BATH, England, Nov. 1, 2024 /PRNewswire/ — Celebrating a 20-year partnership in 2024, and with donations surpassing the £1.6 million mark, Coinstar® and BBC Children in Need are commemorating these exciting milestones and raising more funds for this year’s Make Life Lighter campaign supporting young lives to be the best they can be. Right now, BBC Children in Need are only able to help 1 in 8 organisations who approach the charity for funding. With 30% of all children in the UK living in poverty, donors’ support matters more than ever.

To celebrate 20 years of partnership, Coinstar’s team of Business Development Manager Sarah Chappell, Field Technician Nick Metcalfe and International Deployment Manager Kevin Parks got involved in the BBC Children in Need 2024 Yorkshire 3-Peaks Challenge this September, walking 24 miles in 12 hours with ascents of 5200ft, and they raised an impressive £2,200 through sponsorship.

Sarah Chappell, Business Development Manager at Coinstar said “It is a privilege to present the £1.6 million to BBC Children in Need and help support their fantastic work across the UK, supporting children and young people to thrive and be the best they can be.

I’d also like to say a massive thank you to every member of the public who has donated their coins for the last 20 years, using a Coinstar kiosk to deposit and count their coins. Your generosity is amazing.

Once again, our kiosks are open for fee-free donations from November 1st right through to December 14th so do find your nearest Coinstar kiosk and donate to BBC Children in Need and help to Make Life Lighter for children across the UK.“

Claire Hoyle, Director of Income, Marketing and Communications at BBC Children in Need said “We’ve been working with Coinstar for an incredible 20 years! Their support, dedication and fundraising activities have allowed us to continue supporting children and young people across the UK and we couldn’t be more grateful. Over the course of the partnership, the generosity of both Coinstar colleagues and customers has been overwhelming. We’re looking forward to working together and changing the lives of young people for many more years to come.“

BBC Children in Need funds people and places across the UK, in the communities where you live, supporting amazing people in family centres, community spaces, youth clubs and refuges; homeless shelters, hospices and helplines in England, Scotland, Wales and Northern Ireland and are currently funding nearly 1,500 projects from Shetland to the Channel Islands. BBC Children in Need projects work tirelessly in every corner of the UK. In 2022/23, BBC Children in Need helped support 340,000 children and young people.

If you have some spare coins, use the kiosk locator at https://coinstar.co.uk/findamachine to find your nearest Coinstar kiosk and make a donation to BBC Children in Need, fee-free from today, and help make life lighter for children and young people across the UK.

About Coinstar
Coinstar® is the global leader in self-service coin counting with 24,000 kiosks in North America, United Kingdom, and Western Europe. More than 900 billion coins have been processed since Coinstar’s inception in the early 1990s. Coinstar is also the leader in self-service coin counting services in the UK, with around 2,000 kiosks across 4 major supermarket partners. Coinstar is upgrading its kiosk portfolio to accept notes, secure card readers and barcode scanners to serve a growing need for essential cash services across the country.

Photo – https://mma.prnewswire.com/media/2540118/Coinstar_BBC_Press_Release.jpg

Logo – https://mma.prnewswire.com/media/2540117/Coinstar_UK_Logo.jpg

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View original content:https://www.prnewswire.co.uk/news-releases/hitting-milestones-coinstar-and-bbc-children-in-need-celebrate-together-with-1-6-million-in-donations-302291893.html

SÃO PAULO, Nov. 1, 2024 /PRNewswire/ —

Highlights

1. The Company announced the extension of Renovias’ term until April 13, 2026. Further details can be found in the regulatory matters section.
2. Record traffic in all platforms, with growths of 4.4% in toll roads, 5.1% in urban mobility, and 8.8% in airports.
3. CCR announced that will start the payment of dividends, totaling R$ 304 million, on November 29, 2024.
4. CCR won the auction for the Sorocabana Route. The fixed grant amount offered was R$1.6 billion.

Consolidated Operational and Financial Highlights

OPERATIONAL AND FINANCIAL HIGHLIGHTS (R$ MM)	3Q23	3Q24	Var.%	9M23	9M24	Var.%
Consolidated Adjusted Net Revenue¹ Advertisement	3,416	3,782	10.7 %	9,745	10,748	10.3 %
Consolidated Adjusted EBITDA¹	2,122	2,190	3.2 % Advertisement	5,853	6,265	7.0 %
Adjusted EBITDA – Toll Roads	1,549	1,621	4.6 %	4,375	4,653	6.4 % Advertisement
Adjusted EBITDA – Mobility	552	571	3.5 %	1,422	1,561	9.8 %
Adjusted EBITDA – Airports	235	274 Advertisement	16.5 %	632	793	25.4 %
Adjusted EBITDA – Others	(214)	(276)	28.8 %	(575)	(742) Advertisement	29.0 %
Consolidated Adjusted EBITDA Margin²	62.1 %	57.9 %	-4.2 p.p.	60.1 %	58.3 %	-1.8 p.p.
Adjusted Net Income¹	502 Advertisement	560	11.7 %	1,022	1,420	38.9 %
Net Debt/LTM Adjusted EBITDA (x)	2.9	3.1	0.2 p.p.	2.9 Advertisement	3.1	0.2 p.p.
Toll Roads – Equivalent Vehicles (million)	300.9	314.0	4.4 %	869.3	909.6	4.6 %
Mobility – Transported Passengers (million) Advertisement	184.3	193.6	5.1 %	529.2	560.6	5.9 %
Airports – Boarded Passengers (million)	4.8	5.2	8.8 % Advertisement	13.5	14.6	8.4 %
CAPEX³	1,331	2,101	57.9 %	4,190	4,982	18.9 % Advertisement

1. Excludes construction revenue and expenses. Adjustments are described in the “non-recurring effects” section in Exhibit I.
2. The Adjusted EBITDA Margin was calculated by dividing Adjusted EBITDA by Adjusted Net Revenue.
3. Includes improvement works that do not generate future economic benefits for ViaOeste.

Videoconference

Conference call in Portuguese with simultaneous translation into English:
November 1st, 2024
10:00 a.m. São Paulo / 09:00 a.m. New York
Videoconference link:
https://grupoccr-br.zoom.us/webinar/register/WN_BwhScwe7RiiCHKDSZ1znTg 

 IR Contacts

Flávia Godoy:     (+55 11) 3048-5900 – [email protected]
Douglas Ribeiro: (+55 11) 3048-5900 – [email protected]
Cauê Cunha:      (+55 11) 3048-5900 – [email protected]
Igor Yamamoto: (+55 11) 3048-5900 – [email protected]
Caique Moraes:  (+55 11) 3048-5900 – [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/ccr—results-for-the-3rd-quarter-of-2024-302293554.html

In the fast-paced world of financial technology, shifts occur daily as companies strive for innovation, customer satisfaction, and enhanced market reach. Today’s briefing covers a spectrum of developments, from Visa Direct’s groundbreaking integration in Korea to challenges plaguing the app economy. We’ll also touch on recent acquisitions, strategic partnerships, and expansions in fintech ecosystems. Here’s what you need to know about today’s most pressing fintech trends.

Visa Direct’s Milestone in South Korea: SentBe’s Card Transfer Service Launch

South Korea’s fintech ecosystem has taken a notable leap forward with SentBe’s implementation of Visa Direct’s Card Transfer Service. This collaboration marks a milestone, positioning SentBe as the first Korean fintech company to offer card-to-card international money transfers, a feature in high demand given the rise in cross-border financial activities. Visa Direct’s real-time card-to-card transfers are a potential game-changer for consumers and businesses alike, facilitating faster and more secure global transactions.

The collaboration exemplifies Visa’s larger strategy of partnering with regional fintech players to broaden its influence across Asia’s dynamic fintech markets. By tapping into SentBe’s growing customer base and extensive user insights, Visa is embedding itself deeper into local markets, simultaneously offering Korean users a more streamlined and efficient money transfer experience.

The service’s design allows individuals and small businesses alike to benefit from quicker transaction processing times, marking a significant evolution from traditional remittance processes that rely on intermediary banks. The move is especially critical in a digital age where customer expectations lean heavily towards instant, seamless financial interactions.

Source: Electronic Payments International

Fintech App ‘Trap’ Enrages Consumers Struggling to Cancel Subscriptions

In the modern subscription-based economy, some fintech companies are facing backlash over what customers perceive as the ‘trap’ of endlessly renewable subscriptions that are nearly impossible to cancel. A recent expose revealed mounting frustrations among consumers who signed up for digital services but later found themselves locked into subscriptions they could not easily terminate. The piece highlights the darker side of user retention strategies deployed by some companies to mitigate churn by making cancellation processes intentionally convoluted.

The app-based economy relies on recurring revenue, which remains a vital lifeline for startups and established firms alike. However, industry insiders argue that lack of transparency and difficult cancellation processes have an adverse impact on customer trust, leading to a growing dissatisfaction that may ultimately backfire on these companies. As consumers grow more savvy, fintechs relying on these practices could risk higher attrition rates, regulatory scrutiny, and brand erosion.

This emerging issue has raised questions about ethical standards and customer-centric models in fintech. As competition intensifies, companies must balance growth with transparent practices that foster customer loyalty, rather than coercion.

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Source: Forbes

Pinwheel and Terafina Partner to Streamline Omnichannel Customer Onboarding

Pinwheel, a fintech infrastructure company known for its payroll and income data connectivity solutions, recently announced a partnership with Terafina, a leader in omnichannel sales and service platforms for financial institutions. This collaboration aims to simplify and enhance the onboarding process for new customers, providing them with seamless experiences across multiple channels, whether online, mobile, or in-branch.

The partnership combines Pinwheel’s data integration capabilities with Terafina’s expertise in customer onboarding, allowing financial institutions to create more personalized and flexible account opening processes. With consumer expectations evolving towards instant service and mobile-first access, this integration empowers banks and credit unions to meet these needs by delivering cohesive and smooth digital onboarding journeys.

In an industry where customer acquisition and retention are increasingly dependent on first impressions, the significance of streamlined onboarding cannot be overstated. By improving access to real-time employment and income data, this partnership enhances user verification and compliance while also allowing institutions to better assess applicants’ creditworthiness, which is crucial in today’s lending environment.

Source: PR Newswire

nCino Acquires FullCircl in $135 Million Deal: Expanding the Scope of Relationship Management

Fintech giant nCino recently completed its acquisition of FullCircl, a move that underscores its ambition to broaden its reach in the financial services sector. FullCircl, known for its focus on customer relationship management (CRM) solutions tailored to financial institutions, brings a robust set of tools that will allow nCino to enhance its cloud-based banking platform. The acquisition, valued at $135 million, positions nCino as a stronger player in the relationship management space, especially crucial for institutions looking to build deep, long-term client relationships.

With this acquisition, nCino aims to expand its footprint in Europe and boost its offerings in the CRM space, providing banks and credit unions with innovative tools for client engagement and retention. The integration of FullCircl’s CRM capabilities will also support nCino’s existing portfolio, which includes loan origination and digital banking solutions, strengthening its position as a one-stop platform for financial institutions.

This acquisition is part of a growing trend of consolidation in the fintech sector, where larger firms acquire specialized players to fill critical service gaps and offer more comprehensive solutions. By building a holistic platform that spans multiple functionalities, nCino is better equipped to compete in the increasingly crowded digital banking software market.

Source: The Paypers

DriveWealth’s European Expansion: A Strategic Base in Lithuania

DriveWealth, a digital brokerage technology firm, has chosen Lithuania as the launchpad for its European operations. By establishing a base within Lithuania’s burgeoning fintech hub, DriveWealth is strategically positioning itself to tap into the European market, leveraging the country’s favorable regulatory environment and proximity to major EU economies.

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The expansion is particularly significant given the increasing demand in Europe for retail investing platforms that provide accessible and affordable market entry. DriveWealth’s solutions enable digital brokers and financial platforms to offer customers fractional shares and real-time trading experiences, which have proven highly popular in markets like the U.S. This move aligns with DriveWealth’s long-term growth strategy and its commitment to democratizing access to investing across the globe.

Lithuania’s supportive regulatory framework and well-developed fintech infrastructure make it an ideal location for DriveWealth’s entry into Europe. The country’s fintech-friendly policies allow innovative financial service providers to set up and scale efficiently. DriveWealth’s presence in Lithuania not only adds to the growing cluster of fintech firms but also reinforces the country’s reputation as a rising fintech powerhouse within the EU.

Source: Finance Magnates

Key Takeaways and Strategic Insights

As seen from today’s top stories, several overarching themes shape the fintech landscape:

1. Global Partnerships and Local Expansion: Visa’s collaboration with SentBe exemplifies how partnerships enable fintech firms to break into regional markets by addressing specific customer needs.
2. Transparency in Subscription Models: The customer backlash against difficult-to-cancel fintech services raises concerns about the sustainability of current subscription models.
3. Innovation in Customer Onboarding: Pinwheel and Terafina’s partnership highlights the importance of streamlined onboarding processes as a means to increase customer satisfaction and improve retention.
4. Mergers and Acquisitions to Fill Service Gaps: nCino’s acquisition of FullCircl illustrates a broader trend of consolidation, where fintech companies acquire specialized players to broaden their product portfolios.
5. Regional Hubs as Strategic Launch Pads: DriveWealth’s decision to establish a base in Lithuania underscores the importance of regional fintech hubs in providing a supportive environment for global expansion.

Today’s roundup underscores the adaptability of fintech companies as they navigate emerging challenges and opportunities. From addressing regional financial needs to innovating customer experience, fintech firms continue to redefine what it means to engage in modern finance. As the industry grows, so too does the necessity for ethical practices, robust infrastructure, and agile customer solutions. In this competitive environment, the companies that prioritize transparency, customer satisfaction, and strategic expansion will set the standard for the future of finance.

The post Fintech Pulse: Your Daily Industry Brief – Breaking Trends and Insights in Fintech appeared first on HIPTHER Alerts.