Latest news with #Fintech
Yahoo
10 hours ago
- Business
- Yahoo
The Bancorp maintains FY25 EPS guidance of $5.25, consensus $5.34
'The Bancorp (TBBK) had another quarter of Fintech growth and momentum,' said Damian Kozlowski, CEO of The Bancorp, on July 24 in conjunction with Q2 results. 'We continue to have significant relationship and product expansion that we believe will drive future growth. We are continuing to maintain our guidance of $5.25 earnings per share for 2025. We are also announcing Project 7. We are targeting at least a $7 earnings per share run-rate by the fourth quarter of 2026. We plan to accomplish this goal through Fintech revenue growth, buybacks of shares, and efficiency and productivity gains by reallocating or reducing resources where appropriate.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on TBBK: Disclaimer & DisclosureReport an Issue The Bancorp, Inc. Reports Strong Q2 2025 Earnings Bancorp Reports Strong Q2 2025 Financial Performance The Bancorp reports Q2 EPS $1.27, consensus $1.27 The Bancorp maintains FY25 EPS guidance of $5.25, consensus $5.25 TBBK Earnings Report this Week: Is It a Buy, Ahead of Earnings? 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
Entrepreneur
14 hours ago
- Business
- Entrepreneur
Navi Technologies Secures INR 170 Cr in Debt Funding
PhillipCapital contributed INR 120 crore, while NDX Finserve, Aarpee Group, Ambit Finvest, and Grey Grass India Pvt Ltd invested INR 10 crore each. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fintech unicorn Navi Technologies has raised INR 170 crore (approx. USD 20 million) through a debt funding round led by PhillipCapital, with participation from NDX Finserve, Aarpee Group, Ambit Finvest, and others. According to regulatory filings with the Registrar of Companies, Navi Finserve allotted 1,700 non-convertible debentures at a face value of INR 10,00,000 each to secure the funds. PhillipCapital contributed INR 120 crore, while NDX Finserve, Aarpee Group, Ambit Finvest, and Grey Grass India Pvt Ltd invested INR 10 crore each. Additional contributions came from RaviDyewear, Siddharth Colorchem, and Nahar Capital. Founded in 2018 by Sachin Bansal and Ankit Agarwal, Navi operates a technology-led financial services platform offering personal and home loans via Navi Finserv, an RBI-registered non-banking financial company. Its portfolio also includes mutual funds, health insurance, and UPI-based payment services through Navi UPI. Earlier this year, Navi appointed Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv. Bansal transitioned to Executive Chairman of Navi Group, focusing on long-term strategy. For the financial year ending March 2024, Navi reported a 37 percent rise in revenue from operations to INR 2,290 crore, compared to INR 1,667 crore in FY23. Profits surged nearly 17 times to INR 358.5 crore during the same period. As of June 2025, Navi ranked fourth among UPI applications, facilitating 406 million transactions with a total value of INR 21,815 crore, underscoring its growing presence in the digital payments ecosystem.
Zawya
16 hours ago
- Business
- Zawya
AvaTrade reveals the growing demand for Islamic (Swap-Free) accounts among UAE traders
Dubai, UAE: AvaTrade, a globally regulated online trading platform with a user base of over 8.5 million registered traders worldwide, has revealed that there is an increase in demand for Islamic (Swap-Free) accounts among its UAE users. The trend reflects a strong regional preference for Sharia-compliant financial solutions and showcases the growing importance of faith-aligned investment options in today's fintech landscape. With educational content on Islamic trading principles also gaining traction, AvaTrade is doubling down on its efforts to improve financial literacy and culturally sensitive trading experiences. A trusted name in the online trading space since 2006, AvaTrade empowers investors across the globe with a secure and user-focused platform. As a multi-asset broker, AvaTrade offers access to over 1,250+ CFDs across forex, stocks, indices, commodities, crypto, and ETFs - and now also includes options, futures, and more. AvaTrade combines robust technology with a people-first approach. The platform's diverse offering includes MetaTrader 4 and 5, as well as its proprietary AvaTradeGo app, available in Arabic and tailored to meet the unique needs of traders in the UAE. Recent internal data reveals that a significant proportion of AvaTrade's UAE clients are choosing Islamic (Swap-Free) accounts, which adhere to Sharia law by avoiding interest-based transactions. This points to a rising appetite for ethical and faith-compliant investing, particularly among younger, digitally savvy traders seeking both financial opportunity and cultural alignment. The popularity of these accounts also reflects a wider shift towards inclusivity and values-based fintech experiences in the region. In parallel, AvaTrade has seen increasing engagement with its educational content focused on Islamic finance and trading practices. By offering materials that demystify Sharia-compliant investing, the platform enables users to make informed, confident decisions while navigating the complexities of global markets. AvaTrade's educational initiatives continue to build trust and transparency, which are critical to serving a culturally diverse clientele. As one of the most regulated brokers in the world, with nine licences across six continents, AvaTrade continues to listen, adapt, and innovate. For UAE-based traders looking for a secure, inclusive, and ethically attuned trading experience, AvaTrade provides the tools, support, and insight needed to succeed. Serving a global community of over 400,000 registered customers, executing more than two million trades each month, and with monthly trading volumes exceeding $70 billion, the platform continues to grow alongside both the GCC and global trading landscape. To learn more and explore Islamic (Swap-Free) accounts, visit
Yahoo
a day ago
- Business
- Yahoo
WeBank Technology Services Showcases Shenzhen-Hong Kong Cross-Boundary Data Validation Platform at Data Summit 2025
HONG KONG, July 28, 2025 /PRNewswire/ -- The Hong Kong Monetary Authority (HKMA) hosted its 2025 Data Summit on Monday, drawing more than 800 representatives from the city's various sectors. HKMA Chief Executive Eddie Yue delivered a keynote address, emphasizing the city's commitment to financial infrastructure innovation. During the Data Summit, the Shenzhen-Hong Kong Cross-Boundary Data Validation Platform (DVP), co-operated by WeBank Technology Services, was also introduced as the first cross-boundary data verification service connected to the HKMA' s Commercial Data Interchange (CDI). CDl, a key pillar of the HKMA's "Fintech 2025" strategy, aims at enhancing financial inclusion through secure and efficient data sharing. Cross-boundary data bridge built on blockchain principles Developed under the guidance of the HKMA, Shenzhen Municipal Cyberspace Administration, the Hong Kong and Macao Affairs Office of Shenzhen Municipal People's Government, Shenzhen Municipal Financial Regulatory Bureau, the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, the Shenzhen Branch of the People's Bank of China, and the Shenzhen Regulatory Bureau of National Financial Regulatory Administration, the DVP positions itself as a next-generation cross-boundary data infrastructure. The platform enables trusted validation of personal and corporate data through hash-based verification — without transferring nor storing any original data files. Powered by immutability and traceability features of blockchain technology, the platform supports data portability in compliance with regulatory requirements from both jurisdictions. The DVP collaborates with authoritative data providers in the Chinese Mainland across various sectors like finance and public services, allowing for verification of documents such as personal and corporate credit reports, bank statements, and enterprise credit information among others. The service is designed to meet growing demands for cross-boundary financial services by residents and enterprises operating between Shenzhen and Hong Kong. CDI-DVP integration to help streamline access for Hong Kong banks CDI, launched under the HKMA's Fintech 2025 blueprint, serves as a foundational financial data infrastructure that lowers the cost and complexity of data exchange between banks and commercial data providers. With the integration of DVP, Hong Kong banks can now — via a compliant, secure and efficient channel — improve risk assessment and the overall user experience of cross-boundary financial services. During the summit, Eddie Yue visited WeBank Technology Services' exhibition booth, where Huiya Yao, Head of Fintech Innovation at WeBank, shared the latest developments of the DVP. To date, the DVP has already served more than 10 business entities and is being used in various scenarios including cross-boundary credit assessment and financing. Early gains from DVP adoption At a panel session focused on cross-boundary data validation, representatives from Fusion Bank and ICBC (Asia) shared early outcomes from leveraging the DVP. Andy Li, Head of Corporate Banking at Fusion Bank, said: "Hong Kong serves as a pivotal gateway connecting the Mainland and international markets, and remains the preferred destination for Mainland enterprises going global. Fusion Bank has been committed to supporting Mainland SMEs in their overseas expansion and has approved over HKD100 million in loans for Hong Kong affiliates of GBA SMEs by leveraging the DVP for cross-boundary verification of credit information. Moving ahead, we will continue to utilize DVP to deliver more convenient financing solutions for Hong Kong affiliates of GBA enterprises, supporting the advancement of financial inclusion in the GBA." ICBC Asia's Co-Head of Data Management Youping Song revealed plans to leverage the DVP as well to verify customers' Central Bank Individual credit reports and other data types, to enhance credit status assessment work for newly arrived Hong Kong residents from the Chinese Mainland, supporting talent schemes such as the "Top Talent Pass Scheme(TTPS)" and "Quality Migrant Admission Scheme (QMAS)". Toward a Greater Bay Area data ecosystem The DVP, officially launched in May 2024, is jointly operated by the China (Qianhai) Internet Exchange (CNIX), Shenzhen Credit Service Co. Ltd and WeBank Technology Services. WeBank provides the overall architecture design and technical support of the platform. Looking ahead, Huiya Yao shared that the DVP aims to integrate more diverse data sources, deepening data connectivity across the Greater Bay Area. About WeBank Technology Services Launched in Hong Kong in June 2024, WeBank Technology Services sets out to leverage WeBank's cutting-edge fintech capabilities and digital finance best practices to deliver a variety of superior digital finance and digital infrastructure solutions to digital banks, financial institutions, government agencies, and industry partners worldwide. View original content to download multimedia: SOURCE WeBank Co. Ltd. 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Zawya
a day ago
- Business
- Zawya
Jeel and zypl.ai sign MoU to advance data-driven innovation in Saudi Arabia's digital financial services
RELATED TOPICS FINTECH RELATED COMPANIES Riyad Bank Riyad Bank Jeel Elevate Credit Riyadh, Saudi Arabia / Dubai, United Arab Emirates – Jeel, the digital Innovation arm of Riyadh Bank, and a pioneer in synthetic data generation and AI-powered risk analytics, today announced the signing of a comprehensive Memorandum of Understanding (MoU). The agreement establishes a collaborative framework to leverage next-generation data, artificial intelligence, and payment technologies that will accelerate deep integration of the digital ecosystem in the or Fintech's Kingdom's most advanced, customer-centric digital financial platform. Turning Data Into Competitive Advantage Central to the collaboration is zypl's proprietary zGAN technology—an 'outlier-aware' synthetic-data generator that creates privacy-preserving datasets able to stress-test financial models under extreme market conditions. When combined with zypl's suite of AI risk-scoring engines, zGAN will enable Jeel to: Elevate credit-decision accuracy across lending and product-personalisation workflows Accelerate model development while fully safeguarding sensitive customer information Unlock deeper behavioural insights for more intuitive, personalised customer experiences George Harrak, CEO of Jeel commented: We are dedicated to forging strategic partnerships that enhance the innovation ecosystem by integrating cutting-edge technologies from global leaders into Saudi Arabia's market, aligning with Vision 2030 financial objectives. Collaborations like this with provide access to advanced zGAN synthetic data and risk models, enhancing fraud prevention, accelerating credit scoring, and ensuring compliance. Working alongside will facilitate real-world sandbox implementations, increasing visibility within the Kingdom and shaping AI risk and compliance practices. Through this collaboration, Jeel strengthens its ambition to become the Kingdom's most advanced, AI-ready digital banking platform, while offering fintech's access to a secure, high-speed innovation environment aligned with Saudi Arabia's Vision 2030 financial sector development program. Reinforcing Payment Infrastructure With Real-Time Intelligence Beyond analytics, Jeel and zypl will launch a joint programme to embed real-time fraud-detection and credit-decisioning models directly into Jeel's payment rails and digital channels. Key objectives include: Reducing false-positive rates and operational overhead in fraud management Driving faster authorisation times and materially lowering transaction costs Extending accurate, instant credit decisions to underserved customer segments 'Our mission is to make advanced AI and synthetic data practical tools for inclusive growth,' said Azizjon Azimi, Founder and Chief Executive Officer of 'Jeel's commitment to seamless digital banking aligns perfectly with vision of resilient, ethics-first AI. Together, we will equip Jeel with the intelligence needed to protect customers and power new products that match the Kingdom's digital-economy ambitions.' About Jeel As the digital innovation arm of Riyad Bank, Jeel is dedicated to pioneering technological advancements and delivering cutting-edge solutions that shape the future of technology. With a focus on enhancing the digital experience for its customers, Jeel is at the forefront of innovation in the financial industry. Jeel Sandbox can empower FinTech's by simplifying access to banking services, enabling faster go-to-market strategies and secure integration with financial infrastructure For more information, please visit and follow Jeel on LinkedIn. About is an AI software company specialising in outlier-aware synthetic data generation (zGAN) and end-to-end machine-learning solutions for credit scoring, fraud detection, and transaction monitoring. Headquartered in Dubai with deployments in more than thirty financial institutions worldwide, enables partners to boost model resilience, protect privacy, and accelerate responsible innovation.
