Markets

A report by UK Finance revealed that the total number of payments made in the UK surged by 5% last year while over 30% of Brits now use the tap-to-pay feature on their phones. The report revealed that the total...

Kirill Chernikov, the Chief of Staff at Spotware Systems, a technology company for the FX sector, is leaving after over three years. He started at the company as a Product Manager in 2021 and worked in that role for almost...

Sygnum, a cryptocurrency bank located in Switzerland, has revealed that it made a profit in the first half of 2024. This happened because its main business areas saw massive growth. The firm also announced that it wants to enter the...

Interactive Brokers has made its portfolio tool better by adding a retirement planner. This new part is a big improvement for the platform, which already gives users detailed financial information and a simple view of their money. The new addition...

UniCredit has taken a major decision to acquire the entire share capital of Vodeno and Ajon Bank. The firms provide a flexible and scalable cloud-based platform with banking services based on the ECB license of Aion. Following the acquisition, UniCredit...

The Bank of Israel rolled out its Digital Shekel Challenge in May this year. The bank invited participants for opinions about the central bank digital currency (CBDC). The participants submitted their proposals via application programming interfaces (APIs). This project is...

Plum has secured £16 million in a Series B investment round. This impressive total includes £13.4 million from institutional investors and an additional £2.7 million from a highly successful crowdfunding initiative. With more than 2 million users and £1 billion...

Tradeweb Markets has released a report that covers its financial activities for the second quarter of this year. According to the report, the company’s revenue grew to $405 million. This shows a 30% growth compared to the previous quarter. Furthermore,...

Major cryptocurrency exchange Coinbase UK has been fined £3.5 million by the Financial Conduct Authority (FCA). According to the regulators, the crypto exchange was fined for refusing to adhere to a voluntary agreement not to onboard “high-risk customers”. Coinbase’s CB...

eToro, an investing and trading platform, has introduced its  first advertising campaign made almost entirely using AI. This campaign will be featured for all 16 days of the Paris 2024 Olympic Games' live coverage on Eurosport. It will also be...

SoMon is a Web3 forum that seeks to give users control over their content and connections. The platform has rolled out its app on Base, and in just 14 days, it has already had over 300,000 transactions on the blockchain....

After a temporary ban was lifted, UK payments provider Modulr can now start accepting new customers again. However, it must notify the financial regulator before taking on any new clients. The failure of US Banking-as-a-Service (BaaS) provider Synapse has made...

Finalto, a prime brokerage company and liquidity provider, has announced that it is working with Trive South Africa to help improve business in the African financial markets. Finalto said that the two companies will work hand in hand to give...

Payments group Ebury has selected investment bankers at Goldman Sachs to handle its planned £2 billion initial public offering (IPO) in London. This fintech firm is pushing ahead with one of the few listings set for the UK. Goldman Sachs...

The US Federal Reserve has imposed a $44 million fine on Green Dot for many unfair and misleading practices and a poor client compliance risk management framework. The regulator accused the digital bank of breaking consumer law when it advertised,...