Markets

The new British head of Wefox, a large insurance technology company in Europe, has warned investors that it could shut down in a few months because of many financial and regulatory problems. The European insurance company, with almost 3 million...

The United States Supreme Court has declined an effort to reduce the Consumer Financial Protection Bureau (CFPB) funding. The Community Financial Services Association of America (CFSA), a business organization for payday lenders, initiated this lawsuit against the CFPB. This was...

Cross the Ages, a blockchain-powered trading card game on Ethereum's Immutable X, recently introduced its CTA token along with announcing a new round of funding for its studio. Animoca Brands, a major crypto investment entity, led the $3.5 million equity...

Standard Chartered has become the first Euro settlement bank to begin operation on Partior, a global integrated ledger market platform. The company has added blockchain technology directly into its payment systems. The bank has completed a cross-border transaction in Euros...

Mastercard and Standard Chartered have collaborated on a proof-of-concept pilot investigating tokenized carbon credits and tokenized deposits. The two financial services leaders joined forces with Mox, the Hong Kong-based digital bank owned by Standard Chartered, along with asset tokenization technology...

Nasdaq, an exchange operator, is including a GenAI-powered feature in its market surveillance technology. Nasdaq claims the feature will enhance the efficiency, speed, and quality of market abuse investigations conducted by its customers. It also simplifies the triage and examination...

A new MHP Group’s research shows a renewed sense of optimism in Europe's fintech sector. Over 75% of companies in the sector are certain of significant growth within the next twelve months. After two disturbing years in the sector, MHP Group interviewed over 50 leading fintech companies from...

European Central Bank (ECB) is leading a cooperative effort to investigate the ability of distributed ledger technology (DLT) to resolve wholesale transactions utilizing central bank funds. The preliminary stages of examinations will involve 10 market players, six DLT operators, and...

Santander has reported that some employee and customer data in its database hosted by a third-party provider was breached by an unauthorized party. However, the Spanish bank announced that this breach did not affect its systems and operations. The bank noted in...

Deutsche Bank recently declared its participation in the Monetary Authority of Singapore’s (MAS) Project Guardian (as part of the wealth and asset management workstream). The joint effort focuses on examining the possibility of asset tokenization apps in regulated financial markets....

JP Morgan has reached an agreement with Broadridge. The deal will see JP Morgan provide its JPM Coin virtual currency as a settlement solution for Broadridge's Distributed Ledger Repo (DLR) platform. The alliance marks the first occasion where JPM Coin...

Europe’s second largest neobank, Bunq, has enhanced its GenAI assistant, Finn, ensuring it is fully conversational. The fintech has also launched its Worldwide single-trip travel insurance, in collaboration with Qover, an embedded insurance provider. Bunq Announces Over 12.5 Million Customers And €8 Billion...

Several Members of Parliament (MPs) in the UK have proposed a parliamentary motion against the grant of new legal powers to the government. These powers will allow them to watch over millions of people’s bank accounts. The MPs are certain that it poses the threat of triggering a scandal...

HSBC UK has introduced a new saving feature on its banking application. The financial service company launched the Savings Goals service to assist customers in identifying, managing, and planning their saving goals. Customers who use the application can select from a...

UBS is striving for a quick and seamless IT incorporation with recently purchased Credit Suisse, transferring only 10% of its former competitor's 3000 applications. The company acquired Credit Suisse, its fellow Swiss financial institution, in an urgent rescue in 2023. It anticipates...