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By Kylie Madry MEXICO CITY () – Executives of Mexican lender Banorte said on Tuesday it would either sell or fuse year-old fintech Bineo, part of a larger overhaul of the bank’s digital strategy to cut costs and simplify operations. CEO Marcos Ramirez told journalists that Bineo, which lost 289 million pesos ($14.12 million) in…
For the quarter ended March 2025, First American Financial (FAF) reported revenue of $1.58 billion, up 11.1% over the same period last year. EPS came in at $0.84, compared to $0.45 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.53 billion, representing a surprise of +3.21%. The company delivered…
For the quarter ended March 2025, Origin Bancorp (OBK) reported revenue of $94.06 million, up 3.8% over the same period last year. EPS came in at $0.71, compared to $0.73 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $92.75 million, representing a surprise of +1.41%. The company delivered an…
The finance industry is changing speedily due to the combined performance of artificial intelligence and automation technology. This wave of innovation is transforming both workplace performance and decision-making processes. Technology is reshaping existing roles and creating entirely new positions, ones that come with enhanced efficiency to further augment analytics capabilities. With ongoing technological advancements, those…
Staying compliant in banking has always required a delicate balance, and this challenge is becoming even more pronounced recently. With escalating expenses and stricter rules, businesses now face minimal tolerance for mistakes. This situation is notably acute in the UK, where financial institutions are encountering substantial scrutiny. New findings indicate that nearly 40% of financial…