OANDA Japan said it recently deleted accounts that were inactive for over two years and had zero balances. This action affects traders who have not used their accounts for a long time. The broker permanently removed these dormant accounts starting...

The Cyprus Securities and Exchange Commission (CySEC) has warned about 14 websites offering investment services without legal permission under local rules. One of these is a fake site pretending to be the well-known broker Admirals (formerly Admiral Markets). This copycat...

The US Department of Justice (DoJ) is now looking into a security breach at crypto exchange Coinbase (Nasdaq: COIN). The breach involved leaked internal files and details from a small number of customer accounts. It happened after some overseas support...

Deriv, a contracts for differences (CFDs) broker, has named Rakshit Choudhary as its sole Chief Executive Officer following the departure of Jean-Yves Sireau from the leadership team. Previously, Choudhary and Sireau shared the role of co-Chief Executive Officers. Sireau, who...

Sweden has been pushing hard to become a cashless society for several years now, but things took an unexpected turn as the central bank submitted proposals to revert to cash. The central bank now proposed an obligation to accept cash...

Revolut made a new move recently, seeking to expand its operations in the French market. The company is to invest over €1 billion over the next three years, as it prepares to apply for the banking license in the country....

Israeli fintech giant eToro recently established a new subsidiary in France, following in the footsteps of a competitor, XTB. XRB recently expanded into the country, seeking to access its long-term investment market. The two firms’ move confirms the industry-wide shift...

The UK government is finally ready to roll out the new rules for the Buy Now, Pay Later (BNPL) sector, which has been waiting to be regulated for years. The government said the new rules will clamp down on the...

Crypto exchanges are being targeted by a wave of phishing attacks, with Binance and Kraken being the latest ones to experience it. Experts believe that this could be the same wave that previously hit Coinbase, leading to the loss of...

Scotish fintech firm Aveni has announced the launch of the first version of FinLLM, its domain-based large language model for financial services. The language model was developed by the specialist team at Aveni Labs over six months. However, its banking...

London-based fintech firm Revolut has set its eyes on an expansionary move that will see the neobank invest over $1.1 billion in France. The company is planning to apply for a French banking license. President Macron announced this development at the Choose...

Bajaj Finance has upgraded its digital systems by switching to Pennant Technologies’ cloud-based lending platform. The company said it moved from its old loan management system to pennApps Lending Factory, a digital tool built to handle large volumes of loan...

A recent study by Payit, the open banking payment solution from NatWest, revealed that 42% of British businesses are eager to adopt open banking. They believe it offers better security and stronger protection against fraud. The research also showed that...

GIST Impact has partnered with Global Canopy to help financial institutions manage deforestation risks more effectively. The company said the goal is to support banks and investors in understanding how deforestation affects their financial choices, using data tools that improve...

iForex, a broker that focuses on contracts for differences (CFDs), has revealed plans to list its shares on the main market of the London Stock Exchange. The company has not yet shared details about its target valuation or other financial...