The FinTech landscape is undoubtedly a mature one these days. But as Chime Financial’s first quarter 2026 earnings call Wednesday (May 6) revealed, that doesn’t mean that firms can’t still achieve scale without abandoning growth, or that both scale and growth are ever risk-free. “We’re...
A decade of grocery data sits under Instacart’s platform, and the company is now turning it into an artificial intelligence system that plans meals, builds your basket and predicts what shoppers forgot. With 1.6 billion lifetime orders and a fulfillment network rooted in physical stores,...
LoanDepot’s investment in digital transformation and other growth and efficiency initiatives delivered positive results in the first quarter, Founder and CEO Anthony Hsieh said Tuesday (May 5). Speaking during the company’s first quarter earnings call, Hsieh said these initiatives helped the company gain market share...
As embedded finance providers race to move beyond standalone debit cards, Marqeta’s latest earnings on May 5 showed how card issuing platforms are being asked to support a broader mix of lending, buy now, pay later (BNPL) and credit-building products on a global scale. CEO...
Fiserv is characterizing 2026 as a transition period amid a drop in revenue. The payments processor on Tuesday (May 5) released earnings showing organic revenue down 4% for the first quarter of the year, with the company’s merchant solutions revenue down 1% and financial solutions...
Shopify is the only platform simultaneously powering selling inside ChatGPT, Microsoft Copilot and Google from one system of record. In the first quarter of 2026, artificial intelligence-driven traffic to Shopify stores grew eight times year over year, according to earnings results. Orders from AI-powered searches...
HSBC took a $400 million expected credit loss (ECL) in the first quarter due to what it called “fraud-related, secondary, securitization exposure with a financial sponsor in the UK” in the bank’s Corporate and Institutional Banking (CIB) business, according to a Tuesday (May 5) earnings...
PayPal’s first-quarter earnings announcement, conference call commentary and guidance Tuesday (May 5) described a company in the midst of an overhaul. Enrique Lores, newly ascended to the CEO role, is moving to reconfigure the network, sharpen the consumer proposition and place artificial intelligence at the...
Earnings from Porch Group and Lemonade show artificial intelligence (AI) moving into core insurance functions, with measurable effects on claims handling, underwriting and distribution. As detailed in results this past week, Lemonade provides one of the clearest examples of AI applied to claims and servicing....