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AccessFintech Appoints Sarah Shenton Chief Executive Officer
Longtime board member and capital markets leader to guide company's next phase of product innovation and global growth NEW YORK, July 28, 2025 /PRNewswire/ -- AccessFintech, the data network driving capital optimization and greater operational capacity, today announced the appointment of Sarah Shenton as Chief Executive Officer, effective immediately. This strategic leadership change marks a significant step for the company as it positions itself for its next phase of growth. Shenton brings over 20 years of experience in operations, engineering and strategic investing to AccessFintech. Most recently, she led the Value Accelerator at Goldman Sachs' alternative assets business, where she collaborated with leadership teams at high-growth companies to drive scale, operational efficiency and commercial success. A long-time advocate for AccessFintech, Shenton led Goldman Sachs' Series A investment in the company and served as a Board Director from 2018 to 2025. She succeeds John Shay, who has effectively led the company as Interim CEO. John will remain part of the firm as Special Advisor to the CEO, ensuring a seamless transition and offering continued support and industry expertise to the leadership team. "Sarah brings a rare combination of operational depth, technical insight and strategic vision to the CEO role," said John Shay. "Her deep knowledge of our company and industry, alongside her commitment to our mission, will be invaluable as we embark on our next growth phase." "I am honored to take on the role of CEO," said Sarah Shenton. "We've created a strong foundation and an ecosystem that matters, and now is the time to build on this success and deliver exceptional value to clients. As technology continues to transform markets, I look forward to working with our amazing team to seize the exciting opportunities ahead." Shenton's appointment follows a unanimous decision by the Board, built on years of close collaboration during her tenure as a Director since 2018. "Sarah's deep market expertise and long-standing commitment to AccessFintech's vision make her exceptionally well-suited to guide the organization into its next chapter of growth," said Kevin Marcus, Partner at WestCap, on behalf of the AccessFintech Board. "We are also deeply grateful to John Shay for his steady leadership as Interim CEO and are pleased he will continue to play an active role on the team as an Advisor." AccessFintech has built a powerful data and workflow platform —the Synergy Network— that connects and distributes 75+ distinct data sets across 250+ leading financial institutions, enabling real-time collaboration and execution management across the post-trade lifecycle. Under Shenton's leadership, the company will continue to strengthen its role as a critical player in capital markets infrastructure and advance its mission to improve financial operations for clients. About AccessFintechAccessFintech enables improved data sharing and workflow collaboration to evolve the financial industry's operating model. At its core is the AccessFintech Synergy Network, a modern and secure collaboration network that allows for resolution and decision-making in one place. It facilitates data collaboration at scale and provides more visibility into transaction data and access to benchmarking insights. Synergy's workflow optimization speeds and simplifies transactions through digital automation, mutualizes risk and allows for better, more enlightened decision-making across organizations and functions. It also offers broad technology distribution that provides industry-wide connectivity to new technologies, reducing the cost of ownership for all. The Synergy Network has built a critical mass of data, participants and solutions with leading financial institutions and processes over a billion transactions every month. For more information, please visit or follow us on LinkedIn or X. Media Contactmarketing@ View original content to download multimedia: SOURCE AccessFintech Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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VW's Audi cuts full-year outlook, citing tariffs and restructuring
(Reuters) -Volkswagen's premium brand Audi on Monday cut its its full-year guidance, citing the impact of higher U.S. import tariffs and restructuring expenses. The company now expects revenue between 65 billion euros ($76 billion) and 70 billion euros, down from a previous range of 67.5 billion to 72.5 billion, and an operating margin between 5 and 7%, down from a previous range of 7 to 9%. Audi said it is still assessing the implications of the recently concluded tariff agreement between Washington and the European Union. ($1 = 0.8535 euros)
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Seacoast Banking Corp of Florida (SBCF) Q2 2025 Earnings Call Highlights: Strong Net Income ...
Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Seacoast Banking Corp of Florida (NASDAQ:SBCF) reported a substantial 36% increase in net income from the prior quarter, driven by a 10 basis point expansion in net interest margin. The company achieved a solid annualized loan growth of 6.4%, supported by a strong commercial pipeline and successful recruitment of top talent. Asset quality remains sound with non-performing loans declining to 0.61% of total loans and net charge-offs at just $2.5 million. The acquisition of Heartland Bank shares was successfully closed, and the company is on track to close the Villages Bank Corporation acquisition, which is expected to enhance profitability. Seacoast Banking Corp of Florida (NASDAQ:SBCF) maintained a strong capital position with a tier one capital ratio of 14.6% and a tangible common equity to tangible assets ratio of 9.75%. Negative Points The competitive landscape in Florida is becoming increasingly challenging, particularly in the commercial real estate sector. Deposit costs, although managed down, remain a focus area, with the need to balance growth and rate management. The company faces uncertainty due to potential economic and fiscal policy decisions impacting borrowers. There is pressure on loan pricing and structure, with increased competition leading to spread compression and longer interest-only periods demanded by sponsors. The impact of tariffs and potential rate cuts by the Federal Reserve add uncertainty to future financial performance. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with BOM:500183. Q: Can you discuss the drivers behind the recent growth trends and the competitive landscape in Florida? A: Chuck Schaffer, Chairman and CEO, explained that growth is driven by successful recruitment of top talent and strong economic conditions in Florida. The competitive landscape is intense, with large banks re-entering the commercial real estate space, but Seacoast continues to perform well by carefully selecting opportunities. Q: How do you view funding costs and opportunities for core deposit growth, especially with the Heartland and Villages deals? A: Michael Young, Treasurer, noted that proactive management has reduced deposit costs. The focus is on growing core operating accounts and leveraging banker relationships to bring in full customer relationships. Seasonal trends should also support deposit growth in the second half of the year. Q: With the two acquisitions and potential Fed rate cuts, how do you plan to optimize the balance sheet? A: Michael Young highlighted that the acquisitions provide valuable deposit franchises, allowing for balance sheet optimization and margin expansion. The focus will be on managing interest rate risk and leveraging banker hires for loan growth, aiming for a loan-to-deposit ratio of 80-85%. Q: How do you anticipate deposit betas evolving with potential rate cuts? A: Michael Young stated that Seacoast was aggressive with deposit betas during rate hikes to protect liquidity and plans to be similarly aggressive in reducing them as rates decline. The expectation is to return to more normalized betas with future Fed cuts. Q: What is your outlook on credit quality and charge-offs? A: Chuck Schaffer and Michael Young both emphasized that credit quality remains stable, with no signs of deterioration. The expectation is for charge-offs to stabilize at mid-cycle levels of 20-25 basis points, following the liquidation of a consumer fintech portfolio that previously impacted charge-offs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
