Markets

Germany-based Deutsche Bank recently unveiled plans to cut 3,500 jobs as part of its ongoing efforts to boost operational efficiency within the company. The bank reported that its net profits have dropped by 14%, sinking to €4.9 billion. The bank...

Card and payments giant Mastercard recently revealed its integration of generative AI (GenAI) techniques meant to revolutionize its Decision Intelligence (DI). Mastercard to add AI to DI DI was positioned as Mastercard’s real-time decisioning solution, and as such, it has...

Digital Currency Group’s subsidiary, Genesis Global Holdco, recently managed to reach a settlement with the US Securities and Exchange Commission (SEC) and resolve a lawsuit brought up against it a year ago. According to a recent court filing in the...

Coinbase, the largest US crypto exchange, recently appointed a new advisor — the former UK Chancellor of the Exchequer, George Osborne. Osborne commands an extensive experience in terms of government and international finance, which Coinbase hopes to use to its...

Bumper, a UK-based firm that helps drivers split repair bills into interest-free payments, recently revealed its partnership with Volt, a popular real-time payments platform. The two intend to bring open banking to car dealerships, not only in the UK, but...

Amazon recently rolled out its new technology known as Just Walk Out in Australia. The world’s largest retailer has decided to pioneer its tech at the Canberra Institute of Technology Student Association (CITSA), thus making it the first educational establishment...

The UK’s Labour Party recently revealed a highly ambitious plan to make the country one of the global fintech leaders. According to a series of goals that it has shared, the Labour Party intends to deliver the next phase of...

The online payments giant PayPal is getting ready to cut as many as 2,500 jobs, according to recent reports. The figure represents 9% of the company’s entire workforce. The decision comes as part of the firm’s strategy against increasing competition...

A Web3 payments infrastructure provider, Transak, recently announced its new partnership with Visa, one of the world’s largest card and payment providers. The two have teamed up in order for Transak to allow its users to convert their cryptocurrencies into...

Binance, the world’s largest crypto exchange by trading volume, recently stated that some of its largest traders may use third parties for custody over their crypto assets. These mostly include independent banks, but the move comes as quite important, as...

XTB, one of the largest stock exchange-listed FX brokers in the world, recently released preliminary financial results for 2023. The firm highlighted a 10% surge in revenue on an annual basis, alongside a 51% increase in the number of active...

The European Securities and Markets Authority (ESMA) recently presented a proposal that could have a heavy impact on how crypto companies based outside of the EU member nations might operate within its borders moving forward. If the new guidelines end...

Spanish financial regulator, the Comision Nacional del Mercado de Valores (CNMV), recently published a statement in which it warned the public of even more websites that have been illegally offering financial services to the country’s citizens. Websites such as these...

One of the leading UK banks, Lloyds Banking Group, recently decided to close its mobile bank branch service, which has seen vans drive to towns across the UK to offer an alternative service to stationary branches. https://twitter.com/premnsikka/status/1751995626504495340 Lloyds continuous to...

The Commodity Futures Trading Commission (CFTC), the US regulator overseeing commodities, recently issued a warning to the public against the hype that currently surrounds the AI sector. According to the regulator, the public has been excited about AI enough for...