Hundreds of US retail banks to take plunge into Bitcoin trading: Banking tech provider FIS and crypto custodian NYDIG are teaming up with smaller incumbents to offer Bitcoin trading—enabling established banks to compete with challengers like Revolut and Venmo.
Pennyworth unveils beta app for “aspiring-affluent” users: The UK-based neobank, founded by Barclays alumni, is making a play for people who bring in more than £40,000 ($51,294.55) annually by offering both savings accounts and financial planning.
Amazon's virtual care arm Amazon Care just landed its first employer customer—here's why more will follow suit.
Telecoms vs New York: Organizations representing the US’ major telecoms have challenged a New York state law requiring ISPs to provide affordable broadband. The lawsuit could definitively determine whether states can regulate broadband pricing.
The encrypted messaging platform tried to buy ads that highlighted categories Facebook uses to target consumers. The stunt comes at a moment when Signal is differentiating itself on privacy against its Facebook-owned competitor, WhatsApp.
On today's episode, we discuss the highlights from Snapchat's user growth and revenue picture in Q1. We then talk about Snapchat integrating a fashion recommendation company into its app, how social media behaviors have evolved because of the pandemic, and Facebook's latest ad offerings. Tune in to the discussion with eMarketer principal analyst Debra Aho Williamson and forecasting analyst at Insider Intelligence Nazmul Islam.
A paid version of Facebook: The social media giant asks users to enable tracking under Apple's new privacy framework in order to keep its services free of charge.
Amazon's reach: During its first Newfronts presentation, Amazon claims its OTT streaming business and Twitch now reach 120 million monthly viewers.
Wealthsimple has secured $559M in funding at a $3.7B valuation thanks to the success of its retail trading and new crypto and P2P money transfer products. The Canadian fintech should now roll out customized portfolio options to double down on growth.