Markets

Bank of America (BoA) has approved a new loan facility with Simply valued at up to £120 million, which the specialist lender celebrated as a “milestone”. The initial facility stands at £60 million, with an accordion feature to potentially raise...

Hong Kong’s Securities and Futures Commission popularly known as (SFC) has passed a sound word of warning. This was as a regard to some entities having operations and engagement which are suspected to be of fraudulent practices and virtual asset-...

Having payment options is vital to the European Union. The European Central Bank (ECB) wants to make sure this choice also includes using digital money. The organization is working on introducing a digital euro to make this happen. According to...

Ruslan Abuzant, the Chief Development Officer of MultiBank Group, is leaving the company after working there for two years. Abuzant started at the firm in 2022 and has gained a lot of experience. He has worked as the company’s Chief...

Virgin Money, HSBC, and Nationwide have reported issues in their network preventing customers from receiving and sending payments. The delays show how vulnerable the current banking industry is. The outages affected over 7,000 customers, preventing them from banking online and...

Algorithmic trading is becoming more popular in foreign exchange markets as big investors use automated strategies to handle dispersed liquidity and narrow price differences. This trend is driven by calmer markets and new technology and changes how currencies are traded...

Climate X, a climate risk intelligence enterprise, has received $18 million in a Series A investment round spearheaded by Google Ventures. The round also saw contributions from Western Technology Investment (WTI), Unconventional Ventures, PT1, Blue Wire Capital, A/O, CommerzVentures, and...

Nubank recently revealed that it has bought Hyperplane, a data intelligence firm, from Silicon Valley. This deal will start a new chapter for digital banking, bringing fairer, smarter, and more personalized financial services and products to Nubank's users. Hyperplane was...

Oxbury has revealed its financial report for 2023. The fintech firm recorded annual profit for the first time since its launch. It received more than £3 million in earnings before taxes. Launched in 2021, Oxbury is the first British fintech...

Norm Ai, a United States RegTech that has developed an AI system for converting rules into computer code, has secured $27 million in a Series A financing round from many financial services providers. The investment round was spearheaded by Coatue,...

Card payment provider Visa has added a new service – Digital Emergency Card Replacement. This service allows card issuers to send a replacement digital card quickly through text or email. Visa offers fast physical-to-digital card replacement services, especially for travelers...

eToro has committed to sports by expanding its sponsorship deal with Operazione Nostalgia. The move signifies eToro's plans to promote sports values and honor the notable achievements of soccer players. The company aims to launch a special event on July...

Bitget Wallet and Foresight X are teaming up to invest in Tomarket, a new trading platform. Both entities want to focus on new kinds of assets and make the wallet offer more than just regular decentralized exchanges (DEXs). According to...

Mitrade, a top online investment platform, just got approved by the Cyprus Securities and Exchange Commission (CySEC). This is a big deal for Mitrade in the global market. Now, the firm can offer more online trading services for different Contracts...

A new paper published by Synpulse and Standard Chartered revealed that demand for the total tokenized assets could extend to $ 30.1 trillion by 2034. The report also shows that trade finance assets could be one of the three most...