Markets

BuildMyCreditScore, an Open banking-driven company located in the UK, reported that its users have experienced an average 52-point surge in their credit scores in the first three months. Introduced in October last year, the company offers a Mastercard debit card...

Dr. Ruth Wandhöfer, Chair of the Ubiquitech Group, has shown a report revealing practical recommendations for improving the United Kingdom’s digital economy. The report highlights the importance of delivering access to sustainable infrastructure, building trust, and securing data freeways for...

Individuals across Ethiopia have successfully withdrawn huge amounts of cash from their bank accounts following a system glitch. Over £31million was taken out mostly by students from the Commercial Bank of Ethiopia (CBE). As soon as the students discovered that...

Jared Isaacman, the Chief Executive Officer at Shift4 Payments, is said to be distinctly unimpressed by the valuations offered by potential acquirers. According to an internal memo obtained by Bloomberg, Isaacman mentioned that the company has received numerous offers from...

The Universal Digital Payments Network (UDPN) has rolled out a cryptocurrency sandbox for both central and commercial banks. Unveiled at Davos in 2023, the UDPN is aiming for interoperability for cryptocurrencies, including CBDCs and stablecoins. After collaborating with more than...

The Financial Industry Regulatory Authority has issued a fine of $850,000 to M1 Finance LLC for posts made on social media. These posts which were made by influencers backed by the firm are reported to be unfair and contain unwarranted...

Bank of America has rolled out a massive update on its mobile application, revolutionizing how customers engage with their finances. As digital interactions continue to rise, 57 million digital customers are provided an opportunity to manage and view their complete...

TransUnion, a Credit bureau, has rolled out a Cloud-driven AI-enhanced analytics and data platform for financial organizations. The OneTru platform merges different analytic and data assets designed for fraud prevention, marketing and credit risk into a unified single environment. The...

GoCardless is establishing a complete bank payments service through the purchase of open banking company Nuapay, from EML Payments located in Australia. EML Payments was acquired by GoCardless for a sum of €32.75 million. EML is selling off the Irish...

Silverbird, an international trade payment platform, has entered into special administration offered by the Financial Conduct Authority. However, the company announced that customer funds won’t be accessible while work is ongoing. Geoffrey Rowley and Daniel Conway of FRP Advisory Trading...

Nationwide has launched an innovative digital service for customers with hearing problems by offering its platform in British Sign Language (BSL) in honor of Sign Language Week. Launched in collaboration with Signly, a BSL technology firm, contents are presented as...

KuCoin saw $1 billion in cryptocurrency withdrawals in just 24 hours, alongside a drop of 20% in funds under management, after charges were imposed on the platform by US authorities. Data insights from Arkham Intelligence and Nansen have disclosed the...

Adyen, a leading global financial technology firm catering to businesses, has unveiled a strategic alliance with Adobe Commerce. The partnership seeks to transform both offline and online payment solutions for enterprise-level merchants on Adobe Commerce. Amidst to offer flexible payment...

Currencycloud, a global payments provider, and Paysend, a UK-based cash transfer application have revealed the extension of their collaboration. This partnership seeks to boost Paysend's offerings worldwide, providing customers with a wide range of solutions for cross-border currency exchange and...

Alchemy Pay, a provider of Web3 payment solutions, has announced its significant funding of LaPay Limited, a fintech company in the United Kingdom. This investment aims to initiate the global expansion of organizations operating in different industries. The UK Fintech...