Markets

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...

A taskforce representing buy and sell-side firms and market infrastructure providers in Europe has urged the UK, Switzerland, and the EU to conduct plans that will lower the settlement cycle needed for securities trades. The group has made this request...

Innovate Finance and KPMG have tabled proposals for “potential scenarios” to bring Open Finance to the UK. In a joint report, the two entities sought to ignite debate and discussions among legislators and stakeholders in the industry. The scenarios announced...

Core banking provider Temenos has concluded a probe that has determined that a report by Hindenburg Research is “inaccurate and misleading.’ In February 2024, Hindenburg tabled a report accusing Temenos of “accounting irregularities, failed products and an illusive turnaround.” Hindenburg...

Landesbank Baden Württemberg (LBBW), the largest federal bank in Germany, has partnered with the Bitpanda cryptocurrency exchange to provide digital asset custody services. The crypto custody platform launched through this partnership is set to launch during the second half of...

Officials from the US and Europe have been discussing ways to protect consumers amid a rise in technology use in payments. The officials are discussing the impact of technologies like artificial intelligence (AI) and the increased adoption of the buy...

EQT and its co-stakeholders have approved the sale of Rimes to Five Arrows, in a transaction that, as per reports, evaluates the data entity at about €800 million to €900 million. Established in 1996, Rimes partners with 60 of the...

Empower Finance has revealed its plans to acquire the US-based credit card fintech Petal, which offers alternative financial products and credit underwriting for underserved users in Mexico and the US. This acquisition is anticipated to close later this quarter. Petal...

EBA Clearing is planning to launch a continent-wide Verification of Payee solution before the year concludes. The feature will be ready by December. It will assist payment service providers (PSPs) in providing IBAN/name-matching solutions to their clients for their Sepa...

The European Central Bank has collaborated with various investors for exploratory work, aiming to distribute ledger expertise to resolve wholesale transactions within the central bank money. The initial wave of trials will include five central banks, six market DLT operators,...