Combined General Meeting of June 5, 2025Availability of preparatory documents Paris La Défense, May 15, 2025 – The shareholders of Worldline [Euronext: WLN] are convened to a Combined General Meeting (ordinary and extraordinary) on Thursday, June 5, 2025 at 2:30 p.m. (Paris time) at Tour Cœur Défense – 100-110 Esplanade du Général de Gaulle – 92931 La Défense. The meeting notice (avis préalable de réunion) including the agenda, the draft resolutions and the terms and conditions of participation and voting a ...

Fiserv (FI) FY Conference May 15, 2025 10:00 AM ET Speaker0 Okay. Thanks everyone for joining. My name is Tien Tsin Huang. I cover payments and IT service here at JPM. This is the Fiserv discussion. I know there's a lot of talk about with Fiserv, a fun name to to cover. So with us from Fiserv, we've got Bob Howe, the the CFO. Julie's here also in the in in the audience. But thank you both for being here, Bob? Absolutely. Glad to be here. Thanks for I know you've been really busy with a lot of things going o ...

Summary of Varonis Systems (VRNS) FY Conference Call Company Overview - Varonis Systems focuses on data security for enterprises, helping organizations protect sensitive data across various environments, including on-premises and cloud applications [3][4] - The company transitioned to a SaaS model in 2023, aiming to complete this transition by the end of 2025 [5][38] Core Business and Technology - Varonis provides a technology platform that automates data protection, enabling organizations to understand their data, monitor access, and respond to threats [4][6] - The company emphasizes the importance of data security, especially in the context of increasing data generation and the rise of generative AI [9][10] Market Opportunity - Data security has become a top priority for organizations, shifting focus from traditional perimeter security to protecting sensitive data [8][9] - Varonis claims to be uniquely positioned in the market, as it protects data from the inside out, unlike competitors who focus on endpoint or network security [10][15] Competitive Landscape - The increase in competitors validates the importance of data security, with many companies entering the space from adjacent product categories [15][16] - Varonis differentiates itself by offering comprehensive monitoring across various data sets, including databases, applications, and cloud environments [18][19] Adoption of Generative AI - Organizations are cautious about adopting generative AI tools without addressing data privacy and security concerns [21][22] - Varonis is seeing increased demand for its services as companies look to secure their data before deploying AI tools [22][23] MDDR Offering - The Managed Detection and Response (MDDR) service has become a significant driver of business, providing customers with continuous monitoring and alerts for potential threats [31][35] - MDDR is only available through the SaaS platform, which has seen rapid adoption since its launch [40][41] Transition to SaaS - Varonis is undergoing a significant transition from on-premises to SaaS, with expectations that 80% of its Annual Recurring Revenue (ARR) will come from SaaS by the end of 2025 [38][39] - The company has reported higher Net Revenue Retention (NRR) for its SaaS offerings compared to overall company metrics, indicating strong customer growth and satisfaction [42][43] Financial Performance - Varonis has raised its ARR guidance despite macroeconomic uncertainties, reflecting confidence in its business model and growth trajectory [55][56] - The company is focused on maintaining profitability during its transition, with better-than-expected margins from its SaaS model [51][52] Conclusion - Varonis Systems is well-positioned to capitalize on the growing demand for data security solutions, particularly as organizations increasingly prioritize data protection in the face of evolving threats and the adoption of AI technologies [9][10][21]

Recent earnings show that the buy now, pay later (BNPL) business model is growing rapidly. One of the most established players in the payments space with BNPL offerings is PayPal NASDAQ: PYPL. The company mentioned in its latest earnings call that payment volume through its BNPL product grew by 20% in Q1. PayPal is putting a significant amount of effort into this area of growth because BNPL customers are particularly active. The company notes that these users spend 33% more on average and conduct 17% more t ...

以下文章来源于追风交易台 ，作者追风交易台 追风交易台 . 全球宏观研究、交易、配置，你不能错过 在全球去美元化言论甚嚣尘上的背景下，稳定币可能成为美元霸权的意外救星。 美元稳定币正以惊人速度扩张其在跨境支付、国际贸易和个人金融中的影响力，以致于伦敦政治经济学院一位教授最近在一场演讲中提出警告： 美元计价的稳 定币正在欧洲蔓延，这可能对欧元区经济主权构成严重威胁。 而据追风交易台消息，德意志银行最新的研究报告显示，稳定币正以惊人速度进入主流支付系统，交易量已突破28万亿美元，超过Visa和Mastercard。传统支 付巨头也开始接受这一趋势——Visa最近宣布与稳定币公司Bridge合作，启用跨境支付与拉丁美洲的联系，并投资于初创公司BVNK，进一步发展其稳定币支 付能力。 而稳定币不仅仅是金融工具，它们正迅速成为战略资产，有83%与美元挂钩，Tether位列美国国债的最大持有者之一， 这一系列趋势不仅代表新的资产类别崛 起，更暗示了美元霸权通过数字化方式的巩固与扩张。 欧洲的忧虑：美元稳定币入侵欧元区 稳定币是一种通过与美元或欧元等现有货币挂钩来维持稳定价值的加密货币。目前，全球流通的稳定币价值超过200 ...

Core Viewpoint - RYVYL Inc. has ceased discussions regarding the restructuring of the pre-funded asset sale of its RYVYL EU subsidiary, indicating that the buyer is expected to finalize the sale soon [1] Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for international markets [2] - The company was founded in 2017 as GreenBox POS and has developed a suite of turnkey financial products that emphasize security, data privacy, and rapid settlement [2] - RYVYL's platform is capable of logging large volumes of immutable transactional records at internet speed for various partners, merchants, and consumers globally [2]

Financial Data and Key Metrics Changes - The total payment volume (TPV) reached $8 billion, reflecting a 53% year-over-year growth and a 5% quarter-over-quarter increase [6][17] - Revenue hit a record high of $217 million, up 18% year-over-year and 36% in constant currency [19] - Gross profit also reached a record level of $85 million, up 35% year-over-year or nearly 60% in constant currency [20] - Net income for the quarter was $47 million, representing a 57% quarter-over-quarter increase and a 163% year-over-year increase [25] - Free cash flow amounted to $40 million, up from $33 million in the previous quarter, indicating a 22% increase [26] Business Line Data and Key Metrics Changes - Cross-border flows grew 14% quarter-over-quarter and 76% year-over-year, reaching $4 billion for the first time [17] - Local to local TPV decreased by 3% quarter-over-quarter but increased by 33% year-over-year [18] - The pay-ins business grew 2% quarter-over-quarter and 49% year-over-year, while the payouts business grew 12% quarter-over-quarter and 61% year-over-year [18] Market Data and Key Metrics Changes - The company experienced strong growth in emerging markets, particularly in Chile, Pakistan, Nigeria, Turkey, and Brazil [6][7] - Geographic diversification contributed to sustained growth momentum, even amid challenges in specific markets [20] Company Strategy and Development Direction - The company is focused on strategic investments in technology and operations to enhance efficiency and service quality [5][10] - There is a commitment to leveraging automation and AI to drive operational efficiency and optimize performance [10][11] - The company aims to expand its licensed portfolio to navigate complex regulatory environments, adding three new registrations in the first quarter [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of emerging markets, driven by demographic and technological shifts [31][32] - The company anticipates continued demand for localized payment solutions as emerging markets gain prominence [33] - Management reaffirmed full-year guidance and commitment to disciplined execution for sustainable growth [34] Other Important Information - The Board of Directors approved a dividend policy, with an extraordinary cash dividend of approximately $150 million [27][28] - The company plans to return 30% of free cash flow to shareholders annually, with the first dividend payable in 2026 [28] Q&A Session Summary Question: Growth in Argentina and Mexico - Management indicated that growth in Argentina appears sustainable due to increased interest from global merchants, while Mexico requires better execution to reignite growth [36][39] Question: Operating Expenses and Take Rates - Operating expenses grew 3% in the quarter, with management noting a focus on responsible spending [46][48] - The decline in take rates was attributed to a mix shift away from a high take rate merchant in the advertising sector [49][50] Question: Performance in Other LATAM Markets - Strong performance in Other LATAM was driven by TPV growth in frontier markets, particularly in Chile [53][56] Question: Brazil's Revenue and Gross Profit Dynamics - Brazil's revenue and gross profit faced challenges due to a repricing from a major merchant and migration to a lower take rate product [62][65] Question: Capital Allocation and M&A Strategy - The company is exploring M&A opportunities to enhance its capabilities and is confident in its asset-light business model [87][70] Question: Trends in April and May - Management noted that trends in April and May have remained within expectations, with no significant signs of slowdown [93][94]

Financial Data and Key Metrics Changes - Total Payment Volume (TPV) reached $8 billion, reflecting a 53% year-over-year growth and a 5% quarter-over-quarter increase, with a constant currency growth of 72% [6][17]. - Revenue hit a record high of $217 million, up 18% year-over-year and 36% in constant currency [19]. - Gross profit reached $85 million, representing a 35% year-over-year increase or nearly 60% in constant currency [20]. - Net income for the quarter was $47 million, up 57% quarter-over-quarter and 163% year-over-year [25]. - Free cash flow amounted to $40 million, a 22% increase from the previous quarter [26]. Business Line Data and Key Metrics Changes - Cross-border flows grew 14% quarter-over-quarter and 76% year-over-year, reaching $4 billion [17]. - Local to local TPV decreased by 3% quarter-over-quarter but increased by 33% year-over-year [18]. - Pay-ins business grew 2% quarter-over-quarter and 49% year-over-year, while payouts business grew 12% quarter-over-quarter and 61% year-over-year [18]. Market Data and Key Metrics Changes - Strong growth was noted in emerging markets, particularly in Chile, Pakistan, Nigeria, Turkey, and Brazil [7]. - The company experienced robust growth across multiple verticals, including remittances, commerce, financial services, and streaming [7]. Company Strategy and Development Direction - The company is focused on strategic investments in technology and operations to enhance efficiency and expand service offerings [6][11]. - There is a commitment to leveraging automation and AI to drive operational efficiency and optimize performance [10][11]. - The company aims to grow its licensed portfolio to navigate complex regulatory environments, adding three new registrations in the first quarter [13]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of emerging markets despite short-term macroeconomic headwinds [30][32]. - The company anticipates continued demand for localized payment solutions as emerging markets gain prominence [33]. - Management reaffirmed full-year guidance and commitment to disciplined execution for sustainable growth [34]. Other Important Information - The Board of Directors approved a dividend policy, with an extraordinary cash dividend of approximately $150 million [27][28]. - The company plans to return 30% of free cash flow as annual dividends starting in 2026 [28]. Q&A Session Summary Question: Growth in Argentina and Mexico - Management indicated that growth in Argentina appears sustainable due to increased interest from global merchants, while Mexico requires better execution to reignite growth [38]. Question: Take Rates in Argentina - The higher take rates in Argentina are considered sustainable due to the nature of the products offered, which include receivables discounting [42]. Question: Operating Expenses - Operating expenses are expected to increase in subsequent quarters, but management emphasized a focus on responsible spending [48][91]. Question: Brazil's Revenue and Gross Profit - Brazil's revenue and gross profit have been impacted by a repricing from a major merchant and a migration to a lower take rate product, but management sees potential for recovery [66][68]. Question: Competition and Market Dynamics - Management acknowledged that share losses in Mexico and Brazil could be attributed to competitive dynamics but expressed confidence in regaining market share through improved execution [78][83]. Question: M&A Opportunities - The company is actively exploring M&A opportunities, particularly in the fintech space, to enhance its capabilities and market position [88].

Forward-looking statements This presentation may contain forward-looking statements. These forward-looking statements convey dLocal's current expectations or forecasts of future events, including guidance in respect of total payment volume, revenue, gross profit and Adjusted EBITDA. Forward-looking statements regarding dLocal and amounts stated as guidance involve known and unknown risks, uncertainties and other factors that may cause dLocal's actual results, performance or achievements to be materially dif ...

Record highs across key financial and operational metrics.TPV milestone of US$8 billion, +53% YoY and +5% QoQ. In constant currency, TPV increased +72% YoY.Revenue and gross profit record highs of US$217 million and US$85 million. Continued geographic diversification.Adjusted EBITDA of US$58 million, with Adjusted EBITDA/Gross Profit at 68%, demonstrating our ability to scale efficiently.Strong cash flow, with free cash flow to net income conversion at 85%, reinforcing cash generating financial model. MONTE ...