Markets

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...

Doo Financial HK Limited, a subsidiary of Doo Group, recently received a Type 1 license from the Hong Kong regulator, the HK Securities and Futures Commission (HK SFC). The Type 1 License now allows the company to deal in securities....

Sweden is seeing a continued drop in cash usage throughout the country, moving ever closer to being a cashless society. However, there are those who believe that this is not a good thing, and that legislation is needed to ensure...

This Thursday, March 14, SAP SE unveiled a new solution created to help retailers by providing them with greater flexibility regarding payments. The solution, known as the SAP Commerce Cloud Open Payment Framework, allows retailers to navigate the rapidly evolving...

Recently, members of the crypto community monitoring the market activities noticed a new wallet accumulating substantial amounts of Bitcoin. Since these observations were made, some have suggested that the responsible party might be the sovereign wealth fund of Qatar, with...

UniCredit, the second biggest bank in Italy, has been charged €2.8 million (£2.3 million) by the nation’s data protection authority for a data breach incident in 2018. In 2018, there was a cyber-attack on the mobile banking platform of the...

Nationwide Building Society has announced its plan to purchase Virgin Money for a significant amount of nearly £3 billion (£2.9bn). This move signifies the biggest banking deal in the UK since the financial crisis in 2008. The two major lenders...

Google and OpenAI alongside many other technology firms have signed an open letter, promising to develop AI. The letter was spearheaded by Ron Conway, a philanthropist and venture capitalist, and his firm SV Angel. Conway stated on X that this...

Federal Reserve Chairman, Jerome Powell, has recently revealed to the Congress that the launch of the United States Central Bank Digital Currency (CBDC) is still far. He communicated with the Senate Banking Committee, claiming that the Federal Reserve shows no...