Markets

Westpac, an Australian financial institution, has revealed its plan to inject billions of dollars into the simplification of its technology infrastructure. This major project is expected to be completed in the next four years. This will enhance customer outcomes and...

An announcement from the United States Treasury has advised banks to strengthen their risk management practices to prevent being engulfed by AI-driven cybercriminals and fraudsters. The report, which was called for by an executive order by Joe Biden last year,...

Interactive Brokers has presented its monthly performance results for March 2024, indicating performance differences. The brokerage company revealed 2.412 million daily average revenue trades (DARTs), signifying an upsurge of 17% and a drop of 1% from the preceding month. The...

Paynetics, one of the leading financial service providers, has announced the acquisition of a UK-based neobank known as Novus. Paynetics’ acquisition of Novus comes as the financial company sets its sights on environmental, social, and governance (ESG) objectives. Besides focusing...

Australian bank Westpac is planning to spend billions of dollars over four years to upgrade its technological infrastructure. The bank has been dealing with years of slow technological infrastructure. In its planned overhaul, the bank plans to bring all its...

Banks operating in the European Union have until January 2025 to provide instant payment services. The new guidelines are affecting a majority of banks in the UK. A third of EU banks currently do not provide instant payment services, and...

Tempo France, a payment system company based in the EU, is quitting classical remittances and will no longer offer them in its product line. Tempo France is a fintech company that deals in money transfers. It also holds a pan-European...

The Worldcoin cryptocurrency project continues to receive global backlash due to privacy concerns and it has now been banned in Portugal. The project was launched by the CEO of OpenAI, Sam Altman, under a company known as Tools For Humanity....

The Australian Securities and Investments Commission (ASIC) has won big in an environmental, social, and governance (ESG) case against Vanguard Investments Australia. A Federal Court in Australia has now determined that the company violated ASIC guidelines after making false representations...

Currencycloud, the cross-border payment provider, and Paysend, the UK-based money transfer app, have announced a partnership for their expansion project. This partnership aims to facilitate Paysend's global services, providing users with an extensive solution for currency exchange and international money...

Alchemy Pay, a global provider of Web3 payment solutions, has revealed that it has invested in the UK’s LaPay Limited. This major funding aims to begin the global outreach of corporations operating in several industries. LaPay functions as the United...

Skilled Funded Trader, managed by Easton Consulting Technologies, has temporarily halted all its trading operations. The Prop trading company mentioned that new purchases are one of the paused operations. The platform's operators have displayed a message on its website revealing...

Carrying on with the roadmap unveiled at the start of this year, XTB is launching a new service in its range of offerings, this time focused on social trading. Within the XTB Social product, users can receive personalized notifications about...

The competition to go public in the US has a new participant as Marex Group, a financial services platform located in the UK, has entered the scene. The platform announced an initial public offering (IPO) of regular stocks with the...

Robinhood has rolled out a credit card specially made for its VIP customers. This step intends to cement the company’s position in the Financial management industry while bringing in more customers to sign up for its premium services. Named the...