Markets

Most European banks are facing a tough challenge concerning the timelines set by the European Union for executing the SEPA instant payment. RedCompass Labs revealed in a report that 58% of the 200 surveyed senior payment professionals find the timelines...

A judge from the Federal Court in Manhattan has permitted the US Securities and Exchange Commission (SEC) to continue with a court case against Coinbase. Even as the court rejected one of the regulator's allegations, this recent ruling marks the...

Boku, a global network for localized payment methods, has partnered with Juniper Research to publish the '2024 Global Ecommerce Report: The Changing World of Payments'. The initiative examines consumer payment behaviors and preferences worldwide, highlighting a significant shift towards local...

Many top financial institutions including BNY Mellon and Goldman Sachs, have participated in a pilot of Digital Asset's Canton Network blockchain platform for Blockchain-based assets. The Canton Network was founded by Digital Asset with involvement from technology companies, infrastructure providers,...

The United States Chamber of Commerce has Initiated a legal action against the Financial Protection Bureau (CFPB) to prevent it from enforcing a rule to restrict late credit card charges. Earlier this month, the CFPB created a rule to reduce...

Visa, a major digital payment company, has joined forces with Taula, an SAP company firm and a leader in providing working capital management solutions. The latest collaboration aims to make embedded finance available to global businesses. The new partnership is...

A Swedish court of appeal has ruled that Klarna, a Swedish payments group, has been fined 7.5 million crowns ($733,324) for violating the EU's General Data Protection Regulation (GDPR). The court stated that Klarna had failed to provide sufficient information...

Mastercard has rolled out an open banking-driven subscription management tool that banks can integrate into their applications. According to a survey conducted by Mastercard, 73% of individuals cited that they would love to use a tool that would assist them...

The Hong Kong Monetary Authority (HKMA) recently started a new wholesale central bank digital currency (wCBDC) project. The goal is to render support to the development of the tokenization market in the region. The launch of ‘Ensamble’ According to HKMA,...

The leading trading and investment app Robinhood recently announced a new partnership with a sports agency firm KLUTCH Sports Group. The team-up will allow Robinhood to move into the sports and entertainment sectors, with KLUTCH Sports Group’s Property Sales division...

NatWest, one of the UK’s leading banks, has announced that it will ditch its Buy Not Pay Later (BNPL) service. The bank, featuring over 18 million users, said that it will start the closure of BNPL accounts starting on May...

Recently, the Bank of England faced criticism from an independent review that commented on “nervousness” when it comes to adopting new technology. In response, the BofE announced that it is building a cloud-based data and analytics platform, A new cloud...

In a new court filing, Chief Operating Officer (COO) of Binance.US, Christopher Blodgett, shared the difficulties that the exchange had gone through since the US Securities and Exchange Commission (SEC) filed its lawsuit against Binance last June. According to Blodgett’s...

Online brokerage firm Robinhood launched a 24-hour trading platform known as Robinhood 24 Hour Market last year, in 2023. The idea was to allow traders and investors to trade stocks and ETFs around the clock, and make use of new...

The Australian Securities and Investments Commission (ASIC) recently fined ASX Limited, which operates the Australian Securities Exchange. The company failed to provide adequate pre-trade transparency on its trading platform, and after a thorough investigation, ASIC found that ASX had breached...