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United Kingdom

Anna Irrera

Most cryptocurrency offerings trading below listing price - report

19 Oct 2018

NEW YORK Almost a third of all cryptocurrencies that were financed through online fundraisers last year have lost "substantially all value," while the vast majority are trading below their listing price, according to an Ernst & Young report published on Friday.

Most cryptocurrency offerings trading below listing price -report

19 Oct 2018

NEW YORK, Oct 19 Almost a third of all cryptocurrencies that were financed through online fundraisers last year have lost "substantially all value," while the vast majority are trading below their listing price, according to an Ernst & Young report published on Friday.

PayPal quarterly profit beats estimates, shares rise

18 Oct 2018

NEW YORK PayPal Holdings Inc on Thursday reported a third-quarter profit that beat analysts' estimates as the company signed up more new customers and volume of payments processed rose.

OnDeck launches new subsidiary to partner with banks

17 Oct 2018

NEW YORK OnDeck Capital Inc has set up a subsidiary that will provide technology and other services to banks looking to lend to small businesses online, it said on Tuesday.

Fintech making inroads, but U.S. bank revenues little changed: report

17 Oct 2018

NEW YORK Financial technology startups and other new entrants are making inroads in the U.S. banking market, but have yet to capture a threatening share of bank revenues, according to research published by Accenture Plc on Wednesday.

Fidelity launches new company for trading and storing cryptocurrencies

15 Oct 2018

NEW YORK Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin, the asset manager said on Monday.

Ex-SoFi CEO Cagney's startup debuts digital home equity loans

09 Oct 2018

NEW YORK Figure Technologies Inc, the startup founded by online student lender Social Finance Inc's (SoFi) former chief executive, Mike Cagney, said on Tuesday it has launched a digitally processed home equity loan that can cut approval time to five minutes.

Square pushes into consumer lending with installment payments service

04 Oct 2018

NEW YORK Square Inc , the payments company founded by Twitter Inc Chief Executive Jack Dorsey, has launched a new service that enables customers of its small-business clients to pay for purchases in installments, the company said on Thursday.

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