--- title: "Inside the Quiet Overhaul of US Financial Services and Payments" type: "News" locale: "en" url: "https://longbridge.com/en/news/296906164.md" description: "A major shakeup is quietly underway in US financial services. From Nasdaq's push for 24-hour trading to Schwab's massive asset influx, the sector is bracing for structural shifts later this year." datetime: "2026-08-25T11:33:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296906164.md) - [en](https://longbridge.com/en/news/296906164.md) - [zh-HK](https://longbridge.com/zh-HK/news/296906164.md) generator: "portal-rs" --- # Inside the Quiet Overhaul of US Financial Services and Payments A sweeping realignment is taking place across the US financial services and payments sector, marking the most significant overhaul the industry has seen in recent months. I’m told that following a mixed bag of second-quarter earnings in 2026, executives are now aggressively pivoting toward technological expansion and strategic acquisitions. According to people familiar with the matter, Wall Street is quietly laying the groundwork for round-the-clock trading and modernized core banking platforms. ### Charles Schwab (SCHW.US) Shares of Charles Schwab have been on an upward trajectory over the past few weeks. The brokerage is riding a massive wave of inflows, with core net new assets jumping 24% year-over-year in July 2026 to a record USD 58.1 billion, pushing total client assets past USD 13 trillion. I understand that after posting a robust USD 7.1 billion in net revenue for Q2, the company is also looking to scale its global footprint. Internal plans suggest Schwab is targeting an expansion of its India capability center to roughly 2,000 employees by late 2027. This comes alongside a push to offer retail traders more flexibility via newly launched single-stock futures. ### Nasdaq (NDAQ.US) Nasdaq is nearing a critical juncture in its transformation into a global tech powerhouse. I’m told that the exchange operator is heavily focused on an ambitious plan to extend US equities trading to nearly 23 hours a day. To support this "always-on" strategy, Nasdaq recently struck a definitive agreement in August 2026 to acquire LeveL Markets, a leading alternative trading system. The shift away from pure transaction fees is paying off: Q2 net revenue, excluding transaction-based expenses, rose 14.9% to USD 1.5 billion. ### Fiserv (FISV.US) It’s been a turbulent stretch for the payments tech provider Fiserv. While the company secured a major win in August 2026 by partnering with Flagstar Bank—which chose the cloud-native Finxact platform—financials have been under pressure. Q2 GAAP revenue dipped 4% to USD 5.29 billion, and the firm subsequently lowered its full-year guidance for 2026. According to people familiar with the matter, activist investor Jana Partners has grown restless, slashing its stake in Fiserv by roughly 17% during the second quarter. ### Chubb (CB.US) The insurance giant Chubb remains a steady anchor in the broader financial space. The firm reported strong Q2 2026 metrics, with core operating income climbing 18.2% and consolidated net premiums written hitting USD 14.7 billion. I’m told the company is doubling down on high-net-worth clients, rolling out comprehensive solutions like Masterpiece in Spain and Portugal earlier this year. A series of leadership shakeups, including a new head of major accounts for the UK and Ireland appointed in August, suggests an active internal realignment to capture European market share. ### Also - **AdvisorShares MSOS 2x Daily ETF (MSOX.US)**: This actively managed cannabis-focused ETF has seen ongoing operational tweaks, including a NAV restatement earlier this year, against the backdrop of federal rescheduling developments in 2026. *This article does not constitute investment advice.* ### Related Stocks - [SCHW.US](https://longbridge.com/en/quote/SCHW.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [FISV.US](https://longbridge.com/en/quote/FISV.US.md) - [CB.US](https://longbridge.com/en/quote/CB.US.md) ## Related News & Research - [NWF Advisory Services Inc. Grows Position in Chubb Limited $CB](https://longbridge.com/en/news/298021978.md) - [Nasdaq completes acquisition of AI due diligence platform Dasseti](https://longbridge.com/en/news/297782568.md) - [Crypto firms urge SEC to speed ETF reviews and allow confidential draft filings](https://longbridge.com/en/news/298031606.md) - [Insurers Are Buying Back More Stock as Pricing Softens](https://longbridge.com/en/news/297859201.md) - [Nasdaq Verafin partners with Q6 Cyber to add dark web fraud intelligence to bank platform](https://longbridge.com/en/news/297182081.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**