Markets

The UK government has revealed its Smart Data Roadmap, rolling out strategic plans for smart data initiatives across seven areas. In order to implement these plans, the government will derive its authorization from the Data Protection and Digital Information Bill,...

GC Exchange FZE (GCEX), an online prime brokerage and branch of the GCEX Group, has revealed the that it has appointed Katina Messinis as its latest Sales Director for the United Arab Emirates. Messinis brings a lot of experience in...

A crypto trader has been charged with fraud regarding a $110 million market scam. A federal jury found Avraham Eisenberg guilty in New York following accusations by prosecutors of rigging the price of particular perpetual Commodity contracts on the Mango...

The European Central Bank has once again shown that it’s not taking its sanctions against Russia lightly. The European banking regulator has ordered UniCredit to stop its business relations with Russia as the sanctions against the country for invading Ukraine continue. The...

Manchester Digital has announced the launch of its new Manifesto for the Northern Tech Economy. The digital launch is in preparation for the Manchester Mayoral elections coming on May 2, 2024. The idea is to create a new body that will improve investment, innovation, and skills...

Axi, a forex and contracts for differences (CFDs) broker whose headquarters are in Australia is extending its sponsorship deal with Brazilian football club, Esporte Clube Bahia. The deal comes as the brokerage platform leverages the benefits that come from sports...

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...