market interest [2] - Figure aims to utilize blockchain technology to address real-world financial issues rather than focusing solely on cryptocurrency speculation [2] Company Overview - Co-founded in 2018 by former SoFi CEO Mike Cagney, Figure is developing a blockchain-based lending platform that simplifies consumer credit, initially focusing on home equity lines of credit (HELOCs) [3] - The company has financed over $16 billion in loans through its blockchain system and plans to expand into auto loans and small business financing [3] Technology and Revenue Model - Figure employs its own Provenance Blockchain to manage transactions, enhancing the speed, affordability, and transparency of loan processes [4] - Revenue is generated through loan origination fees, servicing fees, profits from loan sales, and technology usage fees [4] - The company aims to reduce the number of intermediaries in loan transactions, improving efficiency while maintaining security [5] Financial Performance - For the first half of 2025, Figure reported revenue of $190.6 million, up from $156 million the previous year, and a net income of $29.1 million, recovering from a $15.6 million loss in the same period of the prior year [6] - The company facilitated nearly $6 billion in home equity lending, a 29% year-over-year increase [7] - With a market capitalization of around $8 billion, the stock trades at approximately 20 times the run-rate revenues based on the first half of the year [7] Market Potential - Figure's mission focuses on democratizing financial services by leveraging blockchain to eliminate inefficiencies and broaden access [8] - The U.S. home equity market, valued at $35 trillion, presents significant growth opportunities for the company [7]
Levi & Korsinsky Notifies Shareholders of Fiserv, Inc. (FI) of a Class Action Lawsuit and an Upcoming Deadline
Globenewswire· 2025-09-16 21:16
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 these conversions, masking a slowdown in acquiring new merchants [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, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
S&P Global Declares Fourth Quarter Dividend
Prnewswire· 2025-09-16 21:05
Group 1 - S&P Global's Board of Directors has approved a cash dividend of $0.96 per share for the fourth quarter of 2025, payable on December 10, 2025, to shareholders of record on November 25, 2025, resulting in an annualized dividend rate of $3.84 per share [1] - The company has consistently paid dividends since 1937 and is among fewer than 30 companies in the S&P 500 that have increased their dividends annually for over 50 years [2] - S&P Global provides essential intelligence to governments, businesses, and individuals, enabling informed decision-making through data, expertise, and technology [3] Group 2 - The company is recognized for its credit ratings, benchmarks, analytics, and workflow solutions across global capital, commodity, and automotive markets, assisting leading organizations in planning for the future [4]
FISERV DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Fiserv, Inc. Investors to Secure Counsel Before Important September 22 Deadline in Securities Class Action - FI
Globenewswire· 2025-09-16 20:38
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Fiserv, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2] Group 1: Class Action Details - The Class Period for the Fiserv common stock purchases is from July 24, 2024, to July 22, 2025 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by September 22, 2025, to serve as lead plaintiff [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3] Group 3: Case Allegations - The lawsuit alleges that Fiserv made false and misleading statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [4] - It is claimed that Clover's revenue growth was artificially inflated by these forced migrations, masking a slowdown in new merchant business [4] - The lawsuit further states that many former Payeezy merchants switched to competitors due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's growth [4]
Benchmark Maintains Buy Rating for MercadoLibre (MELI)
Yahoo Finance· 2025-09-16 18:50
Group 1 - MercadoLibre, Inc. (NASDAQ:MELI) is recognized as one of the 10 Unrivaled Stocks for the next three years, with a Buy rating maintained by Benchmark analyst Fawne Jiang and a price target set at $2,875 [1] - The recent decision by MercadoLibre to lower the free shipping threshold in Brazil is expected to increase near-term costs but is seen as a strategic move to enhance online penetration in the market [2][3] - Benchmark's meeting with MercadoLibre's management reinforced the belief that collective actions by major companies will accelerate the growth of online shopping in Latin America, suggesting that initial higher costs from the shipping threshold change will be offset by long-term market growth [3] Group 2 - MercadoLibre is the leading e-commerce and financial technology company in Latin America, operating in 18 countries, indicating its significant market presence [4]
Bernstein SocGen Downplays Stablecoin Competition Risks on Circle Internet Group (CRCL)
Yahoo Finance· 2025-09-16 17:34
Group 1 - Circle Internet Group Inc. (NYSE:CRCL) is considered one of the best tech stocks to buy according to Cathie Wood [1] - Bernstein SocGen Group has reiterated an "Outperform" rating on Circle Internet Group with a price target of $230 [1] - Bernstein SoGen downplays competition risks for Circle's USDC stablecoin, stating it does not face significant threats [2][3] Group 2 - Circle's USDC stablecoin is currently being utilized as collateral on Hyperliquid, a leading on-chain futures exchange [2] - Concerns were raised regarding Paxos' proposal for a USDH stablecoin, particularly about the potential use of interest earned from USDH [3] - Circle is well-positioned to face new competition from the GENIUS ACT, with Bernstein not seeing it as a significant risk to USDC [3][2] Group 3 - Circle Internet Group Inc. is a global financial technology firm that enables businesses to leverage cryptocurrency and public blockchains for payments and commerce [4]