earnings Archives

TCH leverages AWS to 'significantly reduce' onboarding time

Envestnet data and analytics revenue fell during its fiscal fourth quarter amid rumblings in December of a Yodlee sale. The ...

Nvidia’s data center revenue up 409%

byVaidik Trivedi

February 22, 2024

Chip manufacturing behemoth Nvidia posted record revenue in the fourth quarter as companies across industries look to develop and deploy ...

Lloyds Bank to reduce costs by $1.5B in 2024

byWhitney McDonald

February 22, 2024

Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024. ...

A sign above HSBC Holdings Plc bank branch, that is due to close, in Windsor, UK, on Tuesday, Dec. 6, 2022. HSBC Holdings Plc has announced plans to shutter more than 100 of its UK branches next year as the bank pushes more of its customers to use its online services. Photographer: Jason Alden/Bloomberg

HSBC to boost tech spend in 2024

byWhitney McDonald

February 21, 2024

HSBC plans to increase spending in 2024 as the bank invests in technology and its people. Costs are expected to ...

Barclays drives savings through investments in tech

byVaidik Trivedi

February 20, 2024

Barclays is saving money and improving its customer experience through technology investments. Total operating expenses for its investing banking arm ...

A woman uses an automated teller machine (ATM) at a bank branch of Natwest Group Plc on Queen Street in Cardiff, UK, on Friday, Oct. 28, 2022. UK inflation could soar to 15% or more early next year unless the government sets out further measures to protect households from a jump in energy bills, economists said. Photographer: Hollie Adams/Bloomberg

NatWest saves $315M a year through digitalization

byVaidik Trivedi

February 16, 2024

NatWest is saving on costs and improving the customer journey through technology. “Since 2021, we have delivered run rate savings ...

Affirm tech spend down 32% YoY, revenue up 48%

byVaidik Trivedi

February 9, 2024

Buy now, pay later provider Affirm reduced overall operating expenses for the fourth consecutive quarter as operational efficiency and consumer ...

P2P leader PayPal to redesign mobile app

byVaidik Trivedi

February 8, 2024

PayPal will invest in a new app to launch in 2024 alongside a new strategy to drive engagement with better ...

Deals and Dollars: Billions pour into neobanks, established fintechs

Fiserv payments revenue up 3% to $1.8B

byWhitney McDonald

February 6, 2024

Fiserv saw an increase in payments revenue during the fourth quarter as its financial institution clients looked to join new ...

Earnings roundup: FIs trim headcount, increase tech spend

byVaidik Trivedi

February 5, 2024

Major U.S. banks released fourth-quarter earnings over the past month showcasing that they looked to reduce costs – but not ...

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Tag: earnings

Envestnet data and analytics revenue falls 7% YoY

Nvidia’s data center revenue up 409%

Lloyds Bank to reduce costs by $1.5B in 2024

HSBC to boost tech spend in 2024

Barclays drives savings through investments in tech

NatWest saves $315M a year through digitalization

Affirm tech spend down 32% YoY, revenue up 48%

P2P leader PayPal to redesign mobile app

Fiserv payments revenue up 3% to $1.8B

Earnings roundup: FIs trim headcount, increase tech spend

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