Markets

The Commonwealth Bank of Australia recently entered into a collaboration with Vodafone for a new pilot project. The project will see the two share SMS scam intelligence in near real-time, according to the partners. Thanks to the new partnership, the...

Icon Solutions, a UK-based payments technology outfit, recently managed to secure an equity investment from Citi Bank, the US-headquartered banking giant. While the exact terms of the investments were not released to the public, it is known that the investment...

Korean tech giant Samsung recently revealed that it is joining Mastercard’s new Wallet Express program. By teaming up with Mastercard, Samsung hopes to make it easier for card issuers and banks in the UK to offer access to its own...

The London Stock Exchange (LSE) suffered two outages yesterday, December 5, causing significant disruptions in trading. Hundreds of small company shares became unavailable for trade during the two incidents, as the exchange had to temporarily halt trading on the FTSE...

Metro Bank plans to trim around 800 jobs by the end of March. The financial institution also plans to review its 24/7 branch model to trim costs amid a multimillion-pound deal announced in November. According to the troubled lender, it...

Intesa Sanpaolo has created and rolled out a wearable payment solution in the form of a ring, which will allow customers to make payments at checkouts simply by tapping it. The Italian bank created the ring in collaboration with Mastercard,...

CaixaBank has formed a multi-disciplinary task force of over 100 experts in various sectors, who will now work together on creating and deploying generative artificial intelligence (AI). The bank intends to use its upcoming AI solution in specific areas of...

Banco Santander, a provider of retail and commercial banking, wealth management, as well as related financial solutions, has recently migrated its corporate and investment banking business. The bank revealed that its corporate bank has moved on to a new cloud-native...

Circle, the company behind the USD Coin (USDC), was recently hit with allegations that said that the company may be involved with Palestinian terrorist groups. Circle responded to the allegations, strongly denying that it facilitated funding for terrorists. Circle no...

Finastra recently published its annual State of the Nation Survey, which revealed the biggest interests of the financial services sector. According to the global survey, the majority of investments are going into innovative, emerging technologies, including primarily artificial intelligence (AI),...

During the recent Conference of The Parties (COP28) in Dubai, the UAE announced that it is setting aside a $30 billion investment, which will be used to launch a climate-oriented investment vehicle. The country intends to use this opportunity to...

Card giant Mastercard recently listed the first five participants that will take place in the Start Path of its Solidarity Program. These are the five early-stage startups, and the company focused on firms founded by women and people of color....

Lloyds Banking Group is the first bank in the UK to adopt the Fuse platform by PrimaryBid. The offering will expand customer access to transactions in the UK capital markets. The partnership between Lloyds and PrimaryBid will foster more participation...

Elven Big Tech firms are working with social media platforms to sign up for a UK Online Fraud Charter. They will work together to address the increase in scams from fake adverts and fraud related to romance activities. UK banks...

Cross-border payments in Europe will support seamless connections to instant domestic payment systems. This system will offer full transparency and end-to-end tracking powered by the Swift system. This offering is made possible by the One-Leg-Out Instant Credit Transfer scheme (OCT)...