Markets

Wagestream, a financial wellbeing app that streamlines how employees receive their salaries has announced raising £17.5 million in a funding round. The funding round was led by British Patient Capital which invested £7 million in the company. The other investors...

Alpha Group, a fintech company based in the UK, has applied to move its listing to the main market at the London Stock Exchange (LSE). The fintech consultancy firm seeks this move as part of its expansion plan. The firm...

Amazon is ditching the Just Walk Out Technology in its Fresh grocery stores in the United States. However, the tech giant asserts that it is not giving up on the technology behind this offering. The Just Walk Out technology offers...

The Monetary Authority Singapore has announced the launch of COSMIC. The latter is a centralized digital platform looking to help financial institutions share customer information to address the risks of money laundering, terrorism financing, and proliferation financing. The MAS said...

Rakuten, one of the largest financial conglomerates in Japan, has announced plans to consolidate its fintech operations into a single and consolidated platform. The plan announced by Rakuten seeks to boost synergy while also streamlining the efforts of acquiring new...

Morgan Wealth Management’s Wealth initiative has enabled users to craft over 1 million personalized plans, reaching this achievement within a year since its debut. Wealth Plan, accessible for free in the Chase Mobile app on Chase.com, is a digital money...

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...