FINV Stock Recent News

SHANGHAI , July 2, 2024 /PRNewswire/ -- Deepfake technology, an artificial intelligence tool capable of generating convincingly fake audio and video, is increasingly being used to perpetrate financial crimes worldwide, raising serious concerns about sophisticated fraud. In a notable incident reported by CNN earlier this year, a finance worker was tricked into transferring $25 million during a video call with an individual posing as the company's chief financial officer (CFO), who was actually a deepfake.

SHANGHAI , June 24, 2024 /PRNewswire/ -- FinVolution Group, a leading fintech company, has been awarded the "Best Consumer Lending Technology Implementation in China" alongside CITIC Consumer Finance at the Asian Banker China Awards 2024. This award acknowledges FinVolution's dedication to providing innovative technology to financial institution partners.

SHANGHAI , June 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial subsidiaries Wefund Lending Corporation and Lightning Financing Company entered into a loan facilitation agreement totaling 2.75 billion Peso (US$47.5 million) with Maya Bank, a pioneering digital bank dedicated to empowering the experience of its consumers and enterprise clients, and improve credit accessibility for the unbanked and underserved communities in the Philippines. JuanHand, an online lending platform with around 6 million registered users under Wefund Lending Corporation emerged as the preferred online platform for tech-empowered cash lending and other financial solutions among Filipinos.

FinVolution Group is estimated to offer a potential shareholder yield in the teens for fiscal 2024, considering analyst consensus dividend projections and the company's annualized share repurchases. However, I am concerned that FinVolution Group's actual FY 2024 bottom-line performance could be weaker-than-expected due to asset quality issues and elevated marketing investments. I have decided to stick with a Hold rating for FinVolution after assessing its shareholder capital return and its earnings risk factors.

FinVolution Group (NYSE:FINV ) Q1 2024 Earnings Conference Call May 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of Investor Relations Tiezheng Li - Vice Chairman, President and Chief Executive Officer Jiayuan Xu - Chief Financial Officer Conference Call Participants Yada Li - CICC Thomas Chong - Jefferies Alex Ye - UBS Hannah Han - Nomura Operator Ladies and gentlemen, hello and thank you for participating in the First Quarter 2024 Earnings Conference Call for FinVolution Group. At this time, all participants are in listen-only mode.

-First Quarter China Transaction Volume reached RMB46.1 billion, up 10.3% year-over-year--First Quarter International Transaction Volume reached RMB2.21 billion, up 40.8% year-over-year--First Quarter International Revenues increased to RMB594.8 million, up 32.9% year-over-year and contributing 18.8% of total net revenues- SHANGHAI , May 15, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. For the Three Months Ended/As of YoY Change March  31, 202 3 March  31, 202 4 Total Transaction Volume (RMB in billions) [1] 43.4 48.3 11.3 % Transaction Volume (China's Mainland)[2] 41.8 46.1 10.3 % Transaction Volume (International)[3] 1.57 2.21 40.8 % Total Outstanding Loan Balance (RMB in billions) 62.3 65.3 4.8 % Outstanding Loan Balance (China's Mainland)[4] 61.3 64.0 4.4 % Outstanding Loan Balance (International)[5] 0.95 1.27 33.

-Earnings Call Scheduled for 8:30 p .m. ET on May 15, 2024- SHANGHAI , May 8, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its first quarter 2024 unaudited financial results, on Wednesday, May 15, 2024, after the close of U.S. markets.

FinVolution Group (FINV) Q4 2023 Earnings Call Transcript

FinVolution Group's earnings fell in fiscal 2022, but the company is expected to return to growth in fiscal 2023. The company's earnings yield and return on capital point to a strong investment case. The technicals of FINV stock have not been responding, but improvements in operations and international markets could lead to significant gains.

-Earnings Call Scheduled for 7:30 p .m. ET on November 20, 2023- SHANGHAI , Nov. 8, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its third quarter 2023 unaudited financial results, on Monday, November 20, 2023, after the close of U.S. markets.