South State Correspondent

OCTOBER 4, 2023

We believe that community banks should focus on the strategic loan refinancing of their most profitable customers to avoid the perils of commercial real estate (CRE) rollover risk coinciding with possible market credit stress. We believe that there is a powerful strategy that can bolster almost any community bank’s profitability.

Community Bank 195

Community Bank Community Capital Comparison 195

Payments Dive

OCTOBER 12, 2022

Restaurant payments company Toast may be on a path to profitability by the third quarter of next year, Mizuho Americas analysts predicted this week.

America 397

America Payments Company 397

Payments Dive

APRIL 21, 2023

That put a dent in their first-quarter profits. In light of rising charge-offs, the card companies on Thursday each reported adding to credit loss provisions.

Cards 273

Cards Report Company 273

Payments Dive

NOVEMBER 20, 2023

The fintech’s nearly fourfold jump in profits comes as its chief financial officer is preparing to depart after an eight-year tenure.

Fintech 221

Fintech 221

South State Correspondent

SEPTEMBER 20, 2023

Some customers are more profitable than others, and if you are out to build a more profitable bank, it pays to have a tactical plan to go after more profitable customers. The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ).

Management 195

Management Survey Industry Community Bank 195

Payments Dive

DECEMBER 7, 2022

The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

Data 284

Data Technology Payments Company 284

Accenture

OCTOBER 24, 2021

But not all neobanks will become profitable, or survive past the startup stage. The post How neobanks can balance profit and sustainability appeared first on Accenture Banking Blog. Accenture’s Global Banking Industry Outlook estimates that in 2020, 20% of all players in the banking and payments sectors were less than 15 years old.

Industry 300

Industry Marketing Payments Digital Banking 300

Chris Skinner

APRIL 12, 2020

So, I was particularly struck by this quote from Satya Nadella, CEO of … The post Will you avoid companies that put profit before people? It should also focus upon doing good for society and the planet. appeared first on Chris Skinner's blog.

Company 545

Company 545

Payments Dive

MAY 8, 2023

Green Dot expects profit margins to be squeezed in coming quarters after the exit of some clients last year.

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221

South State Correspondent

JULY 26, 2023

The yield curve impact is having a negative effect on bank profits. This strategy includes the following advantages for the bank: enhance credit quality by eliminating repricing risk, lengthen and deepen relationships, differentiate from the competition, and increase the borrower’s profitability by decreasing loan payments.

Community Bank 195

Community Bank Community Strategy Atlanta 195

Accenture

DECEMBER 9, 2020

The post Three strategies to profit from payments disruption appeared first on Accenture Banking Blog. In the previous posts in this series, we’ve detailed the trends driving this disruption, and zoomed in on the rapid change around the world and by payments instrument.

Strategy 317

Strategy Payments Trends 317

Accenture

JUNE 1, 2020

The post The future of finance is sustainable—and profitable appeared first on Accenture Banking Blog. Environmental, social and governance (ESG) considerations are at the forefront of financial decisions, supported by the Sustainable Development Goals (SDGs) and increased awareness of the climate emergency.

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Accenture

MARCH 23, 2022

The post Banks can use new business models to boost profit appeared first on Accenture Banking Blog. Should banks throw away that model and replace it with one that looks more like a fintech? Not necessarily. As we explain in our….

Fintech 221

Fintech 221

TheGuardian

APRIL 25, 2024

Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year • Business live – latest updates Profits at Barclays tumbled by 12% in the first quarter, as higher UK interest rates weighed on demand for mortgages and loans while a backdrop of economic uncertainty affected its investment bank. Continue reading.

Taxes 65

Taxes Report Lending 65

Bank Innovation

JANUARY 30, 2020

PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy.

Strategy 221

Strategy Tools Report Payments 221

Perficient

FEBRUARY 16, 2021

On January 20 th , Richard Larrabee Manager, Supply Chain Solutions, Oracle, Kent Davis Director, Oracle ERP SCM, Perficient, Alaster Love Director Oil & Gas Practice, Perficient, and Don Ford Director, Oracle EPM, Perficient, hosted a webinar: Boost Revenue and Profit Performance with Oracle IBPX.

How To 322

How To Data Management Marketing 322

TheGuardian

APRIL 24, 2024

Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year Lloyds Banking Group has posted a 28% drop in profits for the first three months of the year as intense competition in the mortgage and savings market hit its earnings. Continue reading.

Taxes 56

Taxes Groups Branding Marketing 56

TheGuardian

FEBRUARY 15, 2024

The UK lender – which is still 35% government-owned – said pre-tax profits rose 20% to £6.2bn in the year to December. The UK lender – which is still 35% government-owned – said pre-tax profits rose 20% to £6.2bn in the year to December. Continue reading.

Report 93

Report Taxes Groups 93

PYMNTS

DECEMBER 18, 2020

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The first profitable quarter was for the three months ended June 30, according to the filing. .

Policies 206

Policies Security Company Report 206

TheGuardian

FEBRUARY 23, 2024

as bank says annual pre-tax profits rose by 19% in 2023 to £4bn • Business live – latest updates Standard Chartered has handed its chief executive his largest pay package in nearly a decade as the lender reported a jump in profits, despite bracing for up to £1bn in potential losses due to China’s property downturn. in 2022.

Report 96

Report Taxes 96

American Banker

MARCH 3, 2024

Critics argue the Federal Home Loan Bank System earned record profits last year and should provide a public benefit commensurate with the perks to members.

System 100

System Community Bank Policies Community 100

Payments Dive

JANUARY 24, 2024

“Looking inward, I realized we grew our org too quickly,” founder and co-CEO Pedro Franceschi said in a message to employees.

221

221

TheGuardian

OCTOBER 30, 2023

Bank to buyback $3bn in shares after quarterly profits double despite financial hit from China’s property crisis HSBC will hand more than $3bn (£2.5bn) to shareholders, after higher interest rates helped to more than double quarterly profits, despite taking a financial hit on China’s property crisis.

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Payments Dive

SEPTEMBER 20, 2019

A report by Aite Group shows that banks are struggling to turn a profit on their existing payments business, amid an industrywide transition to a real-time payments environment. Banks will be forced to make significant changes in how those businesses continue to operate moving forward.

Study 268

Study Payments Groups Operations 268

Payments Dive

FEBRUARY 28, 2023

The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

Operations 221

Operations Marketing Company 221

South State Correspondent

MARCH 23, 2022

With each new product, the Bank introduced increased profitability and increased its engagement rate and retention, thereby boosting customer lifetime value. The targeted extension of credit helped reduce customer acquisition costs, increase profitability, boost loyalty and promote brand differentiation.

Branding 221

Branding social media Strategy Data 221

PYMNTS

JUNE 17, 2020

bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year, according to Reuters. The profits only hit $18.5 According to the Federal Deposit Insurance Corporation (FDIC), over half of all banks ended up reporting a decline in profits, and 7.3

FDIC 203

FDIC US Lending Report 203

PYMNTS

DECEMBER 14, 2020

The Playbook offers exactly that, with strategies to affirm proper use of AI with provision of personalized services to reduce delinquencies and bolster profits. Profitability And The AI Imperative. You’d think enhancing profitability would be enough, but AI platforms and tools can do more. Smarter, Faster Decisioning.

Fraud 218

Fraud System Digital Banking Data 218

BankUnderground

SEPTEMBER 7, 2023

Existing studies have considered the contribution of profits to persistently high inflation in the US , euro area and UK. To add to this debate, we recently asked firms in the Decision Maker Panel about their profit margins over the past year and their expectations for the year ahead.

Trends 97

Trends Survey Data Study 97

PYMNTS

JULY 10, 2020

Indian food-delivery company Zomato weathered a decrease in revenue after COVID-19 hit — but at the same time saw an increase in profitability, founder and CEO Deepinder Goyal said in a blog post yesterday. While COVID-19 has impacted the size of our business, it has accelerated our journey to profitability.

Report 168

Report Company US Online 168

BankUnderground

NOVEMBER 16, 2023

Some have said that companies have increased their profits over that period: so-called ‘greedflation’. We use published company accounts for thousands of large listed companies to look for signs of increased profits in the data. How has the profit share been so stable?

Company 102

Company Trends Policies Taxes 102

Payments Dive

AUGUST 15, 2023

The new leader may benefit the digital payments pioneer by focusing on small and mid-sized clients.

Payments 317

Payments 317

BankInovation

MARCH 5, 2024

For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted EBIDTA of $10 million compared to a loss of $13 million in Q4 2022, according to the bank’s earnings release today.

Digital Banking 69

Digital Banking Technology Report 69

Payments Dive

OCTOBER 28, 2022

The company also credited cross-border travel, digital-first deals with banks and co-branding alliances for its performance during the quarter.

Branding 273

Branding Company 273

PYMNTS

JANUARY 24, 2020

The philanthropy organizations also revealed today a $10 million “impact challenge” to crowdsource data science initiatives and solutions for organizations in the non-profit, civic, and government space. The site will be a dynamic platform for data science partnerships committed to improve the field’s social impact.

Data 199

Data Online Training Analytics 199