Markets

Global banks are beginning to take an interest in stablecoins, inspired by the success of Tether. According to reports, some banks are already involved, with SG-Forge, a branch of Societe Generale, launching its euro-backed stablecoin for private investors earlier this...

Italy’s data protection authority has fined OpenAI’s ChatGPT €15 million for an alleged data leak and the wrong use of personal information. According to the regulator, the probe was launched in March 2023. The Italian Data Protection Authority (IDPA), also...

Fiserv, a leading company in payments and financial services technology, has revealed that it has reached an agreement to buy Payfare Inc. This deal will help Fiserv get better at offering easy financial tools, like Payfare's card program, special app,...

Ahmad Said, who worked at Pepperstone for four years mostly as Head of Engineering for the EMEA region, announced that he is creating a new trading platform for contracts for difference (CFD) brokers. He revealed that the platform, named Fintake,...

Tauro Markets has added to its team by bringing in Nadine Azzam, who will become the Partner-CEO MENA. She will join the team and be in charge of all business-building efforts in the company, especially focusing on helping the broker...

Delio, a top company that gives private market tools to financial businesses, has chosen Felicia Meyerowitz Singh to be its new Chair. The new role will encourage growth with partners, improvement of the ideas, and broader plans to find new...

PayRetailers, a payments processor in Latin America and Africa has announced the acquisition of payments FinTech platform Transfeera. The deal received approval from both the Administrative Council for Economic Defense (CADE) and Brazil's central bank (BCB). The companies revealed that...

The world’s leading B2B cross-border trade payment platform, XTransfer, has announced a new partnership with OCBC, the second-largest financial services group in Southeast Asia. This partnership aims to offer small and medium-sized enterprises (SMEs) better cross-border payment solutions. XTransfer and...

Bank of America, JPMorgan Chase, and Wells Fargo are facing accusations of using inadequate safeguards on Zelle, the payment platform they co-own. According to the Consumer Financial Protection Bureau (CFPB), these shortcomings have resulted in substantial losses for Americans. The...

The fast changes in the payments sector have led UK regulators to review their teamwork. The Bank of England, Prudential Regulation Authority, Financial Conduct Authority (FCA), and Payment Systems Regulator revised their Memorandum of Understanding (MoU) for payment systems. According...

Coinbase has issued a response to a lawsuit from BiT Global, a company linked to Justin Sun. The disagreement began after Coinbase decided to remove wrapped Bitcoin (wBTC) from its platform on December 19. BiT Global argues that this decision...

PalmPay, a leading Africa-focused fintech, and Jumia, a top e-commerce platform in Africa, announced a strategic partnership to improve the digital payment ecosystem in Africa. This collaboration will focus on integrating PalmPay’s payment system with Jumia’s online marketplace and co-marketing...

Crédit Agricole and Spanish financial services company Santander have agreed that Crédit Agricole will acquire Santander’s 30.5% share in Caceis, an asset servicing provider. The company said the deal is expected to be completed next year, subject to regulatory approval....

The popular trading company easyMarkets has decided to continue its partnership with Real Madrid C.F. Both entities signed the agreement in 2020, and the renewal was confirmed during a special event. easyMarkets’ Chief Executive Officer, Nikos Antoniades, and Real Madrid’s...

OEXN, a global provider of financial solutions, announced a strategic partnership with KlipC, a well-known trading technology provider. This collaboration aims to offer better tools and services for traders by combining OEXN’s financial infrastructure with KlipC’s advanced technology. Both companies...