Freedom Holding Reports 40% Revenue Growth In First Quarter

by News Editor

August 12, 2026

Freedom Holding Corp., the parent company of Freedom24, reported a 40% year-on-year increase in total net revenue in the first quarter of fiscal 2027, reaching $732.5 million. The results cover the three months ended June 30, 2026.

Net income fell to $31.7 million, or $0.52 per diluted share, compared with $37.4 million and $0.61 per share a year earlier. Total assets reached $14 billion, up from $13.2 billion at the end of March.

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Brokerage And Banking Lead Growth

The company’s performance was driven primarily by its brokerage and banking businesses. Brokerage revenue increased 60% to $282.6 million, supported by higher fee and commission income and stronger interest income. The number of retail brokerage customers reached 874,000.

Banking revenue rose 54% to $225.2 million, helped by foreign exchange operations, gains on trading securities and higher interest income. The banking customer base grew to 5.4 million from 5 million in the previous quarter.

Customer Base Continues To Expand

Across its banking, brokerage, insurance and other businesses, Freedom Holding had 8.74 million customers at the end of June.

Founder and CEO Timur Turlov said the results reflected continued growth across the company’s businesses, while highlighting the role of its digital fintech strategy and Freedom SuperApp.

Expansion Of The Digital Ecosystem

During the quarter, Freedom Holding expanded its digital ecosystem by acquiring 100% of ChessBase GmbH, a company specialising in chess software, analytics and database solutions.

The group also received an upgrade from S&P Global Ratings, which raised the long-term issuer credit ratings of several Freedom subsidiaries from “B+” to “BB-”, with stable outlooks. The upgrade reflected improvements in financial discipline, risk management and compliance.

The company’s latest results show strong revenue growth, although profitability declined compared with the same period last year.

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Ring Makes New Encryption Standard Default For Cloud-Based Features

by News Editor

August 27, 2026

Amazon’s smart home division Ring is introducing a new encryption standard that will become the default for video protection and user controls, while allowing the company to offer more cloud-based features.

The standard, called TAKE, or “Throw Away the Key Encryption,” is designed to balance privacy with features that can be limited by end-to-end encryption, including video search, descriptions and access for trusted users.

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Temporary Keys Support Cloud Features

Under TAKE, Ring uses rotating encryption keys that are temporarily stored in the cloud and accessible only when needed to provide features activated by users. Once a request is completed, the company says the relevant keys will be deleted within 24 hours.

The system allows Ring to temporarily decrypt and process videos for cloud services such as Smart Alerts, which can notify users when people, vehicles or packages appear in a camera’s view. The company said in a blog post that the encryption key is deleted after the feature has been used.

Amazon’s technical white paper says TAKE was developed using Messaging Layer Security, an open messaging standard created by the Internet Engineering Task Force.

Users Can Still Choose End-To-End Encryption

TAKE will begin rolling out to customers in September and will become the default worldwide. Ring users will still be able to manually select end-to-end encryption instead.

The new system also includes several options for recovering encryption keys. Users who lose access to their device can authenticate by standing near their Ring cameras, while passphrases, cloud backups, another approved device or passkeys can provide alternative recovery methods.

Ring said the approach is intended to preserve access to cloud features without requiring users to give up control of their video encryption keys.

Privacy Concerns Remain

The announcement comes after months of scrutiny over Ring’s use of facial recognition. Its Familiar Faces feature can identify people appearing in camera footage.

In June, a class-action lawsuit accused Amazon of storing images of people passing by Ring cameras without their consent. The introduction of TAKE therefore comes as Ring faces continued questions over how its cameras process and protect personal data.

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