Markets

The Bank of England has faced significant criticism from an ex-chairman of the United States Federal Reserve for depending on old-fashioned technology for its economic predictions. Ben Bernanke, the former Chief of the Federal Reserve from 2006 to 2014, was...

Standard Chartered's venture division has financed Algbra, a UK-based fintech company that specializes in ethical finance and Sharia compliance. The terms remained undisclosed. As part of the deal, Algbra will collaborate with Shoal, SC Ventures’ sustainable investment platform. Algbra was...

FP Markets is giving its customers more investment options. Investors and traders at FP Markets can now capitalize on fresh opportunities in the commodities market and make their money safer by having different items in their portfolios. In addition to...

One of the major UK banks, NatWest, recently tapped StoneX to improve its cross-border payments capabilities. In addition, with StoneX at its side, NatWest will be able to provide seamless FX services to its international clients. StoneX’s payments division, StoneX...

Canada has been waiting for the launch of the new Real-Time Rail (RTR) payments system for a while now, but it appears that the arrival of the new solution is now facing another delay. While new tech partners — CGI...

A recent report published by the UK bank Barclays revealed that the financial world saw an increase of 29% in investment scams conducted last year. The scams have hit the bank's current account customers quite hard, and they represent the...

The United Kingdom's Centre for Finance, Innovation, and Technology (CFIT) recently revealed that it is working on building two open finance applications. These will focus on two goals — providing financial advice to vulnerable users, and increasing the speed at...

The biggest banks in the United Kingdom are anticipating the experimentation stage of a Regulated Liability Network. This network is designed as a financial infrastructure for programmable money, functioning on a shared ledger among several banks. The Regulated Liability Network...

Acuity Trading, a trading solution and market analytics provider, has collaborated with Excent Capital, a global platform focused on providing trading solutions. The alliance will allow Excent Capital to integrate Acuity Trading's state-of-the-art tools, such as NewsIQ, AnalysisIQm, and Economic...

The Cyprus Securities and Exchange Commission (CySEC) has extended the license suspension of the locally regulated subsidiary of the now-defunct cryptocurrency exchange, FTX. With parent company’s executives facing jail time and senators seeking answers, the FTX EU’s quest for compliance...

Celeris, a company that helps businesses with payments, has announced a partnership with PXP Financial, another fintech firm recognized for its payment technologies. The alliance aims to make the payment process easier for businesses all over the world. Celeris And PXP Financial Partnership Is Positioned To Make...

Two U.S. Senators – Chuck Grassley and Elizabeth Warren – are demanding that the Chairman of the Commodities Futures Trading Commission (CFTC), Rostin Behnam, provide a detailed accounting of the Commission’s dealings with Sam Bankman-Fried (SBF) of defunct crypto exchange...

Interactive Brokers posted solid financial results during the first quarter of the year that ended March 31, 2024. The brokerage company's financial results recorded a positive performance driven by increased revenue and earnings. The net revenues jumped by 13% to...

Binance US has onboarded Martin Grant to its Board of Directors as the cryptocurrency exchange continues to revamp its operations to remain compliant in the US. Grant comes with expertise in compliance having served as the former Chief Compliance and...

Saxo Bank is considering selling its business, and it is already consulting with investment bankers on the options available. Saxo Bank has been struggling to remain afloat since a planned merger failed in 2022. The Danish bank is now contemplating...