EMIS PDF Chapters

DECLARACIÓN LEGAL
La información que se contiene en el servicio está o licenciada por proveedores de

información de tercera parte o es propiedad intelectual de EMIS. La información - incluido
este documento que está a su disposición está protegido por leyes de derechos de autor,
derechos de bases de datos, marcas y /o patentes que se poseen por la parte relevante.
Excepto con una permisión previa en el acuerdo (si hay alguno) entre el suscriptor y EMIS, o
de lo contrario aprobado expresamente por escrito por EMIS, cualquier reproducción,
publicación, redistribución, venta, emisión o circulación de la información a cualquier tercera
parte está estrictamente prohibido.
Ningún derecho se concede al suscriptor excepto el uso limitado de derechos. Al suscriptor

no se le permite guardar en forma electrónica cualquier carpeta compartida tampoco puede
archivar la información que se pude utilizar como solicitud de investigación ni se puede
mover, ocultar o alterar ninguno de los avisos de los derechos de autor que se contienen en el
servicio o en este documento.
08 de marzo de 2024 | Publicación: Acquisdata - Global Industry Reports
The Impact Of Fintech On Financial Services - Industry Report - 2. Leading Companies - March 2024
2. LEADING COMPANIES
2.1 ACI Worldwide (Nasdaq: ACIW)
ACI Worldwide focuses on providing software products and solutions primarily to facilitate real time electronic payments. The company powers electronic payments for
more than 5,100 organizations across 80 countries. Its payment capabilities, technologies, and solutions are marketed under the brand name Universal Payments (UP).
ACI's solutions support the electronic payment needs of banks, intermediaries, merchants and billers. The company's key strategic solutions include the following:
UP Retail Payments solution : enables banks and financial intermediaries to accept, authorize, route and secure payment transactions.
ACI Card and Merchant Management : includes comprehensive credit, debit, smart card and prepaid card issuance and management; end-to-end merchant account
management and settlement.
UP Real-Time Payments solution : allows banks to address their RTGS (Real-Time Gross Settlement), SWIFT messaging, automated clearing house (ACH) and real-
time faster payments needs.
UP Merchant Payments solution : provides merchants with a vendor-agnostic, flexible and secure omni-channel payments environment.
Recent Developments
On 28 February 2024, ACI in partnership with Kuvasz Solutions, a leading Latin American provider of professional services for the payments industry, will help
advance adoption of real time payment ecosystem in Colombia.
On 13 February 2024, ACI in collaboration with RYVYL EU, a leading payments service provider, will help merchants across Central Eastern Europe to increase
revenues and drive growth.
On 6 February 2024, Nepal Clearing House (NCHL), a public limited company would be using ACI Enterprise Payments Platform to establish and operation of
National Payment Switch (NPS) and rollout of a domestic card scheme for Nepal.
On 11 January 2024, ACI Worldwide announced that leading U.K. retailer Co-op would be using ACI to power its payment and fraud prevention technology, hosted in
Microsoft Azure.
On 13 December 2023, The Central Bank of Colombia, Banco de la RepÃºblica, announced its partnership with ACI Worldwide to drive the real-time and digital
transformation of Colombia's payments ecosystem.
On 28 November 2023, ACI Worldwide announced a partnership with financial technology company Mexipay to boost payment innovation in MÃ©xico with its real-
time payments and other innovative payment services in MÃ©xico.
On 8 November 2023, ACI announced partnership with Interswitch Group, Africa's leading integrated payments and digital commerce company to drive payment
modernization across Sub-Saharan Africa region.
On 17 October 2023, ACI Worldwide announced that it has reached settlements with state money transmitter regulators and state attorneys general and would pay $20
million to settle allegations a 2021 computer testing error resulted in its inadvertently withdrawing more than $2 billion from the accounts of mortgage holders.
On 19 September 2023, ACI Worldwide announced collaboration with Microsoft to enable faster instant payments through ACI's Real-Time Payments Cloud (RTPC)
platform.
On 20 July 2023, ACI Worldwide announced it will support transactions on the Federal Reserve's newly live instant payment rail, the FedNow Service offering secure
real time payment services.
On 19 July 2023, ACI Worldwide and Dock, a technology company for payment and banking will jointly unveil Acquiring as a service in the Brazilian market with
plans to expand further.
On 13 July 2023, ACI Worldwide and Secure Bank Corporation, a leading bank in the Philippines partnered over Bank's real-time payment management, to roll out
innovative products, services and partnerships to its customers.
On 19 June 2023, ACI Worldwide announced launch of ACI Instant Pay, a real-time payment solution for online, mobile and in-store payments with an API integration
for customers in Europe and U.K.
On 31 May 2023, ACI Worldwide announced appointment of Thomas Warsop as President and Chief Executive Officer, effective June 1, 2023. He was serving as
interim President and CEO since November 2022.
On 24 May 2023, ACI Worldwide announced partnership with Red Hat OpenShift, the industry's leading enterprise Kubernetes platform, to expand its payment cloud
offering for financial institutions and payment providers.
On 22 May 2023, ACI Worldwide announced the addition of Swift Go to its cross-border payments offering. The integration will help banks to utilize Swift Go via the
ACI Enterprise Payments Platform for real time, cross border payment services.
On 16 May 2023, ACI Worldwide announced that it has completed testing and certification for the FedNow Service, the Federal Reserve's new instant payments
offering launching this July. ACI identified Corporate One Federal Credit Union as its initial partner to integrate instant payment services on FedNow.
On 24 April 2023, ACI Worldwide announced partnership with MagicCube the creator of i-Accept, to deliver secure and seamless contactless payments using Tap to
Pay to mid to large size retailers.
On 18 April 2023, ACI Worldwide announced availability of fraud protection services as part of ACI's Real-Time Payments Cloud for FedNow and TCH RTP for U.S.
Customers.
Latest Quarterly Result
ACI Worldwide revenue in the fourth quarter of 2023 was $477 million, up 5% YOY. Merchant segment revenue improved and increased 4%, Bank segment revenue
increased 3% and Biller segment revenue increased 9% YOY. Full-year 2023 revenue was $1.45 billion, up 5% from 2022. ACI ended the 2023 with $164 million in
cash on hand and a debt balance of $1 billion, which represents a net debt leverage ratio of 2.2x, down from 2.4x last quarter. For the full year 2024, ACI provided
guidance for revenue to be in a range of $1.547 to $1.576 billion.
Latest Key Financial Data
Exportar Tabla a Excel
Quarter Ending Fiscal Year Ending

(In millions of
US$)
December 31, December 31, December 31, December 31,
2022 2023 2022 2023
Revenue 452 477 1,421 1,452
Operating Income 148 172 203 220
Net Income 90 122 142 121
Total Assets 3,209 3,444 3,209 3,444
Total Equity 1,193 1,324 1,193 1,324
Figure 1: LTM Performance vs. SPX 500
Source: Marketwatch [1]
2.2 Aeon Financial Service Co (TYO:8570)
Aeon Financial Service Co Ltd engages in financial services in Japan and other Asian countries and operates via four different divisions: credit cards, banking, overseas
and fee business.
The company provides services in credit card, purchase loan and hire purchase contracts, various banking products and services, including fixed deposit account,
mortgage loans, insurance products and investment funds as well as in-store branches.
The company also offers ATM installation and insurance agency services, online insurance services and short-term insurance products. The company further engages
collection agency services such as utility fees, mobile bills, and mail-order fees and provides extensive internet retailing services, like Touch n Go Card, an electronic
toll collection card to pay highways tolls, trans and city bus fares.
Recent Developments
On 16 January 2024, Aeon announced receiving approval from Bank Negara Malaysia and the Minister of Finance to being operations and become first Islamic digital
bank in Malaysia. It aims to provide secure and efficient financial services to customers in Malaysia.
On 11 April 2023, Aeon announced partnership with Global AI innovations laboratory, to introduce GAILABO's AI credit scoring and AI collection scoring services at
overseas subsidiaries.
For the nine months ended 30 November 2023, Aeon reported revenue of ¥355 billion, up 7.4% YOY. Consolidated operating profit was ¥26 million (down 37.2% from
a year earlier). For FY23, the company continues to expect revenue to be approximately ¥480 billion.

Nine Month Ending Fiscal Year Ending
(In billions of Yen)

November 30, November 30, February 28, February 28,
2022 2023 2022 2023
Revenue 331 355 470 451
Net Income 22 8 30 30
Total Assets 6,623 6,960 6,278 6,659
Total Equity 431 444 423 443
Figure 2: LTM Performance vs. NIKKEI 225 Index
2.3 AlphaPoint (private)
AlphaPoint is a financial technology company which provides an exchange platform to support digital currencies. The platform helps customers to digitize assets and
reduce operational costs with its blockchain technology. The company has an experienced team with more than 200 years of combined experience in financial
technology. The company also has a Distribution Ledger Platform which helps to digitize, trade and manage assets. The company announced plans to launch a new
blockchain network dubbed the AlphaPoint Public Network.
AlphaPoint has enabled over 150 customers in 35 countries to launch and operate crypto markets, as well as digitize assets. Some of its key products include:
AlphaPoint Exchange Software : allows firms to manage their blockchain-based digital assets.
AlphaPoint Brokerage Exchange Software : enables broker dealers to offer clients access to digital assets.
AlphaPoint eOTC Trading Platform : enables institutional and high net worth clients to execute large block trades on hundreds of crypto-to-crypto and crypto-to-fiat
pairs.
Despite the significant headwinds AlphaPoint performed well in year 2022. Users and accounts on platform grew approximate 30% YOY to over 9 million accounts
across client exchange, brokerage, and wallet platforms worldwide. The company opened new offices in LATAM and APAC growing employees to 150+ in the year.
AlphaPoint partnered with new institutional clients in Columbia, Greece, and the UAE. The company expanded its partnerships with new integrators.
Recent Developments
On 31 October 2023, Alphapoint announced partnership with Coincover, a blockchain protection company, to provide additional layer of security for its customers from
hacking, human error, and scams.
On 26 June 2023, Sumsub, full-cycle verification platform to secure the whole user journey, announced partnership with AlphaPoint. Partnership will provide
AlphaPoint customers robust identity verification capabilities.
2.4 American Express Company (NYSE: AXP)
American Express or Amex, an American multinational financial services company, is best known for its charge cards and revolving credit cards; however, it is also one
of the world's largest providers of travel-related services and payment services. The corporation operates through four segments â€• US consumer services, international
consumer and network services, global commercial services and global merchant services.
Amex's products and services are sold to diverse customer groups including consumers, small businesses, mid-sized companies as well as large corporations. These are
sold through channels including online applications, direct mail, in house teams, third-party vendors and direct response advertising. Besides its cards, the company
partners with banks and other organizations to issue American Express-branded products.
Recent Developments
On 7 December 2023, American Express Company board of directors approved dividend of $0.60 per common share, payable on February 9, 2024, to shareholders of
record on January 5, 2024.
On 15 September 2023, American Express Canada launched tap to pay on TTC to make transit payments simple and seamless. Payments can be made with a tapping
enabled card, mobile wallet or watch.
On 27 June 2023, American Express announced retirement of Jeffrey C. Campbell, Vice Chairman and Chief Financial Officer and appointment of Christophe Le
Caillec, Deputy Chief Financial Officer as his successor on 14 August 2023.
The fourth quarter and full year 2023 results for Amex showed record revenue growth driven by strong card member spending and credit performance. For the quarter,
the company reported revenues of $15.7 billion, up 11% year-over-year. EPS came in at $2.62, compared to $2.07 in the prior year period. For the full year Amex
reported revenue of $60.5 billion, up 14% YOY. The company provided full year 2024 revenue growth of 9% to 11% and EPS of $12.65 to $13.15 based on the ongoing
momentum.
Three Month Ending Fiscal Year Ending

(In millions of
US$)
2022 2023 2022 2023
Revenue US$14,176 US$15,799 US$52,862 US$60,515
Operating Income US$1,871 US$2,512 US$9,585 US$10,513
Net Income US$1,572 US$1,933 US$7,514 US$8,374
Total Assets US$228,000 US$261,000 US$228,000 US$261,000
Total Equity US$25,000 US$28,000 US$25,000 US$28,000
Figure 3: LTM Performance vs. SPX 500 Index
Source: Nasdaq [3]
2.5 Ant Group (private)
ANT Group is a world-leading third-party payments platform founded in 2004. With its vision of "bringing small and beautiful changes to the world", ANT Group is
dedicated to creating an open ecosystem, providing inclusive financial services to small and micro enterprises and individuals consumers.
The company operates an online payment platform that offers mobile payment services, selling insurance products online, small loans to business that set up virtual
storefronts on Alibaba's retail websites. Businesses operated by ANT Group includes Alipay, Ant Fortune, Zhima Credit, MYbank and Ant Financial Cloud, covering
payments, wealth management, independent credit scoring and reporting, private banking and cloud computing services.
The company has been expanding aggressively outside China into Europe and other parts of Asia. Ant has struck deals in Europe with major institutions such as BNP
Paribas to help more merchants accept Alipay, mainly for Chinese visitors.
On 4 December 2020, Ant Group, won one of four licenses awarded by Singapore to operate a digital only bank in the city state. The digital wholesale banks are
expected to start operating from early 2022.
The company was looking to raise about $34 billion in a dual listing in Hong Kong and Shanghai's STAR Market. But the IPO was halted by the China's financial
regulatory authority.
In April 2021, China's central bank directed Ant Group to undertake a series of restructuring measures that will see Ant turn into a financial holding company, which
could curb its profitability and valuation. Ant will now be subjected to tougher regulatory oversight and capital requirements. Ant would also cut any linkage between
Alipay, and its credit card and consumer loan services business.
In June 2022, China's central bank accepted Ant Group's application to set up a financial holding company. This signals that the company could get its financial holding
license soon and could also pave way to go ahead with its IPO which was cancelled earlier. China's regulator will examine Ant's capital strength and business plans
before giving a final signoff.
As per Reuters report, Ant Group made net profit of 24.5 million yuan ($3.41 million) in the three months to Sept. 31, down 92% from a year earlier, according to
Reuters calculations from Alibaba Group Holding's (9988.HK) earnings report. The e-commerce giant reports profit from Ant one quarter in arrears.
Recent Developments
On 5 January 2024, As per Reuters report, Ant group is getting closer on acquisition of Dutch financial firm MultiSafepay, for approximate $200 million. MultiSafepay
provides payment acquiring and processing services to more than 18,000 small and medium-sized businesses.
On 14 November 2023, As per Businesswire report, Ant showcased products and services including mPaaS, one-stop solution for mobile development, ZOLOZ
eKYCan AI-powered digital identity verification solution, AntChain TaaS, traceability-as-a-service and ZAN, a full suite of blockchain application development
products and services for both institutional and individual Web3 developers, and more for international markets at the TrustBridge Forum in Singapore.
On 11 October 2023, as per Forbes report China Daily and Ant Group launched NFT platform to help facilitate NFT buying and selling on the blockchain.
On 8 September 2023, as per Reuters report, Ant Group unveiled a finance-specific artificial intelligence (AI) model "Zhixiaobao 2.0" offering consumers financial tips,
matching market analysis and reasoning capability with a financial professional. And will be available after regulatory approval.
On 7 July 2023, Chinese financial authorities announced fine of 7.12 billion yuan ($984 million) to Ant and its subsidiaries. Also, to stop operations of its crowdfunded
medical aid service Xianghubao and compensate users, ending years-long regulatory overhaul.
On 31 May 2023, Ant group has announced expansion of Alipay+ integrations in Thailand. The e-wallets including AlipayHK, Kakao Pay, Touch 'n Go eWallet, and
Alipay are now accepted in Thailand.
2.6 Atom Bank (private)
Atom Bank is breathing new life into banking by providing all its services digitally. Atom is an app-based bank that does not have any branches. This mobile banking
app offers a range of personal and business banking products, and uses bio-metric security, which uses face and voice recognition.
Atom's innovative banking app appeals to younger customers particularly and the bank can save money by having no branches, potentially helping it to make a profit
quickly. It currently offers fixed rate savings products, secured business loans and retail mortgages.
Atom's business model centres on offering retail banking products to savers, homeowners and business owners. It currently offer mortgages together with secured
business loans and personal savings accounts and aims to add additional personal and business products during 2021.
The company has process mortgage applications worth £3.2 billion since launch. For full year ended 31 March 2020, the company registered an operating loss of £46
million.
In February 2021, Atom Bank partnered with Plaid, an Open Finance platform and data network to help small business with open banking services including easier loan
processes. Plaid securely share customer data with Atom, enabling a quicker response to lending applications.
Recent Developments
On 1 November 2023, Atom bank announced raising over £100m in new equity capital from long-term shareholders BBVA, Toscafund and Infinity Investment
Partners. The funds will be used to accelerate lending and balance sheet growth.
On 24 May 2023, Atom bank announced appointment of Lee Rochford as its new Chairman, replacing Bridget Rosewell when she steps down in September.
On 29 April 2023, As per Bloomberg report, Atom was in discussions with Jefferies as principal advisers to raise funds between £100 million to £200 million to "grow
sustainably."
2.7 Fiserv (Nasdaq: FISV)
Fiserv is a leading global provider of financial services technology. The company provides various services including debit and credit card processing, electronic bill
payment, internet & mobile banking software, account processing, investment services, risk management solutions, item processing and lending services. The company
serves banks, thrifts, credit unions, investment management firms, leasing and finance companies, retailers, merchants, mutual savings banks, and building societies.
It also provides retail point-of-sale (POS) merchant acquiring and e-commerce services as well as next-generation offerings such as mobile payment services, and cloud-
based Clover line of payment solutions and related applications. While the operations of the company are global, but it generates nearly 88% of its revenues from
domestic (US) operations.
The company's growth strategy revolves around developing new product and services, geographical expansion, adding new clients, selling additional products and
services to existing clients and acquiring complementary businesses.
Recent Developments
On 4 March 2024, Fiserv announced its new global headquarters in downtown Milwaukee, bringing together Fiserv associates, clients and prospects to the company's
innovative solutions and expertise with uniquely local trademark features.
On 20 February 2024, Fiserv announced partnerships with Genesis Bank, to support small businesses, offering business management, sales, payment option, streamline
operations and improve customer experience.
On 14 February 2024, Fiserv announced expansion of its in-person bill payment to include the ATM network of NCR Atleos Corporation. Consumers will be able to
pay utility, phone, cable and other bills in cash in person at ATMs at leading U.S. retailers.
On 11 October 2023, Fiserv announced acquisition of Skytef, to broaden its network of partners in Brazil. The financials of the deal were not disclosed.
On 19 September 2023, Lloydd Bank announced partnership with Fiserv to offer wholesale FX rates to UK and European merchants for dynamic currency conversion
(DCC) on card transactions.
On 24 August 2023, Fiserv and Akoya, an API-only network for the consumer-permissioned sharing of financial data, announced collaboration to enable businesses
with secure data sharing.
On 25 July 2023, Trintech, a leading provider of cloud-based financial solutions, announced its acquisition of Frontier™ Reconciliation and Accurate™ Reconciliation
from Fiserv. Financial of the deal were not disclosed.
On 25 May 2023, Fiserv announced transferring the listing of its common stock to the New York Stock Exchange (NYSE) from the NASDAQ Global Select Market
(NASDAQ). The Company expects to begin trading on the NYSE June 7, 2023, under a new ticker "FI."
On 18 April 2023, Fiserv announced digital issuance of debit cards, both in-store and online, eliminating wait for physical card to be delivered and activated.
On 12 April 2023, Salem Five will be among the first financial institutions to implement the FedNow Service, utilizing NOW Gateway from Fiserv.
Latest Quarter Results
Fiserv reported fourth quarter 2023 revenue of $4.64 billion up 6% YOY and GAAP EPS increased by 18% and adjusted EPS was up 15% YOY, led by 14% growth in
the Acceptance segment, 3% growth in the Payments segment and 3% decline in the Fintech segment. Revenue for the year 2023 was $18.04 billion, up 8% YOY.
Fiserv expects the 2024 organic revenue growth outlook of 15% to 17% and adjusted EPS of $8.55 to $8.70, or growth of 14% to 16%.

(In millions of
US$)
2022 2023 2022 2023
Revenue 4,631 4,917 17,737 19,093
Operating Income 1,179 1,446 3,740 5,014
Net Income 798 889 2,582 3,129
Total Assets 83,869 90,890 83,869 90,890
Total Equity 31,527 30,508 31,527 30,508
Source: Nasdaq [4]
2.8 Futurefuel.io (private) (Now candidly)
FutureFuel connects students and growing professionals with top employers offering up to $30,000 of student debt repayment. The enterprise SaaS solution makes the
implementation of debt repayment easy. The platform empowers employers to turn-on student debt repayment as an enterprise-wide benefit scheme or only for select
special employee populations. The company was launched in 2016 and targets to eliminate more than $30 billion in student debt by 2021.
The company claims that on average it shaves at least $15,000 and half of a decade off of a user's student loans, through its personalized Student Debt FinHealth
platform. It is backed by some of the most renowned names in business world including Salesforce Ventures, Fiserv, Vulcan Capital, among others.
On 7 March 2023, Candidly announced raising $ 20.5M in a Series B round of financing, led by Altos Ventures, with follow-on participation from Cercano
Management. The funding will enable company to better respond to the market need, translating smart policy (SECURE Act 2.0) into practical solutions for the financial
wellbeing of millions of Americans.
2.9 Global Payments Inc (NYSE: GPN)
Global Payment Inc is a leading worldwide provider of payment technology services that delivers solutions driven by customer needs globally. The company's segments
primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. It targets customers in various industries, including
financial services, gaming, government, health care professional services, restaurants and retails. The company's primary business model provides payment services
directly to merchants as its customers.
The company also offers integrated commerce, vertically-oriented software, cloud-based point-of-sale, analytic, marketing, payroll, e-commerce and omni-channel
solutions through Realex Payments, a European online payment gateway technology. Besides, it also offers gaming solutions to licensed gaming operators. Their
technologies, partnership and employee expertise provide a broad range of products and services that allow customers to accept all payment types across a variety of
distribution channels in many markets around the world.
Recent Developments
On 11 January 2024, Global Payments and Commerzbank (FRA: CBK), the leading bank for small and medium size German enterprises, announced a joint venture
offering digital payment solutions to small and medium size business customers across Germany.
On 8 November 2023, Global Payments announced appointment of Shannon Johnston as Chief Information officer effective 1 January 2024, succeeding Guido Sacchi,
who will retire at the end of 2023.
On 1 May 2023, Global Payments announced that Jeffrey S. Sloan is stepping down as Chief Executive Officer and a member of the Board, effective June 1, 2023.
Sloan will be succeeded by Cameron M. Bready, currently President and Chief Operating Officer.
Global Payments ended the year with revenue growth ahead of expectation for the fourth quarter and year 2023. The company revenues were $2.43 billion, compared to
$2.25 billion in Q422. For the full year 2023, the company revenue was $9.65 billion, compared to $8.98 billion in 2022. For the year 2024, GPN expects adjusted net
revenue to be in the range of $9.17 billion to $9.30 billion, reflecting growth of 6% to 7% YOY.

(In millions of
US$)
2022 2023 2022 2023
Revenue 2,252 2,433 8,975 8,654
Operating Income 407 498 640 1,716
Net Income 258 372 143 1,028
Total Assets 44,809 50,570 44,809 50,570
Total Equity 22,540 23,279 22,540 23,279

Source: Nasdaq [5]
2.10 LendingClub Corporation (NYSE: LC)
LendingClub is the world's largest online marketplace connecting borrowers and lenders. LendingClub helps consumers and small business owners borrow, lower their
cost of credit and enjoy more transparency than that of traditional banks. The company provides personal loan, education and patient finance loans, auto refinancing
loans, small business loans and lines of credits to the borrowers.
The company is one of the primary players in personal loans, a $130 billion plus industry and the fastest growing segment of consumer credit in the United States and
has an estimated addressable revolving debt market opportunity of more than $1 trillion. The company has helped more than 3 million people with loans and has
facilitated $50 billion in loans since its launch in 2007.
LendingClub helps investors earn attractive risk-adjusted returns. The investors have an opportunity to invest in a wide range of loans based on term and credit
characteristics. The company attracts wide range of investors including retail investors, high-net-worth individuals and family offices, banks and finance companies,
insurance companies, hedge funds, foundations, pension plans and university endowments.
In March 2022, LendingClub announced reaching more than 4 million members since inception in 2007. This includes those who took personal loan, auto refinance
loan, patient and education finance loan, or consumer deposit account through the platform. The company reached this milestone a little more than one year after
becoming a bank holding company.
Recent Developments
On 9 November 2023, LendingClub announced it crossed $1 billion of personal loans sold through its Structured Loan Certificates Program ("SLCLC Program"). It
accepts approximately $2 billion dollars of loan volume through the SLCLC Program over the next 6 months.
On 12 October 2023, LendingClub announced a cost reduction plan to align to challenging environment. LC announced workforce reduction by approximately 14%
(172 employees). Saving of $30 to $35 million, annualized is expected as result.
LendingClub reported revenue of $185.6 million for Q423, compared to $200.8 million in the prior quarter, driven by lower marketplace revenue and net interest
income. The loan originations stood at $1.6 billion, compared to $1.5 billion in Q323. For the year 2023, LeandingClub reported revenue of $864.6 million. For Q124,
the company expects revenue to be in the range of $30 to $40 million, and loan originations to be in range of $1.5 to $1.7 billion.

(In millions of
US$)
2022 2023 2022 2023
Revenue 262 185 1,187 864
Net Income 23 10 289 38
Total Assets 7,333 8,601 7,333 8,601

Total Equity 1,137 1,221 1,137 1,221
Source: Nasdaq [6]
2.11 Lufax (NYSE:LU)
Lufax is an internet-based lending and wealth management platform, owned by Ping An Group. Lufax aims to provide efficient and comprehensive wealth management
platforms globally. Additionally, to its online lending, its services include providing risk management expertise, financial assets trading information and related
consulting services for enterprises, financial services institutions and other qualified investors. Lufax takes advantage of the latest big data and IT technologies, and
leverages, the most advanced risk assessment models and risk control systems.
Lufax has always maintained rapid growth. According to Ping An's 2019 annual report, as of the end of December 2019, the number of registered users on the Lufax
platform reached 44.02 million, providing more than 7,800 products and personalized financial services to 12.5 million active investment customers, with customer
assets of 346.9 billion yuan.
Lufax successfully completed the IPO on the NYSE on 30 October 2020. It listed under the ticker LU. The company's IPO was priced at $13.50 per share allowing it to
raise ~$2.36 billion.
Boston Consulting Group (BCG) predicts that AI can help the entire wealth management market achieve a 25-50% increase in the scale of asset management, and help
various institutions achieve 15-30% revenue increase and 25-50% profit improve. This is positive for companies such as Lufax which provide intelligent wealth
management platform.
Lufax reported weak third quarter 2023 results with total income decreasing 39.0% year-over-year to RMB8.05 billion. Net profit was RMB131 million in the third
quarter of 2023 compared to net profit of RMB1,355 million in the same period of 2022. The outstanding balance of loans enabled was RMB366.3 billion as of 30
September 2023 compared to RMB636.5 billion as of 30 September 2022, down 42.5% YOY. The Company had RMB39,8 billion (US$6,472 million) in cash at bank
as of 30 September 2023.
2.12 MasterCard Inc (NYSE: MA)
MasterCard Inc is a technology company in the global payments industry, operating one of the world's fastest payment processing networks, connecting consumers,
financial institutions, merchants, governments and businesses across the world.
One of the biggest players that combines technology and financial services, the company's products include consumer credit, commercial, debit, prepaid, commercial
and digital payments options. Under consumer credit, it offers a range of programs that enables issuers to provide consumers with cards allowing to defer payments,
while debit supports a range of payment products and solutions allowing its customer to access to funds in deposit and other accounts.
Additionally, its prepaid payment programs support processing products and services focusing on government programs, such as social security payments,
unemployment benefits, commercial programs, like payroll, health savings accounts, employee benefits, consumer re-loadable programs for individuals and electronic
payments users.
MasterCard also offers commercial payment products and solutions, which help large corporations, mid-sized companies, small businesses and government entities
streamline their procurement and payment processes, manage information, expenses and administrative costs. Its SmartData tools, provides information reporting and
expenses management capabilities and credit and debit programs for small businesses, focusing on offering digital solutions.
This allows consumers to use their smartphones to make digital payments through various partnership with mobile companies and digital companies around the world.
Moreover, MasterCard competes with American Express, Discover, JCB, UnionPay, Visa Inc, First Data Corporation, FIS, Interac, EETPOS, Bankserv, Total System
Services Inc, Paypal, Alipay, and Amazon.
Recent Developments
On 6 February 2024, Mastercard's board of directors declared a quarterly cash dividend of 66 cents per share. The cash dividend will be paid on 9 May 2024 to holders
of common stock as of 9 April 2024.
On 24 January 2024, Mastercard and The Clearing House (TCH) announced multi year partnership to work together on real-time payments (RTP) adoption on the
RTP® network, helping with innovative offerings for customers.
On 11 January 2024, Mastercard announced development of a new AI based tool to help small business with real time customized assistance to help them grow.
On 20 November 2023, MasterCard announced its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd has received approval from the
People's Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to begin domestic payments processing in China. The MasterCard
holders in China will soon be able to utilize seamless payments in China using MasterCard offerings.
On 24 August 2023, as per Bloomberg report, Mastercard and crypto exchange Binance will end their four crypto card programs in Argentina, Brazil, Colombia and
Bahrain as of Sept. 22.
On 14 August 2023, as per Financial Times report, Mastercard has agreed to take a minority stake in the financial technology unit of South Africa's MTN, valuing the
arm that covers payments and remittances at more than $5bn.
On 25 July 2023, Mastercard launched Mastercard Receivables Manager, a new, automated solution to streamline virtual card payments for buyers and suppliers.
On 26 May 2023, UniCredit and Mastercard announced a global expansion of their payment partnership, offering payment innovation and enhanced digital experiences
to customers from 13 banks in 12 markets.
On 22 May 2023, Mastercard and HealthLock announced partnership offering millions of Americans help in protecting themselves against medical bill fraud, claim
errors and overcharges. It will help organize medical insurance claims through one platform.
On 11 April 2023, Mastercard introduced Cross-Border Services Express, a new cross boarder payment tool offering consumers and small and medium-sized enterprises
customizable and easy to implement digital solution.
Mastercard reported solid fourth quarter 2023 results fueled by healthy consumer spending, and cross-border spending growth of 24%. Its revenue stood at $6.5 billion in
Q423, up 13% YOY. The operating income was $3.4 billion, an increase of 6% YOY. Net income was $2.8 billion, up 11% YOY. For the year 2023, Mastercard
revenue was $25.1 billion, up 13% YOY.

(In millions of
US$)
2022 2023 2022 2023
Revenue 5,817 6,548 22,237 25,098
Net Income 2,525 2,791 9,930 11,195
Total Assets 38,724 42,448 38,724 42,448
Total Equity 6,356 6,975 6,356 6,975

Source: Nasdaq [7]
2.13 MYOB Group Ltd (Acquired by KKR)
MYOB Group Ltd is a provider of business management solutions in New Zealand and Australia, namely small and medium enterprise (SMEs) solutions, practice
solutions and enterprise solutions. Its SME solution segment provides accounting software such as accounting, payroll and tax, while the practice solutions segment
offers client accounting, practice management, tax, document management, company secretarial and insolvency solutions to accountants.
Meanwhile, its enterprise solutions segments provide enterprise resource planning (ERP) and human resource management software and services to medium and large
enterprises. Its products include PayDirect Online, YourPay, PayAgent, MYOB Advanced, MYOB PayGobal and MYOB Greentree, offering to its client in accounting,
practice management, tax and document management.
In July 2020, the company released a new software specially designed for manufacturers, MYOB Advanced Manufacturing Edition. The features include bill of
materials, production management, material requirements planning (MRP), product configurator and estimate tools, together enabling manufacturers to efficiently
manage their entire business end-to-end using one system.
Recent Developments
On 26 May 2023, MYOB announced the appointment of Mr. Paul Robson as Chief Executive Officer, succeeding Greg Ellis. Paul Robson brings strong SaaS product,
technology, and marketing experience to continue drive growth and customer satisfaction.
On 10 May 2023, MYOB released more than 360 new features, enhancements and updates for its business management platform. It strengthens workflows and
improves usability visibility, and integrations for users of its MYOB Advanced platform, followed by a stellar 2022 performance, with sales growth of MYOB Advanced
up 52% YOY.
2.14 Nets A/S
Nets A/S is a Denmark-based company which provides digital payment services and related technology solutions. The company provides solutions which enables
merchants, corporates, financial institutions and consumers to make and receive payments.
It operates via the following three segments:
Merchant Services : offers in-store, online, and mobile payment acceptance solutions.
Issuer and eSecurity Services : provides processing services for more than 250 issuers of payment cards and banks in Europe, as well as complementary services such as
Consumer Management Services and Fraud & Dispute Services; and
Corporate Services : offers a payment platform for recurring bills and credit transfer transactions to more than 250,000 corporates manly in Denmark and Norway.
Recent Developments
On 9 November 2023, Nets announced reaching to an agreement with digital identity specialist "IN Groupe", which will acquire Nets' eID business. The financials of
deal were not disclosed.
On 12 September 2023, Nets signed a seven-year extension with BankID BankAxept, providing secure and convenient payment solution for Norwegian consumers and
merchants.
On 5 June 2023, â€Nets Finland and Nexi Digital Finland, introduced Npay terminal, to provide merchants with easy and versatile cloud-based payments across Europe.
2.15 PayPal Holdings Inc (NASDAQ: PYPL)
PayPal is a leading technology platform company that provides digital and mobile payments on behalf of consumers and merchants globally. One of the first companies
to merge technology with financial services on a large scale, the company focuses on maintaining its relevance for consumers, merchants, friends and family to access
and move their money anywhere in the world, anytime on any platform and through any device. PayPal provides payments solutions for merchant websites, mobile
devices and applications, and at offline retail locations through a range of payment solutions across its payment platform.
The company operates a two-sided global technology platform that links its customer, both merchant and consumers, around the globe to facilitate the processing of
payment transactions, allowing it to connect merchants and consumers.
Likewise, it allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds and enables consumers to
exchange funds with merchant using a range of funding sources, which include a bank account, a PayPal account balance, a PayPal credit account, a credit and debit
card, or other stored value products, such as coupons and gift cards.
The company also offers consumers P2P payment solutions through its Paypal website, mobile application as well as Venmo app. Venmo is a social payment app which
allows one to share and make payments with friends, family and businesses. The app is particularly popular among millennials.
Recent Developments
On 25 Janauary 2024, PayPal and Venmo announced six new AI driven innovations to revolutionize commerce for both merchants and customers.
On 2 November 2023, PayPal announced Archie Deskus Executive Vice President, Chief Technology Officer (CTO), effective immediately. She will oversee PayPal's
global technology, engineering, and information organizations.
On 3 October 2023, PayPal announced PayPal and Venmo credit or debit card holders can make payments quickly and securely in-store, online or on their favorite apps
using Apple Pay.
On 14 August 2023, PayPal Board of Directors announced appointment of Alex Chriss, as President and CEO, effective September 27, 2023. Chriss currently serves on
Intuit's executive leadership team and is expected to drive PayPal into next stage of growth and expansion.
On 7 August 2023, PayPal announced launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD), backed by U.S. dollar deposits, short-term U.S Treasuries
and similar cash equivalents. U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents.
On 26 July 2023, PayPal announced Microsoft's integration of PayPal's Pay Later solution to offer customers more flexible ways to pay and help increase customer
loyalty in the U.S., U.K., Australia, Germany, France, Spain, and Italy. Customer in the U.S. will have option to pay with Venmo in the Microsoft store in near future.
On 28 June 2023, PayPal announced that Tap to Pay on Android for Venmo business profile users in the U.S., for contactless payments directly on their Android mobile
devices with no additional hardware or upfront cost.
On 20 June 2023, PayPal and KKR announced multi-year partnership where KKR will purchase up to €40 billion of eligible current and future PayPal Pay Later loans
originated in Europe, while PayPal will be responsible for customer management.
On 22 May 2023, PayPal introduced Venmo Teen Account, for teenagers between the ages of 13 to 17-years-old providing parents and legal guardians ability to send
and receive money, with build in parental control and oversight capabilities .
PayPal ended the year 2023 with strong performance. The company reported revenue of $8.0 billion for Q4 2023, up 9% YOY. Total active accounts stood at 426
million in the quarter, 2% down. Total Payment Volume (TPV) was $409.8 billion in Q4 2023, up 15% YOY. For the full year revenue was $29.8 billion, up 8% YOY.
For FY24, GAAP EPS is expected to be ~$3.60 compared to $3.84 in FY'23; non-GAAP EPS is now expected to be in line with ~$5.10 in prior year.

(In millions of
US$)
2022 2023 2022 2023
Revenue 7,383 8,026 27,518 29,771
Net Income 921 1,402 2,419 4,246
Total Assets 78,717 82,166 78,717 82,166
Total Equity 20,274 21,051 20,274 21,051

Source: Nasdaq [8]
2.16 Tencent Holdings (SEHK: 700)
Tencent is an investment holding company, providing internet value added services and online advertising services in China and internationally. The company also
provides payment related cloud services through TenPay which supports B2B, B2C, C2C payments. The company also operates WeChat Pay, a payment solution which
enables users to make quick payment transactions on their mobile phones and QQ wallet which provides multiple payment methods such as bank card payment, QR
Code payment and NFC payment.
The company in partnership with few other firms including Industrial and Commercial Bank of China (Asia) has set up a JV named Infinium Ltd which acts as the
virtual bank. Infinium plans to leverage its advanced technology and fintech application to promote financial inclusions in Hong Kong and provide customers enhanced
virtual banking experience and services.
Tencent reported first quarter 2023 revenue of e RMB150 billion (USD21.8 billion), an increase of 11% over the first quarter of 2022 ("YoY"). Its net profit grew 27%
YOY to RMB33.4 billion.
(In millions of RMB)

March 31, March 31, December 31, December 31,
2022 2023 2021 2022
Revenue 135,471 149,986 560,118 554,552
Net Income 23,733 26,394 224,822 188,243
Total Assets 1,494,158 1,517,206 1,612,364 1,578,131
Total Equity 845,277 841,373 876,693 782,860
Figure 9: LTM Performance vs. Hang Sang Index

2.17 Visa Inc (NYSE: V)
Visa Inc is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and
territories to fast, secure and reliable electronic payments. It operates one of the world's most advanced processing networks, VisaNet, that is capable of handling more
than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants.
The company's core product solutions include the following:
Business Solutions: include business payment solutions, including small business, corporate (travel) cards, purchasing cards, virtual cards/digital credentials, non-card
cross-border B2B payment options and disbursement accounts.
Credit: Credit cards and digital credentials are issued by financial institutions and used by co-brand partners and fintechs to allow consumers and businesses to access
credit to pay for goods and services.
Debit: Debit cards and digital credentials are issued by financial institutions to allow consumers and small businesses to purchase goods and services using funds held in
their bank accounts.
Besides its core offerings, the company is now investing in new payment flows such as P2P, B2C, B2B and Government to Consumer (G2C) payments. In addition to
payment solutions, the company is now offering valued-add services such as merchant and acquirer solutions, consulting and analytics and fraud management and
security services. This further diversifies its revenue stream.
Recent Developments
On 5 March 2024, Visa announced a seven-year agreement with Western Union, Western Union customers will be able to send money to eligible Visa cards and bank
accounts in 40 countries across five regions.
On 26 February 2024, Visa and the GSMA Mobile announced the launch of five year Digital Finance for All (DFA) Initiative, aims to advance digital financial inclusion
for 20 million individuals and businesses in Africa, Asia and Latin America.
On 4 December 2023, Visa and Oxfam America announced collaboration to deliver real-time streamlined money and relief payments to individuals and businesses in
the Philippines, Kenya, Colombia, and Puerto Rico to protect themselves and their assets before a disaster.
On 2 October 2023, Visa announced a strategic partnership with Expel, a leading security operations provider, helping clients manage cybersecurity risks.
On 14 September 2023, Visa and Paysend, the UK Fin-Tech innovator, and Visa, announced partnership enabling Paysend's customers globally to send money in real-
time to eligible Visa cards across 170 countries and territories.
On 10 August 2023, Visa and Conferma Pay, a virtual payments provider, announced an extension of their strategic collaboration aimed at further enhancing Visa
Commercial Pay and expand the offerings to Asia, Latin America and the Middle East.
On 28 June 2023, Visa announced acquisition of Pismo, a cloud-native issuer processing and core banking platform, for $1 billion in cash. The acquisition will help Visa
serve financial institutions and fintech clients better.
On 20 June 2023, Visa announced the appointment of Chris Suh as Chief Financial Officer (CFO), who succeeds Vasant Prabhu. Suh joins Visa from Electronic Arts
(EA) and will be responsible for Visa's financial strategies, planning and reporting, in addition to all finance operations and investor relations.
On 23 May 2023, Visa announced plans to open a new global Technology and Product Hub in Poland, expanding Visa's as it invests worldwide to drive continued rapid
growth in digital commerce and payments.
Visa posted a strong start for the first quarter of fiscal 2024 with net income of $4.9 billion, or $2.39 a share, an increase of 17% and 20% respectively, in comparison to
year earlier. Visa's revenue for the quarter increased to $8.6 billion, up 9% YOY, driven by the growth in payments volume, cross-border volume and processed
transactions.
The board of directors increased Visa's quarterly cash dividend 16% to $0.520 per share and authorized a new $25.0B multi-year share repurchase program.

(In millions of
US$)
December 31, December 31, September 30, September 30,
2022 2023 2022 2023
Revenue 7,936 8,634 29,310 32,653

Net Income 4,179 4,890 14,957 17,273
Total Assets 85,387 91,409 85,501 90,499
Total Equity 36,924 39,733 35,581 38,733
Source: Nasdaq [10]
2.18 Fidelity National Information Services Inc. (NYSE: FIS)
Fidelity National Information Services Inc. is a leading provider of technology solutions for merchants, banks, and capital markets firms globally. Its solutions include
merchant acquiring solutions; integrated payment solutions; global eCommerce solutions; core processing and ancillary applications solutions; digital solutions,
including internet, mobile and eBanking; fraud, risk management and compliance solutions, among others.
FIS is organized its two reportable segments into -
1) Merchant Solutions which is focused on serving global merchants enabling them to accept electronic payments, including credit, debit and prepaid payments.
Merchant services include all aspects of payment processing, including authorization and settlement, customer service, chargeback and retrieval processing, reporting for
electronic payment transactions and network fee and interchange management. It serves clients in over 140 countries.
2) Banking Solutions is focused on serving clients for transaction and account processing; payment solutions; digital channel solutions; lending and wealth and
retirement solutions; risk, fraud management and compliance solutions. The segment serves clients in more than 130 countries.
3) Capital Market Solutions is focused on serving financial services clients with a broad array of buy and sell-side solutions. Clients in this segment operate in more than
100 countries and include asset managers, buy-and sell-side securities, brokerage and trading firms, insurers, private equity firms, and other commercial organizations.
Recent Developments
On 14 February 2024, FIS announced partnerships with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses
and consumers.
On 11 January 2024, FIS announced that it has expanded its sell-side solutions to new buy-side clients. The platform is modular and allows for clients to scale the
solution as needed to support their growth.
On 22 August 2023, FIS announced the appointment of James Kehoe as Chief Financial Officer (CFO), effective August 21, 2023. He will succeed Erik Hoag.
Seasoned financial leader James Kehoe brings deep experience as CFO of global large cap companies in dynamic industries.
On 25 July 2023, FIS announced the launch of Revenue Boost, a solution to help optimize payments on ecommerce sales.
On 6 July 2023, FIS signed a definitive agreement to sell a majority stake in Worldpay to private equity funds managed by GTCR, valuing Worldpay at $18.5 billion.
FIS will receive net proceeds of $11.7bn and retain a 45 per cent stake in Worldpay. GTCR committed to invest up to $1.25 billion in additional growth capital to
accelerate Worldpay growth strategy.
On 6 June 2023, FIS announced partnership with Volt to provide merchants with an account to-account payments infrastructure.
On 26 April 2023, Worldpay from FIS announced securing category II payment service license. It will allow the company to offer its world-class payment services to
local companies rapidly growing enterprises.
On 20 April 2023, FIS announced a regular quarterly dividend of $0.52 per common share. The dividend is payable on June 23, 2023, to shareholders of record as of
close of business on June 9, 2023.
On 1 March 2023, FIS announced partnership with GoDaddy to launch Commerce 360, an all-in-one omni commerce solution for small business. It will provide
businesses access to accept payments in any channel and sell through online marketplaces and social media.
â€FIS fourth quarter 2023, revenue stood at $2.51 billion, down 1% YOY. The banking segment revenue was flat, and Capital Markets increased 2% as compared to the
prior year period. For the full year 2023, FIS revenue was $9.82 billion, up15 YOY. For FY24, the company expects revenue to be in the range of $10,100 - $10,150
million. For Q124, revenue is expected to be in the range of $2,430 - $2,455 million.
For the year, the Company returned $1.7 billion of capital to shareholders through $510 million of share repurchases and $1.2 billion of dividends paid.

(In Millions of
US$)
September 30, September 30, December 31, December 31,
2022 2023 2021 2022
Revenue 2,415 2,489 13,877 14,528
Operating Income 222 261 1,055 (16,119)
Net Income 249 (449) 424 (16,708)
Total Assets 78,317 53,174 82,931 63,278
Total Equity 45,337 19,484 47,358 27,226
Source: Nasdaq [11]
2.19 Axos Invest (private)
Axos Invest is a robo-advisor that allows users to invest in a managed portfolio for the lowest possible price. The company, formerly called WiseBanyan was founded in
2013. It helps people save and invest for their goals for free. The company provides automated goal based investing and automated financial planning. The company
serves more than 25,000 people.
It charges a 0.24% annual fee compared to the 1.0% annual fee charged by many traditional advisors. Investors can design portfolios with an expanded list of 30+
investment options and have control over each allocation.
For investment purposes, it uses a portfolio of passively managed exchange-traded funds (ETFs) selected from a database of over 1,400 different ETFs based on their
investment focus, tracking error, historical performance, and operational efficiency.
La redistribución de esta información está estrictamente prohibida.
Derechos autorales 2024 EMIS, todos los derechos reservados.
Una compañía de ISI Emerging Markets Group

EMIS PDF Chapters

Uploaded by

Copyright:

Available Formats

EMIS PDF Chapters

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

EMIS PDF Chapters

Uploaded by

Copyright:

Available Formats

DECLARACIÓN LEGAL

La información que se contiene en el servicio está o licenciada por proveedores de

Ningún derecho se concede al suscriptor excepto el uso limitado de derechos. Al suscriptor

2.1 ACI Worldwide (Nasdaq: ACIW)

Latest Quarterly Result

Exportar Tabla a Excel

Quarter Ending Fiscal Year Ending

Revenue 452 477 1,421 1,452

Operating Income 148 172 203 220

Net Income 90 122 142 121

Total Assets 3,209 3,444 3,209 3,444

Total Equity 1,193 1,324 1,193 1,324

Figure 1: LTM Performance vs. SPX 500

Source: Marketwatch [1]

2.2 Aeon Financial Service Co (TYO:8570)

Latest Quarterly Result

Latest Key Financial Data

Nine Month Ending Fiscal Year Ending

(In billions of Yen)

Revenue 331 355 470 451

Total Assets 6,623 6,960 6,278 6,659

Total Equity 431 444 423 443

Figure 2: LTM Performance vs. NIKKEI 225 Index

Source: Marketwatch [2]

2.3 AlphaPoint (private)

2.4 American Express Company (NYSE: AXP)

Latest Quarterly Result

Latest Key Financial Data

Exportar Tabla a Excel

Three Month Ending Fiscal Year Ending

Revenue US$14,176 US$15,799 US$52,862 US$60,515

Operating Income US$1,871 US$2,512 US$9,585 US$10,513

Net Income US$1,572 US$1,933 US$7,514 US$8,374

Total Assets US$228,000 US$261,000 US$228,000 US$261,000

Total Equity US$25,000 US$28,000 US$25,000 US$28,000

Figure 3: LTM Performance vs. SPX 500 Index

Source: Nasdaq [3]

2.5 Ant Group (private)

2.6 Atom Bank (private)

2.7 Fiserv (Nasdaq: FISV)

Latest Quarter Results

Latest Key Financial Data

Exportar Tabla a Excel

Three Month Ending Fiscal Year Ending

Revenue 4,631 4,917 17,737 19,093

Operating Income 1,179 1,446 3,740 5,014

Net Income 798 889 2,582 3,129

Total Assets 83,869 90,890 83,869 90,890

Total Equity 31,527 30,508 31,527 30,508

Figure 4: LTM Performance vs. SPX 500 Index

Source: Nasdaq [4]

2.8 Futurefuel.io (private) (Now candidly)

2.9 Global Payments Inc (NYSE: GPN)

Latest Quarterly Result

Latest Key Financial Data

Exportar Tabla a Excel

Three Month Ending Fiscal Year Ending

Revenue 2,252 2,433 8,975 8,654

Operating Income 407 498 640 1,716

Net Income 258 372 143 1,028