Fintech News

MAY 19, 2025

Singapore-based Ant International also recorded two consecutive years of adjusted profit, according to people familiar with the matter. The company has not disclosed how it calculates adjusted EBITDA, a metric that typically excludes non-recurring or non-operating costs. Overall, Ant Groups profit rose 61% last year to RMB38.3

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Finovate

JULY 11, 2025

A Certified B Corporation, ecolytiq has approximately 14,500 financial institution clients worldwide.

AI

Finextra

AUGUST 8, 2025

However, many promising travel startups failed in 2020, not because of bad ideas, but because the world changed. The startups that survive tough times are quick to adjust, not just tough. The solution is to stay close to your market and be ready to pivot and adapt to new realities.

Authorization

Payments Dive

OCTOBER 20, 2020

In order to answer these questions and more, Adjust has partnered with app Intelligence platform Apptopia to create the Mobile Finance Report 2020. As mobile finance takes up an ever-more central part of our daily lives, understanding the benchmarks and trends from within this fast growing vertical is more vital than ever.

Adjustments

PYMNTS

DECEMBER 30, 2020

How 2020 Impacted Digital-First Banking. These digital banking trends were already well on their way before the pandemic hit, but mobile banking adoption has skyrocketed in 2020, especially among first-time users. In-branch operations will also likely need to be adjusted to account for the new post-pandemic paradigm. .

Online and Mobile Banking

Payments Source

JANUARY 22, 2021

credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending habits, according to a new report.

Credit Cards

PYMNTS

FEBRUARY 6, 2020

One of the general topics at hand was what it might take to get more restaurants — including quick-service restaurants (QSRs) and fast-casual operations — to get in the game and update their technology, payment and guest engagement efforts for 2020. The stakes are too high to stay behind the pack for too long. Innovation Sparks.

Adjustments

PYMNTS

FEBRUARY 6, 2020

Adjusted revenues were $3.7 Looking ahead, Uber is guiding toward fiscal year 2020 bookings growth of between 15 percent to 23 percent — and that the final quarter of the year will be a positive EBITDA quarter. billion, representing a 42 percent gain, and that number was in line with expectations. Feasting On Eats.

Adjustments

PYMNTS

JANUARY 18, 2021

In 2020, there were 37 companies in the S&P 500, including big names like General Motors and HP , that said their CFOs would quit. As they began working from home, WSJ writes, they had to deal with all the various adjustments like lockdowns, new hiring, talent retention or real estate organization. The number was 27.6

Adjustments

The Finance Weekly

JANUARY 19, 2023

For example, the 2008 recession and the 2020 pandemic had a significant impact on businesses. As a strategic CFO, look for ways to reduce costs or adjust pricing to stay competitive in the long term. Also, look for patterns and the factors driving them to identify opportunities for long-term growth.

Finance

PYMNTS

APRIL 17, 2020

The ongoing coronavirus pandemic has caused Uber to withdraw its 2020 guidance as it anticipates a $1.9-$2.2 The company retracted its 2020 forecast for gross bookings, adjusted net revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA).

Adjustments

PYMNTS

APRIL 14, 2020

CSA analysts also reported that Walmart’s March sales were up 21 percent from February 2020 — a phenomenon attributed to consumers crashing into stock-up mode to prepare for COVID-19. A new survey has found that Walmart Inc.

Adjustments

The Finance Weekly

JUNE 22, 2022

Even before the pandemic, business was booming for FCFOs, as between 2019-2020 there was a , 27% increase in CFO resignations creating a CFO talent shortage that has only , gotten worse in 2020 and 2021. The past few years have created the perfect growth environment for Fractional CFOs. This is where Fractional CFOs come into play.

Automation

PYMNTS

DECEMBER 31, 2020

The pandemic has changed the rules, however, and merchants have rapidly adjusted to a retail climate in which customers retain significant health concerns. I think there are a lot of things that 2020 taught us for sure,” Camille Kress , vice president of Growth Labs for intimate clothing retailer Adore Me , said in a PYMNTS interview. “We

BNPL

PYMNTS

JANUARY 7, 2021

The new year is here, and the grocery business gets to finally close the book on a difficult and complicated 2020. supermarkets adjusting to social distancing and digital-first tools, Asian retailers are considering redesigning their stores. Pandemic-Driven Redesign in Asia.

Contactless Payments

PYMNTS

SEPTEMBER 29, 2020

Kostick noted that the uncertainty has pushed Purity to adjust its strategy heading into the holiday season in terms of how the firm will stock and present inventory to consumers. And will U.S. consumer spending be significantly depressed given the current economic uncertainty and ugly employment effects the pandemic has had?

Consumer

PYMNTS

FEBRUARY 25, 2020

In the 2020 Buy Button Report: Customizing Implementation To Boost Conversion , PYMNTS examines the checkout processes offered by 1,052 of the web’s leading retail sites to assess the state of their buy button offerings, and how those offerings have made an impact on overall checkout experiences.

Addressing

PYMNTS

DECEMBER 21, 2020

billion in 2020. About $225 million in adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected for 2020. . Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms.

Federal Trade Commission

PYMNTS

DECEMBER 18, 2020

billion in revenue on an adjusted (non-GAAP) basis. billion in adjusted revenue reported for Q2 fiscal 2020. For Q2 fiscal 2021, FedEx reported $4.83 in diluted earnings per share (EPS) on $20.6 Those results exceeded the $2.51 in diluted EPS on $17.3 The company also handily exceeded analyst estimates of $3.18

Volume

PYMNTS

AUGUST 17, 2020

The Commerce Department released July’s retail sales last week, showing an increase in seasonally adjusted retail spending – up 1.2 Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 Using Census data, the trailing 12 months of non-adjusted physical retail sales show a decline of 1.9

Economy

PYMNTS

JULY 1, 2020

Macy’s said it had net sales of just over $3 billion, as reported in the past, and adjusted diluted loss per share of $2.03. Macy’s Chairman and Chief Executive Officer Jeff Gennette said in the statement, “The first quarter of 2020 was challenging for the country, the industry and Macy’s, Inc.

Adjustments

PYMNTS

JULY 31, 2020

Companies may have to adjust the two-week payment cycle to a process that meets the changing needs of the workforce. 278%: Shipt’s revenue bounce in Q1 2020 compared to 2019. And in next-gen payments, companies and workers are seeking quicker and more flexible payroll solutions , particularly in a time of uncertainty.

Payroll

PYMNTS

DECEMBER 30, 2020

But the style changes on display in 2020 are quite a bit different than previous years. In 2020, according to the report, the industry’s economic profit will fall by 93 percent. Changing styles in fashion are nothing new. Consumers are staying at home and as a result paying a lot less attention to their personal style.

Consumer

PYMNTS

AUGUST 7, 2020

Before Q2 2020, Uber was the innovator that launched the concept of a digitally backed ridesharing business with a growing side hustle in the world of delivery. billion during Q2 2020, a decline from Q2 2019’s net loss of $5.24 And Uber has shifted its strategy to get with the rapidly changing times. Uber’s show loss of $1.02

Adjustments

Fintech News

JULY 28, 2024

This growth is partly due to strategic adjustments in the digital goods segment and updated financial reporting. To date, 2C2P has raised close to US$49 million in equity funding, with its most recent funding round occurring in 2020. The company’s revenue for 2023 increased slightly to US$130.9 million from US$124.5

Adjustments

Clearly Payments

OCTOBER 7, 2024

As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory. in 2020, reaching $4.28 trillion in 2021, a 25% increase from 2020. billion to fraud in 2021, a 70% increase compared to 2020.

Cross-Border

PYMNTS

JANUARY 21, 2021

million weekly claims filed for benefits in all programs during the same week in 2020, the BLS said. Seasonal adjustment problems are the key factor driving jobless claims right now,” Ian Shepherdson, chief economist for Pantheon Macroeconomics, said in a note , per Yahoo. “The million, a decrease of 2.4

Adjustments

PYMNTS

FEBRUARY 21, 2020

Coca-Cola foresees that 2020 organic revenue will rise by 5 percent, while adjusted earnings per share will increase to $2.25. The company still foresees meeting its full-year targets even with the hit to its financial results in Q1. China represents roughly 10 percent of its worldwide volume but less of its profit and sales.

Cybersecurity

PYMNTS

DECEMBER 31, 2020

A survey from September 2020 found that 54 percent of Americans desired a contactless way to open new financial accounts or access existing ones, and new ATMs are being developed to meet these demands,” per the Tracker. “The It’s triggered a remaking of the entire sector.

ATM

PYMNTS

DECEMBER 29, 2020

billion aggregate base purchase price, which is “subject to customary adjustments for cash, indebtedness, working capital and transaction expenses.” Supreme is anticipated to be “modestly accretive” to the VF Corporation’s sales and adjusted earnings per share in fiscal 2021. In October, VF Corporation reported $256.7

Adjustments

Fintech News

MARCH 10, 2024

The bank introduced a flexible rewards system in 2019, allowing cardholders to choose and adjust their preferred rewards categories quarterly, thus personalising benefits to fit evolving lifestyle needs. Moreover, the average spending per Lady’s Credit Card user increased by over 50%.

Credit Cards

PYMNTS

DECEMBER 30, 2020

With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. To create a good customer experience, merchants need to adjust their checkout experience to match the specific needs and requests of that market. The Rise of the Marketplace.

B2B

PYMNTS

MAY 1, 2020

With its walk-in business taking a large negative hit due to the coronavirus pandemic and stay-at-home orders, MoneyGram reported 57 percent digital transaction growth for the first quarter of 2020. million and diluted adjusted loss per common share of 5 cents compared to analyst estimates of $292.7 million and 5 cents.

Transactions

The Fintech Times

SEPTEMBER 23, 2024

The Credit Where It’s Due: Trade Credit and Digitisation Report shows a significant jump in the number of suppliers offering repayment terms longer than 60 days – from seven per cent in 2020 to 17 per cent in 2024. This rise comes as more businesses demand greater payment flexibility from suppliers.

B2B

PYMNTS

OCTOBER 23, 2020

in diluted losses per common share after excluding adjusting items on net revenues of $7.4 22) announced net income for the third quarter of 2020 of $2.4 per diluted common share in the second quarter of 2020, and with net income of $1.3 Excluding adjusting items, net income for the third quarter of 2020 was $5.05

Adjustments

PYMNTS

FEBRUARY 13, 2020

In terms of headline numbers, adjusted earnings per share came in at $1.57, three pennies better than expected. The company has increased its 2020 cost synergy target to $600 million. As a result, he said the company is increasing its revenue synergy targets to $200 million exiting 2020, and $550 million exiting 2022.

On-Demand

PYMNTS

NOVEMBER 11, 2020

30, 2020, Lemonade reported a net loss of $30.9 Adjusted EBITDA for the 2020 quarter was a loss of $27.6 Looking forward, Lemonade said it sees fourth-quarter 2020 revenue coming in between $18 million and $19 million, with an adjusted EBITDA loss of $34 million to $32 million. For the quarter ended Sept.

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