Featured Articles
WazirX requests court protection as cybersecurity losses surge to $2.1 billion in 2024
The cybersecurity landscape has seen some major hits throughout this year, leading to massive financial losses to various forms of attacks. By the end of the third quarter, the losses had climbed up to $2.11 billion, far surpassing the amount...
Meta teams up with UK banks to create a data-sharing program and undermine scammers
Facebook’s parent company, the tech giant Meta, recently said that it will expand its information-sharing partnership with UK banks to help reduce the risk of scams. Meta’s Anti-Fraud Program Brings Back Excellent Results Scams have skyrocketed in the UK, as...
SWIFT plans to trial live transactions of tokenized assets and cryptocurrencies in 2025
SWIFT, a global bank messaging network that was used for processing transactions for decades, recently revealed plans to trial live transactions of digital currencies and tokenized assets. SWIFT Crypto Trials To Start In 2025 According to SWIFT, the trials are...
Euroclear partners with Digital Asset and World Gold Council to tokenize gilts, gold, and Eurobonds
Post trade body Euroclear entered into a partnership with several other entities, including Digital Asset and World Gold Council a few months ago to pilot a program aiming to tokenize gilts, gold, and Eurobonds. The collaborative initiative involved a total...
US SEC files an appeal against a federal judge’s decision regarding the Ripple case
The US Securities and Exchange Commission (SEC) decided to formally appeal the US federal judge’s decision regarding the Ripple case this Wednesday, October 2. While the judge ordered Ripple to pay a $125 million fine, the SEC does not seem...
Irish fintech investments dropped by 90% in the first half of 2024
A new report published by Finch Capital shows a drastic decrease of Irish fintech spending in the first half of 2024. The report explains that the most likely reason for the decline is cautious investor sentiment that dominated the year....
Tech consultancy Thoughtworks teams u with AI Singapore to further GenAI research
Thoughtworks, a global technology consultancy firm, recently started collaborating with AI Singapore. The partners joined up to develop a new generative AI and push its adoption. Thoughtworks and AI Singapore Team Up The two entities recently signed a Memorandum of...
Paysend rolls out Mastercard-backed Paysend Libre in Mexico to push for financial inclusion
UK-based fintech with over 9 million users, Paysend, recently decided to roll out its payment solution Paysend Libre in Mexico. The firm seeks to reach out to the country’s underbanked population and provide opportunities in order to establish greater financial...
Visa rolls out a platform that will help banks issue fiat-backed cryptos
Visa recently unveiled a new platform for banks, dedicated to helping financial institutions issue and manage fiat-backed tokens such as stablecoins on blockchain networks. The platform is known as the Visa Tokenized Asset Platform (VTAP), and it allows participating financial...
Markets.com Joins Forces With TradingView To Offer CFD Trading
TradingView has reported the integration of Markets.com, a broker that provides access to various global markets via contracts for difference (CFDs). This partnership allows TradingView users to utilize its charting tools alongside Markets.com’s features, enhancing the trading experience for clients....
Bybit Names New Chief Legal Officer To Reinforce Compliance Measures
Bybit, the second biggest crypto exchange in the world in terms of trading volume, has chosen Robert MacDonald to be its new Chief Legal & Compliance Officer. Robert has a strong background in public service and traditional finance, giving him...
Freetrade Takes Over Stake’s UK branch, Preparing To Compete With Robinhood
Freetrade, a British investing platform, has decided to buy the UK client base of Australian company Stake. This shows that competition in digital investing in Britain is getting stronger. With this deal, the British company will gain control of Stake’s...
LMAX Group Strengthens FX Offerings With FX HedgePool Purchase
LMAX Group has announced that it has purchased FX HedgePool, an institutional swap matching service, marking its entry into the FX swaps market. The acquisition aims to expand LMAX's offerings in the foreign exchange sector, although the financial terms of...
BMLL Secures $21 Million Funding Led By Optiver
BMLL, a provider of historical financial market data and analytics, has announced that it has raised $21 million in its latest funding round, which was led by global market maker Optiver. This funding comes nearly two years after the company...
Meta teams up with UK banks to create a data-sharing program and undermine scammers
Facebook’s parent company, the tech giant Meta, recently said that it will expand its information-sharing partnership with UK banks to help reduce the risk of scams. Meta’s Anti-Fraud Program Brings Back Excellent Results Scams have skyrocketed in the UK, as...