Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a week, in the climate-controlled information technology wing of Fort Worth City Hall.
Barclaycard is rebranding as Barclays in the US and launching a digital only bank in 2018; they have been testing the market since last year and plan to fully launch their offering next year; Barclays is more of a household name in the UK but has been offering credit card services under the Barclaycard name in the US. Source.
After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? Google’s Ulku Rowe on how innovative financial services...
The use of BNPL services has exploded over the past few years, and only now are we beginning to learn the impact of that boom.
Viva Republica is the operator of Toss; firm has announced a $48 million funding round for the payment app from PayPal, Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures; Toss has reported significant market share in Korea with over six million app downloads and payment transactions of over $3 billion; Viva Republica has also partnered with 18 of Korea's 19 major banks and now provides payment services to 98% of Korea's banking customers; for PayPal the investment builds out its payment services portfolio which includes mobile payment processor Venmo. Source
US fintech Square reported $16.4 billion in gross payment volume, a 32% gain from 2Q16, as the company attracted larger sellers and increased product usage through cross selling; revenue was $552 million, increasing 26% from 2Q16; earnings per share were $0.07, increasing from $0.02 in 2Q16; the firm's lending business, Square Capital, reported a 68% year over year increase in loan volume for the quarter. Source
In his weekly column in Forbes Ron Shevlin of Cornerstone Advisors digs into the Apple Card with research done by...
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CEO Corbett: “One of the reasons behind the opportunity to move into small business lending is the major banks pulling...
According to Tony Moroney, Managing Partner at Beta Digital, 12 percent of UK residents switched to digital banking between March...
J.D. Power is out with their most recent Small Business Banking Satisfaction Study and small businesses are still dissatisfied with banks; the biggest issue that could increase positive interaction with small businesses and banks is more account representatives; having someone available to speak to SMBs and help them is something that is sorely lacking; banks have seen market share go to fintechs and digital banks in recent years so better serving this key customer group is something the banks need to recognize. Source.