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Xspaced launches virtual banking that makes rent payments easier for tenants
Nov 10,2021
Xspaced, a fintech firm that provides landlords and tenants with flexible rent payment tools, announced Wednesday the launch of virtual bank accounts for tenants.  Recommends Virtual Banking for tenants enables Xspaced's FlexRent tool, which a...
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Fiverr beats Wall Street estimates, brings in $74.3 million in Q3
Nov 10,2021
Freelancer platform Fiverr released its Q3 figures on Wednesday, showing a 42% year-over-year revenue growth.  Finance Inflation is about to change grocery shopping for good The 5 best high-yield savings accounts: Not your standard savi...
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Coinbase posts "strong" but lower-than-expected Q3 earnings with profits up nearly 400% from last year
Nov 09,2021
Coinbase Global reported "strong" but lower-than-expected third-quarter financial results Tuesday. The Wilmington, Del.-based trading platform for Bitcoin and other cryptocurrencies reported a non-GAAP net profit of$406 million, or$1.62 per share, up...
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NAB profit soars above $6b for FY21 as investment in digital continues to pay off
Nov 08,2021
National Australia Bank (NAB) has posted net profit of AU$6.36 billion for the 2021 full year, more than doubling what it recorded last financial year. Full-year cash earnings came in nearly 39% higher than last year to AU$6.56 billion. Meanwhile, in...
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Insurance AI company Lemonade acquires Metromile to boost automotive offering
Nov 08,2021
Lemonade Lemonade, the AI-powered insurance company, announced Monday that it's acquiring Metromile for the proprietary data and machine learning algorithms behind Metromile's personalized auto insurance offerings. Lemonade will acquire M...
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PayPal adds 13.3 million new accounts in Q3, reports revenue of $6.18 billion
Nov 08,2021
PayPal delivered strong third quarter financial results, reporting a net revenue of$6.18 billion. The company also reported another quarter of solid user growth, adding 13.3 million net new active accounts during Q3 to bring its total active accounts...
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S&P Global Market Intelligence banking outlook: US fintech firms fetch $7.5 billion in VC funding in Q2
Nov 08,2021
Major fintech players in the US attracted nearly$7.5 billion in venture capital funding across 194 transactions in the second quarter that ended June 30, 2021. This was up nearly 70% from the same period last year, according to S&P Global Market ...
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House infrastructure bill passes with crypto tax provision
Nov 08,2021
In yet another 11th-hour showdown on Capitol Hill Friday, the U.S. House of Representatives approved passage of a$1.2 trillion bipartisan infrastructure bill, which includes a bevy of upgrades to the country's aging infrastructure but also a con...
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BIFROST launches Biport Wallet: Opening a gateway to true multichain DeFi for crypto-users
Nov 08,2021
BIFROST, the first blockchain middleware that enables multichain connectivity, has launched Biport Wallet, a universal passport to the multichain world of decentralized finance (DeFi). Open-source and decentralized, Biport Wallet connects to multiple...
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CommBanks buys stake in H2O.ai to boost AI capabilities
Nov 07,2021
The Commonwealth Bank of Australia (CBA) has announced it has purchased a minority stake in Silicon Valley-based AI firm H2O.ai with the hope it will help the bank tailor the banking experience for customers. While the bank has not disclosed the size...
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Three data integrity challenges Blockchain can help solve
Nov 05,2021
special report Download the Blockchain Guide You can read this executive guide as a PDF (free registration required). Read now Business and technology leaders are under increasing pressure to prove that they're capturing and using data in ...
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Square stock sags: Q3 results miss expectations, Bitcoin growth plummets
Nov 04,2021
Payments pioneer Square this afternoon reported Q3 revenue that missed expectations by a wide margin, profit per share that was a penny shy of expectations, and a dramatic cooling in revenue attributable to Bitcoin. Square said its revenue from Bitco...
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