Markets

OpenAI, the artificial intelligence (AI) company behind the popular chatbot ChatGPT recently held an event for executives from Fortune 500 companies to pitch AI services. The event involved a promotion for an enterprise-grade version of OpenAI’s chatbot. The AI company...

Helder Rosalino, a member of the board of directors at Banco de Portugal since 2014, has been confirmed to take to the stage to open the EBAday show in Lisbon, Portugal, for the 2024 event. He comes with many years...

The Competition and Markets Authority (CMA) has outlined critical threats to competition in AI Foundation Models (FMs), intensifying concerns as AI advances swiftly within the financial sector. During a presentation in Washington DC, CMA Chief Executive Officer Sarah Cardell highlighted...

Tiger Global and Revolut India have secured an in-principle approval from the Reserve Bank of India for Prepaid Payment Instruments (PPI). The financial instruments offered as part of the deal include prepaid cards and wallets, which will see the neobank...

XTX Markets, an online trading company, is planning to build one of the largest data centers in Finland, to increase its trading capacity. The decision to build this data center comes amid financial institutions abandoning traditional trends that require them...

A large cryptocurrency investment scheme in Australia involving $41 million and more than 450 investors has collapsed. The collapse is being investigated by the Australian Securities and Investments Commission (ASIC). The financial market regulator has secured a court order to...

eToro UK Limited has announced the termination of the directorship of one of its directors, Shalom Berkovitz. Berkovitz has held the director role at eToro for seven years. He has also worked for 30 years at the brokerage platform. He...

Barclays has spearheaded a Series B funding round for Funding Xchange (FXE), a supplier of white-label software designed for SME lenders. However, the amount of the investment remains undisclosed. FXE offers a marketplace equipped with digital qualification and financial viability assessment tools, allowing SMEs...

As the summer holiday approaches, Lloyds Bank is urging customers to take caution as they plan their summer vacations. An analysis by Lloyds shows a 7% increase in holiday purchase scams over the past year, with victims losing an average...

Russian-based MTS Bank has revealed its plans to launch an initial public offering (IPO), notwithstanding the existing Western sanctions against Russian financial institutions. The bank operates as the financial technology division of a well-known Russian mobile phone company. It became...

Dan Schulman, the former American Express and PayPal boss has joined Valor Capital Group, the cross-border enterprise fund that connects the Latin American and the US technology markets. Scott Sobel, the Valor founding Partner, stressed that Dan needs no introduction...

Mimo has secured £15.5 million in a new investment funding round, led by Northzone, with additional investment from investors like Upfin VC, Seedcamp, and Cocoa Ventures. In addition, Fost has arranged an asset-backed facility, with participation from diverse angel investors...

Pactio is a fintech company located in the UK. It focuses on private equity (PE) and it recently announced that it has secured £11 million in a series A financing round. The company was established in 2021 and delivers deal...

On Monday, Hong Kong stirred the digital asset space with welcoming news. The country’s authorities gave initial approval to its first exchange-traded funds and spot bitcoin. This takes the Asian city a step ahead when it comes to the acceptance of cryptocurrencies as an investment...

UK-based financial technology giant Revolut is not looking back on its expansion to other regions. The company recently announced that it has received a banking license to operate in Mexico. The approval from the Mexican financial authority means the company will likely establish itself...