NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Aether Holdings, Inc. (Nasdaq: ATHR) (“we,” “us,” “our,” “Aether,” or the “Company”), an emerging financial technology holding company offering software, data, and artificial intelligence technology to institutional and self-directed investors, today announced that it has commenced an underwritten public offering of units, with expected gross proceeds of approximately $40 million, before deducting underwriting discounts, commissions, and offering expenses. Aether ...

Core Insights - Intuit Inc. is significantly enhancing its focus on artificial intelligence (AI) to revolutionize financial management for individuals and businesses, utilizing its proprietary AI operating system, GenOS [1][5] AI Integration and Innovations - The introduction of AI agents aims to assist businesses in growth with reduced effort and increased precision, particularly in payments, customer management, and accounting, leading to a "done-for-you" model that simplifies processes and enhances efficiency [2] - AI-generated invoice reminders are now used by nearly 25% of invoicing customers, resulting in over 10% higher payment conversion rates on overdue invoices [2] - TurboTax has leveraged AI to reduce average filing time by 12%, with over half of users completing their returns in under an hour, while experts have seen a 20% reduction in return preparation time due to AI tools [3] Financial Performance - QuickBooks Online revenues increased by 21% in Q3 FY25, driven by pricing strategies, product mix shifts, and AI-powered innovations [4][9] - Intuit's data ecosystem, with over 100 million users, generates 60 billion machine learning predictions daily, facilitating rapid development and real-time insights [5] Market Position and Valuation - Intuit's shares have appreciated by 20.2% year to date, outperforming the broader industry and the S&P 500 Index [8] - Despite strong performance, Intuit's shares are considered expensive, with a forward Price/Sales ratio of 10.10X, above the industry average of 8.86X [11] - The Zacks Consensus Estimate indicates an 18.42% year-over-year growth for fiscal 2025 EPS and a 13.7% growth for fiscal 2026 EPS, reflecting a positive trend in estimate revisions [12]

Morgan Stanley is reviving an effort to refinance roughly $4 billion of private loans for financial software firm Finastra Group Holdings, according to people familiar with the transaction https://t.co/onXQVAjCfD ...

Core Insights - Abaxx Technologies Inc. has launched a physically-deliverable Gold Kilobar Futures contract and a new gold trading platform, Abaxx Spot, in Singapore, aiming to enhance market infrastructure for precious metals [1][2][3] Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Commodity Futures Exchange and Clearinghouse [1][10] - The company focuses on building smarter markets through better tools, benchmarks, and technology to address societal challenges, including the energy transition [10] Product Launch - The Gold Kilobar Futures contract is USD-denominated, physically deliverable, and sized to 1-kilogram, 9999-purity bars, catering to Asia's bullion trade [3][6] - Abaxx Spot provides a secure platform for the transfer of physically-allocated gold, allowing registered participants to maintain title to an undivided interest in the gold held in appointed vaults [5][7] Market Impact - This launch represents the first co-located spot and futures infrastructure for gold, designed to reduce fragmentation in global gold markets and align trading practices with actual market operations [2][6] - The integrated infrastructure aims to address structural inefficiencies that separate global benchmarks from physical trade, with pricing traditionally anchored in New York and London [8][12] Trading Operations - Trading on the Abaxx Gold Singapore Futures contract is available 14 hours per day, Monday through Friday, providing a regionally anchored benchmark for price discovery and risk management [4][3] - The platform is designed for physical market participants, including bullion dealers and refiners, offering global access to kilobar gold trading without the complexities of traditional OTC markets [7][8]

Core Insights - Credissential Inc. is transforming its CoinCMPLY platform into a B2B crypto tax preparation solution and is seeking Certified Public Accountants (CPAs) for product development feedback [1][2][3] Group 1: CPA Initiative - The CPA recruitment initiative is part of Credissential's strategic vision to create a diversified financial technology ecosystem addressing market gaps through its software platforms [2] - The company is looking for both cryptocurrency-experienced and traditional CPAs to provide early feedback on the quantum-secured SaaS platform designed for accounting firms [2][3] - This initiative aims to build a platform that addresses real-world accounting challenges as cryptocurrency adoption grows in North America [3][4] Group 2: Leadership Changes - Mr. George Nguyen has been appointed to the board of directors, bringing extensive experience in cloud migration and digital scalability [5][6] - Mr. Nguyen has been granted 100,000 Restricted Share Units (RSUs) as part of his appointment, subject to a standard hold period [7] - Mr. Sebastian Lowes has resigned as General Counsel and director of the company, with the company expressing gratitude for his service [8] Group 3: Company Overview - Credissential is an AI-powered financial services software developer focused on the development and commercialization of products like Credissential Dealerflow, Antenna, and CoinCMPLY [9] - The company aims to address critical friction points in financial transactions, enabling efficient, secure, and compliant value transfer for businesses and individuals [9]

Financial Data and Key Metrics Changes - The payments segment constitutes 37% of total revenue, with core and complementary segments each making up roughly one-third of total revenue [7][21] - The company reported a growth rate of approximately 10% in its key revenue, which accounts for 76% of overall revenue [28][29] - The company is targeting a headcount increase of less than 1.5% while maintaining a growth rate of 6-7% [97][100] Business Line Data and Key Metrics Changes - The payments business, which includes card services, is performing well, with card transactions making up 60% of the payments segment [19][72] - The pay center business, which focuses on real-time payments, is growing the fastest among the payment services [73] - The bill pay and remote deposit capture businesses are experiencing steady growth in the mid to lower single digits [74] Market Data and Key Metrics Changes - The company has about 40% of all real-time payment customers live in the market, indicating a strong position in the fast-growing payments sector [73] - Consumer confidence is waning, impacting debit transactions, which make up 90% of the card business [20] Company Strategy and Development Direction - The company is focusing on the SMB market, aiming to provide solutions that enhance deposit growth and customer retention [63][64] - A tech modernization strategy is in place, with a goal to transition clients from on-premise to private and public cloud solutions [41][50] - The company is rationalizing its product offerings, aiming to streamline operations and improve efficiency [102] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic challenges affecting consulting and hardware sales, leading to a slowdown in non-key revenue [11][12] - The company is optimistic about its core business growth and competitive wins, particularly in larger institutions [29][90] - Regulatory changes are expected to facilitate faster acquisition approvals, which could positively impact the market environment [92] Other Important Information - The company has a strong succession planning process, which has facilitated a smooth transition in leadership [8] - The company is ahead of schedule in delivering a full deposit-only core in the public cloud, expected to be available by next year [44][51] Q&A Session Summary Question: How is the macro environment affecting the business? - Management indicated that macro challenges have led to a pullback in consulting services and hardware sales, impacting non-key revenue [11][12] Question: What is the outlook for core business growth? - The core business is expected to continue growing at close to 10%, with a strong pipeline of competitive wins [28][29] Question: How does the company plan to address the SMB market? - The company is developing solutions that provide instantaneous approval and multiple settlement windows to enhance SMB offerings [63][66] Question: What is the strategy for transitioning to cloud services? - The company is focused on moving clients to private and public cloud solutions, with expected revenue lifts from these transitions [41][45] Question: How is the company managing costs in a slower environment? - The company is implementing business process automation and maintaining a cautious approach to headcount growth to manage costs effectively [97][100]

As digital content reshapes the media landscape, traditional publishers face increasing pressure to adapt. The New York Times Company (NYT) has met this challenge head-on, placing digital subscriptions at the core of its growth strategy. By emphasizing high-quality journalism, personalized content and strategic pricing, the company has broadened its subscriber base. NYT has also expanded its digital portfolio beyond news, incorporating popular offerings like cooking, games and lifestyle features — all of wh ...

Core Insights - Abaxx Technologies Inc. has announced that its subsidiary, Abaxx Singapore, has achieved ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS), confirming compliance with international standards for data security and operational resilience [1][2][3] Group 1: Certification Details - The certification was awarded by Prescient Security, an independent global cybersecurity firm, and is recognized as the global standard for information security management systems [2] - The certification process involved a comprehensive audit of Abaxx Singapore's IT systems, risk management protocols, and governance controls, confirming alignment with global best practices [3] Group 2: Company Statements - Nancy Seah, CEO of Abaxx Exchange, stated that achieving this certification demonstrates the company's commitment to high global standards for information security, providing assurance to market participants regarding the security of trade execution and data protection [4] Group 3: Company Overview - Abaxx Technologies is focused on building Smarter Markets through better tools and technology, addressing significant societal challenges such as the energy transition [5] - The company is the majority shareholder of Abaxx Singapore, which owns the Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [6] - Abaxx Exchange aims to support the transition to a low-carbon economy by providing market infrastructure for futures contracts in LNG, carbon, battery materials, and precious metals [7]

TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced the successful first delivery under a carbon futures contract on Abaxx Exchange. The delivery, involving 50 lots of ...

First Quarter 2025 Earnings Call May 6, 2025 Speakers First Quarter Highlights 1 Stephanie Ferris Chief Executive Officer and President Financial Results & Outlook 2 James Kehoe Chief Financial Officer 2 Disclosures Forward-looking Statements Our discussions today, including this presentation and any comments made by management, contain "forward-looking statements" within the meaning of the U.S. federal securities laws. Any statements that refer to future events or circumstances, including our future strate ...