Marcel van Oost’s Post

🤯 JPMorgan Chase & Co. reported record profit as investment bankers and equities traders at the biggest US bank smashed expectations and the firm took a multibillion-dollar gain tied to a Visa share exchange. Fees from investment banking soared past analysts’ estimates, jumping 50%, while the firm’s equity traders notched a 21% revenue jump. The Visa transaction added $7.9 billion to second-quarter profit. CEO Jamie Dimon : “The Firm performed well in the second quarter, generating net income of $13.1 billion and a ROTCE of 20% after excluding a net gain on our Visa shares, a contribution to the Firm’s Foundation and discretionary securities losses.” Other 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 from the earnings release: ▶ Adj EPS $4.40 vs exp $4.28 ▶ Net Revenue (managed) $51B vs exp $50.21B (+20% YoY) ▶ Total Deposits $2.40T 🆚 vs exp $2.43T ▶ NII $22.86B 🆚 vs exp $22.82B (+4% YoY) ▶ Investment Banking Revenues $2.46B 🆚 vs exp $2.13B (+50% YoY) ▶ Net Income $18B (+25% YoY) ▶ # 1 ranking for Global Investment Banking fees with 9.5% wallet share YTD ▶ Markets revenue +10%, FICC +5% and Equity +21% Read the complete report below for more info 👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

A lot is written about Save Now, Buy Later (SNBL) lately. But what is SNBL, and why is it causing such a stir across consumers, retailers, and FinTechs alike? Let's delve into this concept: I found this interesting piece from Sami Alkahlout I like to share with you: 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗦𝗡𝗕𝗟: SNBL is more than a payment option; it's a lifestyle choice. Picture this: You see something you desire, set a savings goal for it, save incrementally, and then decide whether to buy, all while enjoying incentives or discounts along the way 𝗙𝗼𝗿 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿𝘀 - 𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗺𝗲𝗻𝘁 & 𝗥𝗲𝘄𝗮𝗿𝗱𝘀: ‣ Control & Flexibility: Save at your pace; buy when you're ready. ‣ Financial Education: Learn to save responsibly. ‣ No Debt, No Worry: Enjoy the thrill of shopping without financial stress. 𝗙𝗼𝗿 𝗥𝗲𝘁𝗮𝗶𝗹𝗲𝗿𝘀 - 𝗚𝗿𝗼𝘄𝘁𝗵 & 𝗟𝗼𝘆𝗮𝗹𝘁𝘆: ‣ Turning Desires into Sales: Convert wish lists into actual purchases. ‣ Enhancing Customer Relationship: Understand customers' preferences and offer personalized experiences. ‣ Predictable Cash Flow: Gain better control over inventory and future income. 𝗙𝗼𝗿 𝗙𝗶𝗻𝗧𝗲𝗰𝗵 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 - 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 & 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: ‣ Deep Customer Engagement: Forge trust through personalized saving plans. ‣ Leveraging Data Insights: Create customized products and marketing strategies. ‣ New Revenue Streams: Partner with retailers to earn a percentage from sales. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗺𝗽𝗮𝗰𝘁 & 𝗘𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻: SNBL is more than a trend; it's a reflection of a global shift towards conscious consumption and financial literacy. It started as an alternative to Buy Now, Pay Later (BNPL), encouraging saving over spending, and has evolved into a multifaceted financial tool. 𝗥𝗶𝘀𝗸𝘀 & 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀: Like any financial innovation, SNBL requires careful implementation. Fintech providers must: ‣ Protect Users' Funds: Ensure savings are secure. ‣ Offer Reasonable Spending Caps: Align with users' financial capabilities. ‣ Avoid Unethical Upselling: Maintain transparency and ethics. I recommend following Sami for more great content like this! #paytech #payments #digitalpayments #buynowpaylater #bnpl #snpl #fintech #fintechindustry #financialtechnology

What is a SWIFT Payment? And how long do SWIFT Payments take? Let’s dive in: Despite the large number of cross-border payments being made daily, many people use SWIFT payments without fully understanding how it works and who is involved. A SWIFT payment, also commonly known as a SWIFT transfer, is a form of international money transfer facilitated by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). It involves a message containing payment instructions sent from one bank to another. These banks can be in different countries, and the payment typically follows a secure and standardized process. Not all SWIFT payments are simple one-to-one transactions; sometimes, intermediary or correspondent banks may also be involved, which can affect both the time and cost associated with the transfer. This interaction between banks largely determines the efficiency of the payment process. Breakdown of Key Participants: The Payer: The individual or entity initiating the payment. Payer's Bank: The bank from which the payment originates. The Receiver: The person or company receiving the funds. Receiver's Bank: The bank where the funds are deposited. Plus, Correspondent Banks or Intermediary banks play a significant role. They act as middlemen, helping to move funds between banks from different countries or dealing with different currencies. For smooth and safe communication between banks, the SWIFT system uses specific messages: ► MT103: A message from the payer’s bank to the receiver's bank. ► MT202: A message that goes from the payer’s bank to intermediary banks, ensuring funds reach the right destination. ► MT910: A confirmation message indicating a successful credit transfer. Statrys analysis of 500 SWIFT payments reveals that the average processing time was: 20 hours, 7 minutes, and 30 seconds. Diving deeper into the payment processing durations segmented by currency: 💵 USD payments showcased an average processing time of 16 hours, 55 minutes, and 21 seconds. 💷 GBP transactions were quicker, averaging 5 hours, 54 minutes, and 41 seconds. 💶 Payments in Euros demonstrated the most prolonged average duration of 22 hours, 32 minutes, and 18 seconds. Of the studied payments, 368 involved at least one intermediary bank. On average, SWIFT payment involves 1.32 intermediaries, peaking at 4 for some. Interestingly, they discovered that payments involving intermediaries did not necessarily take longer to process. I highly recommend reading the complete deep dive article by Bertrand Theaud for more info and stats: https://lnkd.in/ecvbwuXB Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

Mis 5 principales actualizaciones de noticias FinTech que no querrás perderte: ¿Me perdí alguna actualización? ¡Déjala en los comentarios!👇 1️⃣- Open Payment Technologies Lanza la Billetera Digital "Kuady" 2️⃣- Yuno se une a Endeavor Colombia. 3️⃣- eBay Seller Capital y Liberis se asocian para acelerar el crecimiento de las pequeñas empresas. 4️⃣- La red RTP® tiene un día de mil millones de dólares. 5️⃣- Apple y la UE resuelven una investigación de pagos móviles de larga duración. Lee el boletín completo para obtener más actualizaciones de noticias, análisis y el mejor #fintechreport a continuación👇 Este boletín también incluye: Lorenzo Pellegrino, Juan Pablo Ortega, Julián Núñez, Fairlo, Fintech Sandbox, Lulo X, Alchemy Pay, Payzli, Netbank, Dragonpay Corporation, Antoine Le Nel, Fiona Davies, MoonPay, Inter, Alexandre Riccio de Oliveira,Now, Belvo, MoneyLion, Kraken Digital Asset Exchange, Club Atlético de Madrid, Genstar Capital, AffiniPay, y más ¿Te resultó útil? [ 𝗰𝗼𝗺𝗽𝗮𝗿𝘁𝗲 ] ¿Algo más que añadir sobre este tema? [ 𝘁𝗲 𝗶𝗻𝘃𝗶𝘁𝗼 𝗮 𝗰𝗼𝗺𝗲𝗻𝘁𝗮𝗿 ] ¡Buena historia, Marcel! ¡Siguiente! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #payments #paytech #digitalpayments #openbanking #blockchain #bankingtech #digitalbanking #neobank #challengerbank #digitalbank #openfinance #fintechnews 

Nubank has surpassed PayPal to become one of the world's most valuable FinTechs. Currently, Nubank is valued at $62.9 billion, while PayPal is valued at $61.6 billion 🤯 It's worth noting that Nubank is still a regional player, whereas PayPal operates globally. Nubank's plans are ambitious. Beyond aiming to become the "big tech of the financial market," its expansion beyond Latin America is becoming more prominent on the radar. Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

PayPal, once the disruptor in digital payments, finds itself in a transition year, grappling with slowing growth and declining active accounts. Despite beating earnings estimates in the last two quarters, the company lowered its full-year 2024 guidance, signaling a challenging road ahead. 𝗞𝗲𝘆 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 in Q1 2024: ► Total Payment Volume (TPV) grew 14% Y/Y in constant currency. ► Revenue grew 9% Y/Y to $7.7 billion ($180 million beat). ► Non-GAAP EPS grew 20% to $1.40 ($0.18 beat). ► In Q1 2024, PayPal’s transaction margin declined to 45.0%, compared to 47.1% in Q1 2023 and 45.8% in Q4 2023. ► PayPal’s international TPV is up 17% YoY on a FX-neutral basis, international revenue is up 14% YoY on a FX-neutral basis. ► Q1'24 GAAP EPS increased 18% to $0.83; non-GAAP EPS increased 27% to $1.08. Challenges and Opportunities: 𝗗𝘄𝗶𝗻𝗱𝗹𝗶𝗻𝗴 𝗔𝗰𝘁𝗶𝘃𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁: While TPV remains robust, the decline in active accounts indicates potential challenges in attracting new users and maintaining engagement. To address this, PayPal focuses on expanding its user base through strategic partnerships, such as its recent collaboration with Apple to enable Apple Pay users to link their PayPal and Venmo accounts for online purchases. If you can’t beat them, join them. 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗣𝗿𝗲𝘀𝘀𝘂𝗿𝗲: The rise of Big Tech payment solutions like Apple Pay and Google Pay is putting pressure on PayPal's core checkout business, especially among younger demographics. 𝗥𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗶𝗻𝗴: PayPal is undergoing a significant restructuring, including layoffs and leadership changes, to streamline operations and improve profitability in the face of slowing growth. 𝗡𝗲𝘄 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲𝘀: The company is investing in new initiatives like an AI-powered personalized advertising platform and focusing on strengthening relationships with small business customers. However, the success of these initiatives remains to be seen. I highly recommend reading the complete source article by App Economy Insights for more interesting info and stats: https://lnkd.in/eDvG-pyR Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

🚨Revolut has just filed a change of share class document with companies house. This could be the merging of all classes to one ordinary stock type as stipulated by the BoE as a hurdle to obtain the Banking License. Sources: https://lnkd.in/ebHJir-X & https://lnkd.in/e79tFuMZ More info to follow once the document becomes available… Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

My top 5 FinTech News Updates you don't want to miss today: Did I miss an update? Drop it in the comments👇 1️⃣- Open Payment Technologies Unveils "Kuady" Digital Wallet 2️⃣- Yuno joins Endeavor Colombia. 3️⃣- eBay Seller Capital and Liberis partner to accelerate small business growth. 4️⃣- RTP® Network has billion dollar day. 5️⃣- Apple, EU settle long-running mobile-payments probe. Read the complete newsletter for more news updates, insights and the best #fintechreport below👇 This newsletter also includes: Lorenzo Pellegrino, Juan Pablo Ortega, Julián Núñez, Fairlo, Fintech Sandbox, Lulo X, Alchemy Pay, Payzli, Netbank, Dragonpay Corporation, Antoine Le Nel, Fiona Davies, MoonPay, Inter, Alexandre Riccio de Oliveira,Now, Belvo, MoneyLion, Kraken Digital Asset Exchange, Club Atlético de Madrid, Genstar Capital, AffiniPay, and more! Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #payments #paytech #digitalpayments #openbanking #blockchain #bankingtech #digitalbanking #neobank #challengerbank #digitalbank #openfinance #fintechnews 

Here are the latest Payments News Updates you don't want to miss today: Did I miss an update? Drop it in the comments👇 1️⃣- Yuno joins Endeavor Colombia. 2️⃣- Netbank has deployed its Virtual Collection Accounts Solution for Dragonpay Corporation. 3️⃣- Private equity firm Genstar Capital is in advanced talks to buy a significant stake in AffiniPay. 4️⃣- Payzli is working with Visa to offer Payzli POS on the Visa Acceptance Platform. 5️⃣- Alchemy Pay, the fiat-payment gateway, now supports cash payments on its On-ramp service for Taiwan users. 6️⃣ - RTP® Network has billion dollar day. 7️⃣ - Crypto payment service Payeer hit with record $10M fine in Lithuania. 8️⃣ - Crypto payments company MoonPay is expanding in the UK. 9️⃣ - UK-based FinTech Adfin wants to fix bill payments for sole traders and small companies. 1️⃣ 0️⃣ - OpenPayd, announces its clients can now send and receive payments via Pix, the Brazilian real-time payment network. Read the complete newsletter for more news updates and insights, and to get the most important Payments news and analysis from around the world! This newsletter also includes: Hua Li and more! Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #paymentsolutions #paymentservices #paymentindustry #paymentprocessing #digitalpayments #onlinepayments #fintech #financialtechnology #fintechindustry

Mis 2 principales actualizaciones de noticias FinTech que no querrás perderte: ¿Me perdí alguna actualización? ¡Déjala en los comentarios!👇 1️⃣- El inversor de Revolut y Wise, Index Ventures, recauda $2.3 mil millones 2️⃣- La startup de cumplimiento Niva recauda $3.3 millones. Lee el boletín completo para obtener más actualizaciones de noticias, análisis y el mejor #fintechreport a continuación👇 Este boletín también incluye: Mangopay, Mark Fleming, Thunes, Vita Wallet, Sicredi, enza, TerraPay, payabl., Esfira Zakas, BUX, Nontya Mtshaulana, Fave, BR-DGE, N26, Argent, Kulipa, Canoe Intelligence, y más ¿Te resultó útil? [ 𝗰𝗼𝗺𝗽𝗮𝗿𝘁𝗲 ] ¿Algo más que añadir sobre este tema? [ 𝘁𝗲 𝗶𝗻𝘃𝗶𝘁𝗼 𝗮 𝗰𝗼𝗺𝗲𝗻𝘁𝗮𝗿 ] ¡Buena historia, Marcel! ¡Siguiente! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #payments #paytech #digitalpayments #openbanking #blockchain #bankingtech #digitalbanking #neobank #challengerbank #digitalbank #openfinance #fintechnews