Markets

Moneyhub was selected as a vendor on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework thanks to its A2A payment offerings. Crown Commercial Service backs the public sector to reach the utmost commercial value when obtaining regular...

BaFin, the Federal Financial Supervisory Authority in Germany, has begun to investigate the illegal activities of an individual operating with the website fx-flat.com. This website fraudulently offers financial services and banking transactions without proper approval. The action posed a serious...

Commercial Bank International has announced its collaboration with Fuze, a provider of digital asset infrastructure. The two firms aim to develop and explore digital assets products within the United Arab Emirates. The collaboration signifies a major step forward in developing...

The Securities and Exchange Commission has placed charges against 16 broker-dealers and advisers with top players, Oppenheimer and Guggenheim, among the 16 firms. These companies were charged for failing to uphold electronic communications. They will pay over $81 million for...

A FinTech firm assisting parents to invest in their children’s future has revealed its aim to shut down. This comes two years after receiving funding of £2.1 million in seed capital from major Venture capitalists. Previously called Hapi Plan, Nosso...

Kinnevik, a Swedish Venture Capitalist has written off all its Monese investment. This was because of uncertainty about its future involvement in the sector. The Stockholm-based VC led a funding round of $60m in Monese in 2018. It has a...

Crypto firm Fordefi is debuting a wallet-as-a-service platform after securing $10 million in a seed-extension fundraising round. Electric Capital spearheaded the funding round with contributions from Alchemy and Paxos, bringing the company’s total seed funding to $28 million The New...

Ripple has decided to purchase Standard Custody and Trust Firm, a Corporate-level compliant platform for Crypto assets This decision highlights Ripple's dedication to Adherence to legal mandates and allows the firm to extend beyond its main payments system into several...

Rod Ashley, the Chief Executive Officer Of Alba Bank, has decided to step down from his position after six years of service. Mr Ashley revealed that he enjoyed his time at Alba. He has decided that it’s the right time...

NatWest Bank is now the first bank in the UK to become a dealer in the Crown Commercial Service's (CCS) Dynamic Purchasing System (DPS) for Open Banking. Every United Kingdom public sector entity like public administrations, charities, schools, NHS, local...

The Biden Administration has revealed that over 200 entities including Apple, Amazon, Mastercard, OpenAI, Nvidia, Visa, and JP Morgan have agreed to attend the latest US Consortium. Gina Raimondo, US Commerce Secretary, stated that the recent consortium is expected to...

Barclays has announced the acquisition of Tesco Bank’s savings, loans, and credit cards operations. The £600 million agreement has an initial deal lasting 10 years. The deal sees about 2,800 Tesco Bank workers operating on banking products will be transferred...

Nasdaq Private Market (NPM) has secured $62.6 million in a funding round with backing from some renowned banks. This funding round was steered by Nasdaq. Current investors like Goldman Sachs, Citi, and Allen & Company all played a major part...

World’s largest bank JPMorgan Chase has been declared a top bank in artificial intelligence (AI) research. This was According to a recent report by Evident, a benchmarking platform. The report shows that the firm has increased the percentage of AI...

Santander has reportedly filed a complaint with Britain’s advertising regulator against a Nationwide advertisement campaign. The firm claims that the advertisement denigrates and dishonors the high-level street banking division. In the latest report, the company sent a message to the...