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🚨BREAKING: MULTI-TRILLION-DOLLAR PAYROLL INDUSTRY GOES ONCHAIN VIA CANTONAccording to an official press release from @CantonNetwork $CC, the network has played host to the first ever private payroll transaction.The major milestone was facilitated by @cantor8 and its @C8Wallet, alongside @usetoku (an enterprise-grade application layer for global payroll)."This is the kind of real, everyday financial activity that shows blockchain can be integrated into core operational workflows without exposing sensitive da ...

Core Viewpoint - Alkami Technology, Inc. is set to announce its financial results for the fourth quarter of 2025 on February 25, 2026, after market close, indicating ongoing transparency and engagement with investors [1]. Group 1: Financial Results Announcement - Alkami will report its fourth quarter financial results for the period ending December 31, 2025 [1]. - A conference call is scheduled for 5:00 p.m. ET on the same day to discuss these results with investors [1]. - The event will be accessible via a live webcast on the Alkami investor relations website, with dial-in options available for both domestic and international participants [1]. Group 2: Company Overview - Alkami provides a digital sales and service platform tailored for U.S. banks and credit unions, integrating various solutions such as onboarding, digital banking, and marketing [1]. - The platform is designed to help financial institutions onboard, engage, and grow customer relationships, aligning with the trend towards Anticipatory Banking [1].

Core Viewpoint - Addentax Group Corp. has entered into a memorandum of understanding for a potential strategic investment of US$200 million with Middle Eastern royal-backed institutional investors to support its AI and cryptocurrency initiatives [1] Group 1: Investment Details - The investment is structured as two separate MOUs, each investor intending to invest up to US$100 million by acquiring newly issued shares at a fixed price of US$1.50 per share [1] - The company and investors aim to negotiate definitive agreements within six months, which will include a share subscription agreement and related corporate approvals [1] Group 2: Strategic Collaboration - Discussions are ongoing regarding a potential strategic collaboration to advance the company's initiatives in AI and cryptocurrency financial services [1] - The collaboration aims to leverage Addentax's technological expertise and market presence, particularly in Hong Kong, alongside the investors' industry resources and regulatory insights [1] Group 3: Growth Potential - If the investment is finalized, it is expected to strengthen Addentax's balance sheet and provide capital for scaling AI-driven financial technology platforms and expanding compliant cryptocurrency services [1] - The proposed investment reflects the investors' interest in Addentax's business model and long-term growth strategy [1]

Core Insights - Nasdaq has launched the Nasdaq Private Capital™ Indexes, a new suite of benchmarks aimed at enhancing transparency and robustness in private markets [2][3] - The indexes are designed to assist institutional investors and consultants in benchmarking performance and navigating private capital markets effectively [2][4] Group 1: Product Features - The Nasdaq Private Capital™ Indexes are constructed from over 14,000 institutional private market funds, representing more than $11.4 trillion in global assets under management (AUM) [4] - The indexes utilize a documented, rules-based methodology that includes Modified Dietz quarterly performance measurement and NAV-weighted aggregation [4][5] - The suite covers various private capital strategies, including private equity, buyout, venture capital, private debt, fund of funds, and real estate [4] Group 2: Market Context - The private markets are experiencing rapid growth and increasing complexity, yet they remain fragmented with inconsistent benchmarks and limited interoperability [4][6] - As allocations to private markets increase, there is a growing demand for greater transparency and stronger operational infrastructure from institutions [6] Group 3: Delivery and Integration - The Nasdaq Private Capital™ Indexes will be delivered through Nasdaq eVestment TopQ+, Nasdaq Global Index Watch (GIW), and other data licensing channels [5] - The indexes aim to provide objective, rules-based benchmarks that enhance risk and return reporting capabilities and facilitate data management and system integration [5]

Core Insights - Altruist has launched an AI-powered tax planning feature within its Hazel platform, allowing advisors to create personalized tax strategies by analyzing various financial documents [1][3] - The new feature is available to all advisory firms, regardless of custody arrangements, and is part of a series of expanded planning solutions for the platform [2] - Hazel's tax planning capability automates the conversion of completed client tax returns into client-ready strategies, utilizing Altruist's proprietary tax logic [3] Feature Details - The tax planning tool enables interactive scenario modeling, allowing advisors to explore various "what-if" scenarios with real-time projected tax outcomes [5] - Advisors can export reports generated by Hazel or present findings live to clients, enhancing client engagement [6] - The platform operates under strict zero-data-retention agreements, ensuring customer data is not retained or used for AI model training [6] Market Context - Tax planning is identified as a critical area for advisors to enhance client outcomes, though it is often time-consuming and mentally taxing, especially during tax season [7] - Altruist previously introduced real-time account data access to advisors, further enhancing the platform's capabilities [7]

© 2026 Fiserv, Inc. or its affiliates Fourth Quarter 2025 Financial Results February 10, 2026 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated adjusted and organic revenue growth, adjusted earnings per share, capital expenditures, free cash flow, free cash flow conversion, adjusted operating margin, a ...

Core Insights - The digital wave is reshaping the underlying logic of the financial industry, with fintech evolving from an "innovation option" to a "strategic cornerstone" of national financial competitiveness [1] - The People's Bank of China and eight other departments have issued a joint document to prevent and manage risks related to virtual currencies and the tokenization of real-world assets [1] - There is a need to focus on the positive empowerment of fintech to build a solid digital foundation for the construction of a strong financial nation [1] Group 1: Fintech Empowerment - Fintech provides four core empowering values: enhancing resource allocation through big data and AI, improving risk control with blockchain and privacy computing, and increasing international discourse power by leading technological innovation [3] - Shanghai's international financial center is positioned as an "innovation engine," with breakthroughs in fintech leading to significant advancements in financial services and infrastructure [3][4] Group 2: RMB Internationalization - Fintech has established efficient channels for the cross-border flow of the RMB, with digital RMB pilot programs covering 23 countries and regions, achieving a transaction scale exceeding 80 billion yuan and a settlement efficiency improvement of over 40% [4] - Innovative cross-border value transmission tools are being explored to provide a secure and reliable digital carrier for the offshore RMB market [4] Group 3: High-Quality Economic Development - Fintech injects "digital blood" into the capillaries of the real economy, with loans to tech SMEs expected to maintain rapid growth by Q3 2025 [4] - The "Silver Enterprise Data Direct Connection" platform in Shanghai has enabled over 10,000 enterprises to achieve "second-level credit approval," supporting green financing exceeding 30 billion yuan [4] Group 4: Offshore Financial Services - Fintech is reshaping offshore financial service paradigms, achieving real-time settlement of cross-border fund transfers and significantly shortening due diligence cycles through AI [6] - A collaborative ecosystem is being built around Shanghai's fintech cloud platform, connecting offshore financial institutions, multinational corporations, and regulatory bodies [6] Group 5: Digital Currency Integration - Blockchain technology ensures the immutability and traceability of digital currency transactions, while AI and big data enhance risk identification and interception [8] - The digital currency application environment is being optimized through collaboration among over 200 participants, with a focus on regulatory technology to ensure compliance [9] Group 6: Challenges and Pathways - The financial industry faces challenges such as the perception of fintech as a simple tool, low utilization rates of some products, and reliance on core algorithms and hardware [11] - Eight pathways to high-quality development include promoting technological innovation, enhancing international rule alignment, and establishing a robust risk control system [12][13]

Core Insights - Fiserv, Inc. reported a GAAP revenue growth of 1% in Q4 2025, totaling $5.28 billion, and a full-year revenue increase of 4% to $21.19 billion [2] - The company experienced an 8% decrease in GAAP EPS for Q4 2025, with a full-year increase of 18% [2] - Organic revenue remained flat in Q4 2025 but increased by 4% for the full year [4] - Adjusted EPS decreased by 21% in Q4 2025, while it decreased by 2% for the full year [4] - Fiserv anticipates organic revenue growth of 1% to 3% and adjusted EPS of $8.00 to $8.30 for 2026 [5] Financial Performance - GAAP operating margin was 24.4% in Q4 2025 and 27.5% for the full year, down from 31.8% and 28.7% in the previous year [3] - The Merchant Solutions segment saw a 2% revenue growth in Q4 2025, while the Financial Solutions segment experienced a 2% decline [2] - Adjusted operating margin was 34.9% in Q4 2025 and 37.4% for the full year, compared to 42.9% and 39.4% in the previous year [4] Cash Flow and Share Repurchase - Net cash provided by operating activities was $6.06 billion for the full year 2025, down from $6.63 billion in 2024 [3] - The company repurchased 3.1 million shares for $200 million in Q4 2025 and 32.2 million shares for $5.6 billion throughout the year [4] Strategic Developments - Fiserv completed the acquisition of StoneCastle Cash Management in December 2025, enhancing its deposit funding capabilities [4] - The company executed the "One Fiserv" plan during Q4 2025, achieving several milestones and client wins [4] Segment Performance - Merchant Solutions revenue was $2.54 billion in Q4 2025, with an operating margin of 32.1%, while Financial Solutions revenue was $2.36 billion with an operating margin of 42.2% [24] - For the full year, Merchant Solutions revenue reached $10.14 billion, and Financial Solutions revenue was $9.66 billion [24]

Core Viewpoint - Pagaya Technologies Ltd. (NASDAQ:PGY) has received an "Overweight" rating from Stephens, with a revised price target of $25, down from $33, despite a significant drop in stock price [1][6]. Financial Performance - Pagaya reported total revenue and other income of $335 million for the latest quarter, representing a 20% year-over-year increase, but this was below analysts' expectations of nearly $349 million [2]. - The company's non-GAAP net income surged nearly sixfold to approximately $78.8 million, or $0.80 per share, significantly exceeding the consensus estimate of $0.35 per share [4][6]. Stock Performance - The stock price of PGY is currently $14.19, reflecting a decrease of $4.45 or approximately 23.87% [5]. - During the trading day, PGY fluctuated between a low of $13.50 and a high of $15.29, with a market capitalization of approximately $1.14 billion and a trading volume of 23,772,868 shares on NASDAQ [5]. Network Volume - Pagaya's network volume saw a modest increase of 3%, reaching $2.7 billion, which, combined with the revenue shortfall, raised investor concerns [3].