Dafinchi AI

SoFi Technologies, Inc.

SOFI

Financial Services

3w

Introduction of Blockchain-Enabled International Money Transfers

Announced the launch of self-serve international money transfers using blockchain technology, enabling members to transfer funds to dozens of countries with faster speeds and lower costs.
Transfers will be automated within the SoFi app, taking under a minute, with full transparency on exchange rates and fees, available 24/7.
Potential future deployment of this service internationally for cross-border payments from non-U.S. countries to the U.S.

Fidelity National Information Services, Inc.

FIS

Financial Services

2w

Strategic Acquisition of Global Payments Issuer Business and Sale of Worldpay Stake

Announced in April, the acquisition of Global Payments Issuer business received U.S. regulatory clearance and is on schedule for international approval processes.
The acquisition adds best-in-class credit issuing solutions, creating cross-sell opportunities and strengthening FIS's position in banking and payments.
Sale of minority Worldpay stake aligns with operational simplification and improves financial profile and free cash flow.
Expected contribution of the acquisition is approximately $20 million in full-year revenue, with a focus on international expansion and product integration.

Franklin Resources, Inc.

BEN

Financial Services

2w

Franklin Templeton's Strategic Focus on Digital Blockchain and Tokenization

Franklin Templeton has been pioneering in blockchain technology since 2018, with a patent on their digital wallet.
Launched the intraday yield feature on the tokenized money market fund Benji in 2025, enabling real-time yield updates and collateral use.
Blockchain's capabilities include ownership verification, executing smart contracts, and facilitating payments, which could disintermediate traditional financial 'toll takers' and reduce transaction costs.
The firm believes blockchain will fundamentally change financial system rails, enabling more efficient, transparent, and accessible investment services.
Active conversations with international and U.S. distributors about white-labeling their blockchain infrastructure, especially following regulatory clarity from the Gensler Act.

WEX

Financial Services

3w

Strategic Customer Wins and Market Positioning

WEX secured several meaningful customer wins in Q2, including BP, UAW Retiree Medical Benefits Trust, and a large new corporate payments customer.
The BP deal involves a long-term agreement to serve BP's U.S. business, with phased implementation starting in Q4 2023 and portfolio conversion expected in 2026.
These wins highlight WEX's industry-leading capabilities and reinforce its position as a trusted brand in fleet and corporate payments.

Federated Hermes, Inc.

FHI

Financial Services

2w

Innovative Tokenized Money Market Funds and Digital Asset Infrastructure

Federated Hermes is actively developing tokenized money market funds, exemplified by the Superstate Short Duration U.S. Government Securities Fund with assets of about $425 million.
Participation in a collaborative blockchain initiative between Bank of New York and Goldman Sachs aims to use blockchain technology to record ownership of money market funds, enhancing transferability.
Management views tokenized money funds as an incremental evolution, not a disruptive threat, emphasizing their potential for improved distribution and transferability.
The firm is exploring various innovations, including tokenized share classes and fully digitized assets, to expand the utility of money market funds.
The impact of tokenization on industry size is uncertain, but management sees it as an additional distribution channel and collateral management tool, with potential for growth as the ecosystem matures.

Payoneer Global Inc.

PAYO

Financial Services

1w

Payoneer's Strategic Focus on Cross-Border Commerce and Digital Finance Innovation

Q2 revenue ex interest income reached a record $202 million, up 16% YoY, driven by high-value product adoption and pricing strategies.
Adjusted EBITDA of $66 million with a 25% margin demonstrates operational leverage and profitability, with guidance to more than triple EBITDA ex interest income in 2025.
Payoneer is investing in new markets, partnerships (e.g., Stripe), and technology hubs (e.g., Gurgaon, India) to enhance its platform and support long-term growth.

Byline Bancorp, Inc.

BY

Financial Services

3w

Successful Integration of First Security Acquisition and System Upgrade

Completed the acquisition of First Security, adding $280 million in deposits and $153 million in loans.
System conversion and integration finalized by end of April, with all related costs included in expenses.
The transaction enhanced commercial relationships and contributed to loan and deposit growth.

Business First Bancshares, Inc.

BFST

Financial Services

3w

Successful Core System Conversion to IPS Platform

The bank completed a major core processing system upgrade to IPS (FIS large bank platform) over Memorial Day weekend, involving thousands of man-hours.
The conversion positions the bank for more efficient processing, supporting future organic growth and potential inorganic expansion.
Management emphasized the strategic importance of the new system in enabling more aggressive M&A activity and operational efficiency improvements.
Initial feedback on the new platform is still being gathered, with management noting it will take time for staff and clients to adapt.

V

Financial Services

3w

Visa's Strategic Focus on AI and Stablecoins for Future Payments

Visa is advancing its product development in AI and stablecoins, with a product drop in April showcasing new capabilities.
Visa Intelligent Commerce enables consumers to shop with AI agents, with over 30 partners testing in sandbox and plans for live transaction pilots later this year.
The company sees stablecoins as a solution for emerging markets with volatile fiat currencies and for cross-border money movement, with deployment of stablecoin-linked cards in multiple markets including Africa and Latin America.
Visa has expanded its stablecoin capabilities by adding euro-backed stablecoin EURC and partnering with Paxos for USDG and PYUSD, supporting multiple blockchains and currencies for settlement.