Markets

Interactive Brokers Group, Inc. has unveiled its monthly performance metrics for January in the Electronic Brokerage division. This report showcases the firm's incredible growth and stable financial indicators. The Firm Witnessed A Substantial Increase In Daily Average Revenue Trades The...

The latest update from the BME Exchange and Six Swiss Exchange shows that the Spanish and Swiss markets have increased trade value as of January 2024. The major trade indicators display a year-on-year increase in trade value. This highlights the...

Carlos Hank Gonzalez, the chairman of Grupo Financiero Banorte (GFNorte), has introduced Bineo. This initiative is Mexico’s first fully digital bank. Bineo is backed by the Mexican Institute for the Protection of Bank Savings (IPAB) and Mexico’s Central Bank (Banxico)....

Celsius Network has started paying out $3 billion in a bid to exit bankruptcy. In November 2023, a judge from the UK permitted Celsius to establish a good plan to reimburse assets to customers. The Official Committee of Unsecured Creditors...

According to Governor Andrew Bailey, the House of Lords does not see AI technology as a danger to business but rather as a positive. Bailey shared that AI won’t take people's jobs away, humans will need to learn how to...

Paytm, a payment giant in India, has seen a significant drop in share price by 20% in two consecutive days. $2 billion was lost from its original market value. This happened after its business was hit with severe restrictions by...

While the UK’s open banking scene is continuously growing bigger and stronger, the changing economic conditions are still making it challenging, and numerous startups have failed to stay afloat. The most recent example is Kikapay, an early startup in the...

Praxis Tech recently introduced its newest product, which is meant to help improve the world of online payments. The new innovation is known as the 3DS Cascading feature, and it comes with the promise of enhancing user-friendliness and efficiency without...

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...